The Murphy Builders Site

If one goes that route for certification and registration purposes how
will
the insurance companies look at it when they come up with your premium?
I was told by a local EAA tech counselor not to call it a kit, and that if
it's not a kit then you can name it whatever you want on the paperwork and
then the state (and/or the feds, I'm not sure which one takes the big
bite)
won't be able to tax the heck out of you by looking in Trade A Plane to
see
what a "Murphy Rebel" is selling for.
So, I wonder if you can have your cake and eat it. I assume the insurance
costs will be less if the aircraft is a known proven design, and maybe
more
importantly, built from a kit. How would they look at a "Bush Chicken" or
whatever?
Jese





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If one goes that route for certification and registration purposes how will
the insurance companies look at it when they come up with your premium?
I was told by a local EAA tech counselor not to call it a kit, and that if
it's not a kit then you can name it whatever you want on the paperwork and
then the state (and/or the feds, I'm not sure which one takes the big bite)
won't be able to tax the heck out of you by looking in Trade A Plane to see
what a "Murphy Rebel" is selling for.
So, I wonder if you can have your cake and eat it. I assume the insurance
costs will be less if the aircraft is a known proven design, and maybe more
importantly, built from a kit. How would they look at a "Bush Chicken" or
whatever?
Jesse

Mike,
So what was the tax hit like on your Davis Quicksilver?
As far as the insurance thing goes, it almost seems like a better idea to
start your own "insurance" bank account and make monthly payments to that.
That way if you ball it up at least you get to keep all the expensive
pieces. The only thing I would worry about is liability.
Jesse








That's a good question that only the insurance man can likely answer...
and
not one I've looked into since getting insurance on any experimental in
Alaska is impossible at the moment. Last person I heard of actually
getting
a quote was 5 years ago, and it was US$8,000 a year! He decided to assume
the risks himself.

I registered my QuickSilver as assembled from assorted parts and pieces
because I didn't have the bill of sale from the kit manufacturer, which is
required if you are going to register as built from a kit. Other than
moving that one check mark on the form, and not having to provide the bill
of sale, the only other thing that was different was completing the
worksheet showing that I had done 51%. It still shows up in the FAA
registry as a Quicksilver MX manufactured by Davis.

Mike

----- Original Message -----
From: "Jesse Jenks"
To:
Sent: Sunday, November 06, 2005 8:53 AM
Subject: Assembled from various parts and pieces

If one goes that route for certification and registration purposes how
will
the insurance companies look at it when they come up with your premium?
I was told by a local EAA tech counselor not to call it a kit, and that if
it's not a kit then you can name it whatever you want on the paperwork and
then the state (and/or the feds, I'm not sure which one takes the big
bite)
won't be able to tax the heck out of you by looking in Trade A Plane to
see
what a "Murphy Rebel" is selling for.
So, I wonder if you can have your cake and eat it. I assume the insurance
costs will be less if the aircraft is a known proven design, and maybe
more
importantly, built from a kit. How would they look at a "Bush Chicken" or
whatever?
Jesse

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From: "Mike Davis" <mike.davis@dcsol.com>
Reply-To: <rebel-builders@dcsol.com>
To: <rebel-builders@dcsol.com>
Subject: Re: Assembled from various parts and pieces
Date: Mon, 7 Nov 2005 12:03:19 -0900

Ah... no taxes in Alaska! Only cost was the $5 or $10, I forget, that I
had
to send with the application for the special airworthiness certificate. I
agree on the self funded insurance at those rates. When I last asked,
Falcon said they would provide liability once the Moose was flying... but
don't know if that's still the case or not.

Mike

----- Original Message -----
From: "Jesse Jenks" <jessejenks@hotmail.com>
To: <rebel-builders@dcsol.com>
Sent: Monday, November 07, 2005 8:35 AM
Subject: Assembled from various parts and pieces

Mike,
So what was the tax hit like on your Davis Quicksilver?
As far as the insurance thing goes, it almost seems like a better idea

to

start your own "insurance" bank account and make monthly payments to

that.

That way if you ball it up at least you get to keep all the expensive
pieces. The only thing I would worry about is liability.
Jesse








That's a good question that only the insurance man can likely answer...
and
not one I've looked into since getting insurance on any experimental in
Alaska is impossible at the moment. Last person I heard of actually
getting
a quote was 5 years ago, and it was US$8,000 a year! He decided to

assume

the risks himself.

I registered my QuickSilver as assembled from assorted parts and pieces
because I didn't have the bill of sale from the kit manufacturer, which

is

required if you are going to register as built from a kit. Other than
moving that one check mark on the form, and not having to provide the

bill

of sale, the only other thing that was different was completing the
worksheet showing that I had done 51%. It still shows up in the FAA
registry as a Quicksilver MX manufactured by Davis.

Mike

----- Original Message -----
From: "Jesse Jenks"
To:
Sent: Sunday, November 06, 2005 8:53 AM
Subject: Assembled from various parts and pieces

If one goes that route for certification and registration purposes how
will
the insurance companies look at it when they come up with your premium?
I was told by a local EAA tech counselor not to call it a kit, and that

if

it's not a kit then you can name it whatever you want on the paperwork

and

then the state (and/or the feds, I'm not sure which one takes the big
bite)
won't be able to tax the heck out of you by looking in Trade A Plane to
see
what a "Murphy Rebel" is selling for.
So, I wonder if you can have your cake and eat it. I assume the

insurance

costs will be less if the aircraft is a known proven design, and maybe
more
importantly, built from a kit. How would they look at a "Bush Chicken"

or

whatever?
Jesse

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