What a Gear-up Costs

Volume 36
Number 7
July 2006

Even for a modest single, the bidding starts at $40,000 or 20 years worth of premiums. Insurers always pay but so will you in higher rates, betterment and for hidden damage.

by Jon Doolittle

It’s a groaner we’ve all heard: There are those who have and those who will land with the gear in the wells. The notion is absurd, of course. All of us know plenty of pilots who’ve retired from flying having never scratched an airplane, let alone scrubbing the antennas off with the million-dollar runway slide. …

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