RAF has been working for the last several years to encourage local state volunteers and pilot associations to revise each state’s recreational use statute to include operation of aircraft.Continue readingRecreational Use Statute follow-up
“I’ve been told that insurance for an airpark is not required. Is this correct?”Continue readingAirpark insurance… is it required?
Do you have a packet and/or links to information for bank officials who are familiar with fly-in communities?Continue readingQuestion: Looking for knowledgeable lender
Taxes on a piece of real estate – home, airpark, etc., nationwide averaged around 1% of the property’s assessed value.Continue readingInteresting statistic on taxes
Are there any lenders that understand lending or specialize in lending to purchase an airpark property?Continue readingQuestion: Any lenders specializing in airpark property?
I live on a modest little airport community 18 mi. north of Tampa FL. called Tampa North Aeropark (X39). Before this Sub-Prime Mortgage Fiasco hit the fan the market value of my 4 bedroom 3 full-bath country-style hangar home was approximately $440,000. Now I can’t get an appraisal up over $250,000. Continue readingLetter: Need some help with COMPS
The hangar, as it is not a living space, is not considered in the valuation for a home mortgage.Continue readingWriter seeks clarification on Florida valuations
What we need some help on is a thru the fence agreement between one of the property owners and the HOA.Continue readingSample Thru the Fence agreement sought
My questions are about Liability Insurance and what kind of cost would be average. I would also like to put it on your web site and any other thing I may need to know on thing to do.Continue readingInsurance for an airpark in development
Just wanted to let you know that LWYP saved our Homeowners Association almost $1,000 in insurance premiums this year. The past several years we had been paying Air Capital Insurance of Wichita, Kansas, $2900 for a $500,000 liability policy.Continue readingLWYP survey helps save nearly $1,000
Liability coverage for residential airparks and individual homes is readily available from a wide variety of companies.Continue readingLongtime insurance agent comments on issue
In the event of an “incident” leading to litigation, most likely occurring on the runway, the situation becomes even more unclear.Continue readingProperty lines run through runway
Recently we asked insurance firms to tell us about liability insurance terms and fees for residential airparks. We received responses from Jon R. Shimer, Jr. of Aviation Insurance Resources and Norma Joyce of AUA. The information they provided is below together with the contact information.Continue readingInsurance firms provide answers to airpark liability coverages
I’m looking for financing companies for aircraft hangers at our private airpark, Mogollon Airpark.Continue readingHangar financing sought