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Named insured on Insurance
Richard, I am no insurance expert but it sounds like your FBO wants to be a "named insured." What I think this means is that it takes them off the hook for any negligence on their part. Your insurance company will have to pick up this added liability and will likely charge you for it.
I think it's AOPA but someone prints a sample agreement between FBO and Owner for hangar storage that is very fair and equitable. I'd strongly resist having to pay extra to add your FBO as a "named insured." I'd resist it even if you can get it free of charge. If they have to pay for negligence on the FBO's part (hangar rash, for instance,) it'll go against your record as a loss.
There are insurance experts at EAA, AOPA and Cessna Pilots Assn. who'll advise you for free if you are a member of any of these organizations.
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