Ever purchased an airplane?
They are EXTREMELY expensive to purchase and even more expensive to repair.
A single 30+ year old King Air twin in good shape has the same value as 175 new automobiles (Edmunds 2009 value of $28,400). And that's a 30 year old aircraft.
Think of this ‘minor’ disaster as a highway pileup of 2,000 cars. Or more
Lucky only seven folks were injured.
And most of them are insured!
This is a MAJOR DISASTER for State Farm or Farmers.
They will probably raise rates across the board after this MAJOR AIRSHOW DISASTER.