Insurance

Larry Lowenkron

Larry Lowenkron

Member
I have been wondering how others have fared with insurance.

I am about to renew my policy with AVEMCO or AIG thru Facer, and was curious. How did you fare? Please say:
1. Company and/or broker;
2. Coverage
3. Service
4. Premium
5. Other comments.

Thanks! Larry
 
Larry I just got a quote from global aerospace for $1450.00 for 32,500 coverage,100k/1,000,000?
 
I got a quote from AVEMCO for $30 K in flight hull, and 1 million liability for my `46 Cruisair for $1735. That is with the 5% discount for completing Wings program, also got a quote from AIG for ~$1585.

I have a commericial certificate with ASEL,S, Glider and IR and ~2700 hours.
 
I only have 350+ hours TT, about 10 in taildraggers (Twin Beech 18H [1], SNJ-4[3], Aeronca 7AC[3], and Cessna 180[3]), and ZERO time in my Cruisair!

All I'm really after is liability and ground coverage. If I screw up in the air, I'll either fix it, or I won't know about it anyway. :lol:

I don't know what I'm gonna' do...
 
Another year and another increase, full coverage last year 1022 bucks this yeat 1320 thru AOPA. Nothing like screwing your customers! Nest year I'm dropping the hull. LYNN N9818B the crate :twisted:
 
Dave: I use Facer and they insured me thru Global for $557. $1,000,000 , $1000,000, $10,000 Liability. I fell like you, If something happens I can fix it, if its bad who cares. 1700 hrs totol time 900 hrs tailwheel,500 hrs high performace complex no extra ratings. :lol: :lol:
 
I'm with Falcon and my rates are going up about 25% to $1639. That's for $36,400 hull and 100,000/1,000,000 liability. I'm looking at dropping the in-flight when it is time to renew.

I have had the plane about a year so this is my first renewal. I tried to get a quote from AOPA a year ago, and they were HORRIBLE in terms of service. I knew it was going to be a problem when I asked about complex time to get my son insured. He had a lot of tail-wheel but no complex time (about 750 hours but mostly helos in the Army). The gal said, "I thought you said tail-wheel." I said that was correct and she said, "Well they can't be both." I guess she was new.

Anyway, it took quite a while to get an answer and they came in at $4000 dollars for the above coverage. If someone else has had better luck with AOPA I might give them another shot at it.

Chuck
9805B
 
Nancy at Facer told me that when you go to one broker, they check with all the underwriters for a quote. On Cruisairs, that's only Glbbal, and AIG. AVEMCO is direct writing, so you go to them directly.

Each underwriter will give their quote, so even if you go to another broker, the underwiter will give their same quote regardless of broker.

She also told me that Global wasn't writing policies for 14-13s, but was for 14-19!? AOPA wouldn't write one for 14-13 either. So, I guess it boils down to which broker you like. You can then use the best (and or cheaper) quote they get from the underwriter. Anyone have different experience?

I am kind of leaning in the direction of Randy and Dave, but must admit, having full hull sure save my butt when I had my loss in Pierre, SD on the way back to Eugene from OSH!
 
I made the best landing on my entire trip, and then, in almost calm winds, my plane kept turning right despite left rudder and I was going off the rw. As I got inot the rough, I could see that it was going to get ugly, so I groundlooped it, and the gear collapsed. It would have been a lot worse if I kept going straight.

Never was sure what caused that to happen...probably the pilot, though I had another pilot with me, and he couldn't tell either. The wind was only 10 kts from about 10-20 deg off the rw, and it wasn't gusting, so I don't know.

What I did learn from this, was that AVEMCO was pretty good about it all. That may have been the adjuster, but I was pretty happy with how they handled it. Other than a frequent flier ticket to EUG, it didn't cost me much in $....damaged ego and lost flying time though is another story!
 
Hey Larry-
I left the runway once in Tucson in the same situation: light winds, but full rudder would not keep her on the pavement. Luckily I missed the lights and came to a dusty stop in some smooth dirt with no damage. Kim was not pleased! Turns out I had "kicked" the Parking Brake actuator conveniently located on the floor into the "On" position during flight, but it only worked well on the right brake! Now I always check it before landing.
Scott
N74445

PS - I came here looking for insurance help, too. AOPA just sent me a quote 42% higher than last year. Anyone have the number for Facer??
 
Just to let you'all know. I am insured thru Facer for liability only and my rate went down $35 this year to something like $525. How often does that happen. :lol: :lol: :lol:
 
A friend of mine groundlooped his stinson and told me the insurance company keeps the plane to part out to help cover any damages to third parties they have to cover. So thinking you can fix it yourself, you might have to compete with scavengers at an auction to buy back the wreck. You might want to check with your carrier before you drop the hull coverage.
 
Did the Stinson owner have a lien on the plane? That would explain the auction, otherwise, I believe the owner would be directly responsible for the damages- the plane really wopuldn't figure into it.
Maybe auction off the owner/ pilot? :D
 
Just got a quote from AOPA. they finally found out that the Cruisemaster is a tail dragger. My rates went down 50 bucks! Figure that out I sure as hell can't! LYNN 8)
 
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