I just renewed my aircraft insurance with D R Cox & Company (broker) and my insurance went up $1,800 this year. I’ve insured my 2005 M20R for the past several years with W. Brown and the only thing that’s changed is I’m a year older 73. I have approximately 6,400 hrs with commercial, instrument, single & multi land and have been flying Mooney’s for over 40 yrs. without an accident or incident. The carrier seemed to be responsible only requiring an IPC each year. After speaking with my broker I was informed that there are limited markets offering coverage for Mooney aircraft. Here’s a list of carriers that my broker received a response from:
Aerospace - $2,000 higher than W. Brown
Old Republic- declined
Global Aerospace-declined
Starr Aviation -declined
USAIG - declined
USSIC - pass
Here’s the kicker a friend of mine has a 77 Beech A36 with approximately the same coverage and he’s a year older and less hrs and he just renewed his insurance for $2,000 less than me thru Global Aerospace.