From my post of November 1st.:
Here I go again. I just received the Aviation Insurance Application from my broker. The renewal comes up in Jan, I will turn 75 in April, I flew about 100 hours last year, with an IPC and Biannual (or whatever they call it now) on the log. The wait (like for compression numbers) begins!
Well, my quote came in and jumped by $691.00 to $2997.00. Here are the numbers for the past five years.
2019 $1263.00
2020 $1661.00
2021 $2284.00
2022 $2306.00
2023 $2997.00
I will be 75 in April, Commercial, Instrument with IPC, Current Biannual, 2064.3 total hours, 83.2 hrs last 12 months, around 90 hrs per yr, 398.4 time in type, 851.8 complex.
One accident: 04/25/09: total loss of N201JT Mooney valued at $79k, USAIG pd engine failure on takeoff. I attached the write-up from MAPA Log Jan 2010.
1989 M20J (201), N1013U, 1436.5 TSMOH, 3030.1 ACTT, Insured for $125,000, standard policy.
So, there is my first-world issue (bitch)! I am lucky enough to afford it, but it may be time to walk away if it keeps increasing like this.
20090420 201JT.pdf