Parker_Woodruff

Not many Mite insurers out there, and even less (0-1?) for a low time pilot. If your agent gives you a list of companies that declined, I can tell you if there are any others I could approach.

I would do Florida, Texas, or New Mexico. Florida wins for business freedom, potential property tax repeal, and overall warm weather. Texas is fine...not as conservative or business friendly as people think. Some things are improving with recent business personal property tax legislation. But other things are getting worse because these municipalities can't stop participating in socialism lite by paying off businesses to come here in the name of "Jobs". We have plenty of jobs. We don't need artificial growth raising the cost of living and doing business....but here we are... Real Estate property taxes are insane here. If our families weren't here, I'd be pushing hard to move to FL (lived there a bit). If choosing Texas, I would probably shoot for Waco, Amarillo, Wichita Falls, Tyler, or Longview. New Mexico is beautiful and the property taxes are apparently very favorable in how much they can increase year over year. Source: I have insurance licenses in 47 states plus DC. My business is licensed in the same places. We have other business filings in certain states based on known legal necessity. I live in Dallas (and pay for it) and it's a complete disaster here.

Great to learn, but a common source of claims on engine start or even the pushback into the hangar. Each owner should have a "button up" checklist developed with an experienced A&P and do a full aircraft walkaround before starting the engine for the first time after oil change. Shall I drop off a keychain?

Some companies provide training discounts for completion of WINGS phases, IPCs, etc. Some companies without these discounts are already the most competitive, even after other companies have discounted. Asking underwriting companies for more discounts can be an uphill battle when personal use piston aircraft are/have many times been a loss leader...

That's been happening at a high rate for the past 5 years. Thankfully, for many aircraft owners, insurance rates haven't been moving at the same rate.

The difference is it's a full immersion program and there's been a big selection process before they even get to the training.

I cannot overemphasize this enough. Especially when it comes to flight schools that have only one multi-engine aircraft. That's an expensive section of training to have interrupted while the "twin is down again" for 90 days waiting on some on-demand part.

Mooney insurance for a student pilot is sometimes attainable but more difficult to obtain in California. I don't know where you are. As a CFI and insurance agent, I don't recommend a Mooney for a student pilot. Buy any Mooney you want right after getting your private pilot certificate.

I'll say one comment on picking up the phone. Don is on the phone all day. I visit the Maxwells about 2x per year. If you've visited his shop, it can be very difficult to have a conversation with him because the phone is always ringing. Many times he's giving advice to pilots that are AOG or mechanics that don't have the level of expertise. I know some of these people will never pay him a dime, but he has always looked out for Mooney people, in general. I can have the same issue in my business. Some days I've been on the phone for *hours* and I just watch missed call after missed call while I'm talking insurance with prospects, existing customers, or underwriters. Please have some understanding towards that and remember that he's usually not the one turning the wrenches... One of the downsides of giving people the time of day is you run out of time in the day and your other work still has to be taken care of...

We will be in Hangar A again this year. Also, expect a new look (logo) and meet our new, Florida-based agent, Mary Carrillo.

Yes, we do

Missile conversion

More financial risk compared to what can be recovered from salvage. The pilots and pilot behavior are probably about the same in each.

Having been in this for the most part of the years from 2010 to today as both an agent and an underwriter, the thing I cannot grasp is how hull rates past a certain point still decline. Let's say a $300,000 Cirrus is quoted at a 1.00% hull rate and an $800,000 Cirrus is quoted at 0.8%. At the end of the day, each of those planes has about the same salvage value. It seems like the rates would trend back upwards past a certain point. You need to get dollars in on the first dollars of the hull, and then the middle dollars can start the decline. But past a certain point, the underwriters are inviting more risk with what I'd assume has very little additional salvage value.

The M20K has been the best thing going in Mooney insurance for a long time (short body and mid-body). Sometimes it seems better than long body, too.