Parker_Woodruff

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.

Mid $5000s? $6000? at $1MM/$100K or $1MM/$200K liab.

Premium is ok here, all things considered. May be able to get you smooth coverage, may not. Not sure what your deductible is, but there's enough premium here we could negotiate it either way.

we want upgraded pics of the new ride as, IIRC, the last time we saw it in a shipping container.

How much retractable gear time do you have right now? If you're with the right insurer for this aircraft before age 70, I don't expect that you'd receive a very large premium increase upon reaching age 70. There'd be some increase around that age, but not enough to drive an aircraft purchase decision.

good thing that wing got left behind...

In Texas, you can post a deposit (cash or CD) of $55,000 with the State Comptroller for auto insurance. That covers state minimums. There’s not really any defense that comes with that like having an insurance policy.

Hopefully you were with the right insurer beforehand or we can maybe get liability only. Liability only isn’t usually a problem with 4 seat fixed gear aircraft (performance of a C182 or less)

I had no idea they offered in-person formal training. Good to know.

Depends on the plane. I recently quoted insurance for a prospective purchase Cessna 340 to a very active pilot in his mid-70s at very good rates. Below $250K Hull there are generally insurance options (sometimes, but not always, good quality insurance policies) for almost any mass-produced piston single for pilots prior to age 80. Recent pilot hours are helpful to the cause (50+ in previous 12 months is good, more is better). The insurance market is softening. Underwriting seems to soften first, followed by rate. In a claim-inflationary environment, flat rates are effectively rate decreases.

Many commercial aviation insurance clients (flight schools, maintenance shops) have been seeing rate decreases. We'll see what happens with personal aircraft.

Things get expensive past mid-December