Parker_Woodruff

I've never seen so many people in the market for a plane and I've also never seen so many brand new pilots in the market for a Mooney!

Just get the private cert done first. Also helpful if you reach 100 hours, but not mandatory. Get an insurance quote before making an offer on a plane. What’s insurable today might not be insurable tomorrow.

They'll charge you betterment if you do the overhaul instead of just the required teardown. But they're not going to charge you betterment if it's a total loss. They just cut a check.

When you've got an airplane far past TBO insured for 50% over market value, some questions need to get asked.

Insurable. Basically no one ever asks about complete logs in underwriting. They do ask hours SMOH very often though

Well the carriers said that for about 10 years going the opposite direction at 5-10%/yr I think we were at a healthy place in the market at the end of 2020. Profitable enough without inviting a bunch of competition to create a race to the bottom in rates. I am glad that 2021 has finally weeded out or surcharged some really bad risks (I can think of a few commercial operators regularly pushing 100%-300% loss ratios every year). But I think if rates go too much higher we will get competition in the market. Competition tends to buy up market share at low rates and eventually carriers must defend their piece of the pie. On a positive note (and I know you guys are paying for it :-/), there are some aviation loving insurance underwriters finally seeing some meaningful pay raises for the first time in a very long time.

The 252/Encore with metal 3-blade Hartzell is the best way to go for takeoff and climb performance.

Major safety improvement going 3-blade

I don’t think I’ve ever felt so uncomfortable in my life on an Otherwise normal takeoff than with that set up.

One Engine Inoperative

Piper Seneca IV and do some stuff in the panel to make it lighter. Most importantly, fly at least 100 hours per year and every 6 months do some OEI practice.

I like your list. 1997-1998 Encore. Any M20R with A/C. Any M20S

https://www.avweb.com/aviation-news/sun-n-fun-2021-fewer-exhibitors-and-attendees-but-ready-with-covid-precautions/

I get your point here, but travel logistics for SnF are so much more affordable and there are just less hassles. That said, we hope to exhibit at OSH in 2022.

1) I’m sure a lot of big biz vendors have corporate restrictions on travel, but we are most definitely permitted to exhibit, as of this post. 2) See 1 3) The SnF hangars are different from Amazon-related operations. There is nowhere near the capacity for Amazon on SnF hangar grounds 4) See 3 5) I think so

First I have heard of that. The most recent requirement I'd heard was BasicMed was fine but pilots over a certain age had to get an annual physical. That was from someone who was quoted by them.

I’ve been asked a few times what it would be like to start a risk retention group in the face of difficult underwriting. I’ve basically said this: - Even if we got a nice pool together, the rates would be far above what people would want to pay. - If we can’t save the majority of pilots money, why would they switch when there is regulated insurance? - The last time an aviation risk retention group was started because everyone was unhappy with rates, it didn’t last. http://go.sterlingrisk.com/l/34392/2018-08-01/qf5tx6/34392/316657/Important_Info_for_Former_AAIRRG_Insureds.pdf

You're allowed to put up money or a bond with the state.

In a previous reply. Who has ultimate ownership over the insurance company's money? It's the shareholders. They submit to authorities on reserves and claims management, but a the end of the day, it's not our money and I don't think we need to be saying we have a right to it. The insurance companies pay for a lot of claims that never even get mentioned to the FAA, so unless we want to report each time someone starts an engine with a towbar attached, has a prop strike on a bounced landing, etc., then there's really no comparison here. The auto insurers are allowed to call drivers in for medical exams and also non-renew them when claims get egregious. You have to then self-insure or go into a state risk pool which is very expensive. Fortunately in the US we aren't forced to purchase EU liability limits...$$$

Stay with them. Great company and generally committed to their long-term clients.

The FAA isn't involved in almost every prop strike, wingtip rash incident, etc. But the insurance companies sure are. The insurance companies aren't banning anyone...Most US residents can fly uninsured. Just as US residents can self-insure for autos.

How old are you now?

I don't think you'll find much difference in underwriting opinion of the Cirrus and Ovation. Ovation to Acclaim is probably doable, but you need to get clearance from your current underwriting company first...and keep that existing policy active. Needs to be an add/delete rather than cancel re-write.

You need to be with the right carrier at the renewal before your 70th birthday. We re-evaluate at 74 and determine if you should stay with me or go to Avemco. Sometimes this means I lose the business, but I'd rather have a bunch of referrals than end up getting someone into a bad situation with underwriting at age 80. There are, of course, no guarantees, but we do the best we can and hope for the best outcome. I have two pilots over 80 years old insured. One with liability only on an M20K and the other on a C172RG with physical damage coverage (he is limited to day VFR only). You need a good broker at age 64... If you can be willing to go simple SEFG type, lots of options for pilots 80+ if you're ok with a C172, C182, PA28), etc.

An additional insured (or their estate) can sue a named insured and the policy would respond. A third party can sue a named insured and additional insured. The coverage would respond to the Additional Insured if it was due to the operations of the Named Insured. Mooney pros is not being added as a Named Insured. Mooney Pros is being added as Additional Insured. The carrier that has this restriction is not in the business of non-owned policies.