Parker_Woodruff

Get $1MM Smooth and then have your broker get an excess policy.

Sometimes the IPC requirement is purely based on the liability limit selected

Is the plane off airport? Can you drill off the tail and move it by trailer? There was an M20J that was airlifted some time back...quite a venture...

Jimmy Garrison at GMax American Aircraft could probably point you in the right direction. https://www.gmaxamericanaircraft.com/

Thanks but taking a quick break from flying until I buy a plane again. Spent too much time in the right seat to be good for me over the past 8 years.

This is an incredibly spec'd airplane. FIKI with 1000+ useful!!

This summer has been the summer of dealing with damaged airplanes while they're parked. In two cases, it has made the most sense to file the claim as the policy holder and let the insurance carrier subrogate. In one case, it appears going after the aircraft owner's insurance directly is making the most sense. So far, with some proactive efforts such as calling the underwriters before they just slap a rate increase, we have been successful in limiting or completely avoiding rate increases. We had a case recently where an adjuster knew they had a good chance at subrogating and so, on behalf of the claimant, did us a favor and called the underwriter whom I was working with to get him favorable rates on his replacement aircraft.

It depends on which insurance company you're with and if your broker expects you to be with them for the long term (I can give you some advice on that with further details). In fact, one carrier doesn't take claims into account if they're under $10,000. In 80% of cases, I would say you'll end up ahead by filing this one.

Depending on your flight experience, that will tell you which carriers will quote. Within all available carriers, only about 1-2 will quote on turf. So if your pilot experience is on the lighter side, your age is 70+ as new business, or if you have claim history, you may not get any quotes at all.

Depends on some factors but in about 2-3 minutes on the phone I can tell you if $2800 is a good deal or not. Parker@airspeedinsurance.com 214-295-5055

A clear trend I saw in my former career as an underwriter is the pilots who were active in a manufacturer-specific owner organization were much less loss prone. It’s probably a combination of the conscientiousness of the owner plus the value provided by the top tier owner organizations. If you participate here with a mentality of being humble, willing to learn, and know and acknowledge your limits, you’re in a safer class of pilots greatly. For me, I realized last year that sitting in the right seat for so long I was getting out of my flow and have decided to take a pause from instructing until I buy a plane again. And I’m a 32 year old, ~1900 hour ATP, with a bunch of cool classes on my certificates. You have to do aviation right.

Very happy to help and received a message from the OP. Thanks!

As others have stated, with this engine you should fly max manifold and max RPM until cruise. Enjoy! And I highly recommend the Encore conversion coupled with a 3-blade metal Hartzell propeller for when you need a new prop.

I appreciate this layout a lot! Much less white space.

Yes. We are not licensed in Canada. Doing that would be exceptionally complicated and compost prohibitive. At least…for now…I’m open to it given more resources. But I spend too much for 49 states plus DC as it is…

Keep the prop full forward. This will provide more drag in the descent.

Many products on their website do not require a membership to purchase. I'm not sure if the sale applies to non-members.

If you fly at higher altitudes, consider Costco's sale this week on a Pulse Oximeter. $8 off (Not sure if membership is required for the discount). https://www.costco.com/homedics-premium-pulse-oximeter.product.100688011.html

There is basically zero actuarial data in aviation insurance other than what's available through Nall or the FAA. There are no aviation actuaries at aviation insurance companies. It's literally a bunch of pilots trying to run an insurance underwriting company. If all flights profiles are the same, 4 equally skilled pilots flying 50 hours each is just as risky, if not more, than 1 pilot flying 200 hours. Also, the risk of a partner-to-partner claim exists when there are severability clauses. In some cases, one partner can sue another partner in a covered loss, as opposed to a sole owner who can't sue himself and collect under the policy.

Thanks, Chris! Now go hit 500 total time and you'll be looking good for next year.

It's normally about 25-50% surcharge when you hit 4 equally experienced pilots.

Need more specifics to see where you fit in the market. Total time & if you're instrument rated would be good indicators on what you should be seeing from last year to this year. I'm free after 3pm central today... Parker@airspeedinsurance.com 214-295-5055

Most/all of the reputable safety organizations have their own insurance already. The insistence on being added to the owner's policy (at generally lower minimums) is a bit out of hand. Same can be said for certain brand name FBOs.

It's possible to get covered, but not guaranteed. I'm happy to give some advice to get you going in the right place. Feel free to message me.

I wish everyone would just get their own insurance and pay whatever their actual exposure is rather than what we've got going on where everyone everywhere wants a Waiver of Subrogation and Additional Insured. There are a few cases where it absolutely makes sense. But many cases where it does not. If someone is going after an organization on the aircraft owner's policy, they're certainly going for the organization's policy as well.