Parker_Woodruff

@Hank is correct...but I've expanded. There is a greater likelihood of a Mooney involved in a student pilot claim, but not 5-7 times. The price difference can be attributed to a smaller market who will support that business and also the higher repair costs of a Mooney runway incident than a C172 runway incident...remember a lot more damage is done to a Mooney that has a gear up than a Cessna that has a prop strike. IClaim costs on the Mooney are more. Cessna 172 Impossible to gear up. Fixed pitch prop is much less expensive, even brand new Mooney M20J Can gear up Gear ups are not just a prop strike. Skins get replaced, constant speed props are more expensive to replace than a fixed pitch prop for a C172. What would otherwise be a perfect landing in a C172 is a $40,000 gear up event in a Mooney. Airmanship could be fine in both cases...(minus forgetting the gear) An accident will likely happen at a higher speed which = more damage and increased claim costs. Compare Vso in C172 and M20J.

It's a policy limitation. It's not make and model limitation. I can get companies without this policy limitation to quote a C172 or PA28-181 for a student pilot. I normally can't get the companies with top tier policy forms to quote students in an M20J or BE36.

If the CFI or his widow is suing the aircraft owner for negligence, there would be no coverage for bodily injury to that crewmember by the terms of the policy.

$8-$10K for a $100,000 M20J, if all the necessary boxes are checked and we can get a quote...

It's a limitation for those carriers. Almost any other insurance company (with better policy terms) will insure a C172 with a student.

"I'm a student pilot. Can I get insurance which will cover me receiving instruction in a Mooney?" This is a very frequent question these days, so I am providing some general guidance here. Can a student pilot get insurance on a Mooney? Yes. However, as of this writing, there are only three companies that will consistently offer insurance for student pilots flying a Mooney, provided certain underwriting criteria is met. Those three companies each have one of the following policy limitations which carries some risk for the aircraft owner: Two of the carriers limit hail damage not affecting the airworthiness of the aircraft to 10% of the agreed value of the aircraft, less any deductible. On a Mooney, there is no established maximum depth of a hail dent to render the aircraft unairworthy. You may very well end up with a check for 10% of the aircraft's value and still own an aluminum golf ball. One of the carriers will not cover bodily injury to flight instructors or any third party crewmember (delivery pilot, safety pilot, etc.) in the event of an accident. You would be left to defend yourself against any demands or suits brought about by the injured crewmember. Rest assured, we do not place any clients with these carriers without first disclosing the policy limitations outlined above. We also do not offer terms from these carriers when other reasonable options are available. In fact, we put these limitations in plain writing and request acknowledgement as it protects Airspeed against Errors and Omissions claims. All aircraft insurance carriers have differences in their coverage. While most of the time it makes sense to go with the lowest price, that's not always the case when there are specific insurance needs (non-owned aircraft coverage requirements, spare parts coverage, etc.). Parker Parker@airspeedinsurance.com 214-295-5055

I know the owner and wouldn't hesitate to send magnetos there.

Have you raised the value during the year? You should do that to guard your investment...they'll give you a pro-rated increase in premium. Regarding your rates, you'd need to provide more info on your current pilot experience, ratings, etc. to see what's available. Discounts are carrier-specific.

Wide open throttle. Max RPM unless you're trying to reduce noise. Target EGT method to lean in the climb.

yeah and I finally got to drive it after over a week of being parked for weather. It was definitely a Subaru week around here...

Thanks, Richard. Part of the reason for my answer choices was to gauge what I might expect at the show. It's no small cash outlay to have a booth and it's good to know that I'll get to see some people there. I've got a lot of skin in the game, regardless of what people's COVID opinions are and if they go to SnF or not. I've also got a lot of opinions on the whole matter, but that's not for this board. I'm a very fortunate small business owner compared to a lot that aren't making it out of this. I've experienced steady growth (enough so that taking a PPP loan would be dishonest, so I didn't) while many others have had their business swallowed up by big business with big tech resources - they had much greater ability to adapt.

They keep the vintage Mooneys in Longview and Jimmy often has J+ inventory there getting shuffled around. I bet they can find a way into a J+, even if they ask a customer. Mid-day on a Friday with good weather clients are flying in and out all the time.

You should drive to Don Maxwell in Longview - and there you can sit inside Mooneys of all models.

All data would probably be anecdotal - aviation doesn’t have the large numbers to aggregate all this stuff. When I was an underwriter it was a bunch of pilots trying to run an insurance company. Contrary to popular belief, we did not have an actuary on staff. Regarding your first question about how often $1MM (or a full limit)is paid out, I don’t know but I can tell you what it’s like to show up at work and be the luckily winner of my initials next to a claim with reserves at $1,000,000. After the initial frustration, reality sets in on how many good accounts you have to write to fill that hole.

I get the same uninsured flight school calling in South Florida every year right as a hurricane is threatening. They claim to have no loss history but I know people whose records about them indicate otherwise. They’re always wanting me to lie to insurance companies about the true details on their risk. You’d think they’d stop, but it’s likely they’ll call again around August. They just expect some young guy with a business startup to eat their problems.

That was in my first week or so of moving to Florida. During the first two weeks I had both a SnF tornado and a guy on drugs threaten to kill me (and throw his car jack toward me) for not helping him change the tire he popped in a parking lot. “Welcome to Lakeland, Parker!”

You'll probably get a reduction, but not as much as the other guy since he was already up at 600+ total time. At today's rates, you'd be in the low $2000s with 500 total time, instrument rated, and 100+ retract.

And on the other hand, some will let you fly something up to 40 seats...

Just like OSH which can be cold in the morning, warm in the afternoon. Mid-April SnF shouldn't see anything much below 70 degrees, though

I will be there in Hangar A for Airspeed Insurance. Please stop by if you are there! My wife cannot make it this year, so my evening schedule is pretty open most nights.

Can't get the CFI non-owned on your personal policy. The non-owned coverage to include gliders is possible.

ATP 99% of the time won't help you for a SE piston aircraft. I don't know what carrier you're with, so I don't know if you're maxed out on discounts. It's all carrier dependent. But each carrier has a set number of discounts they give...

I'm running on 7+ years without. It's not fun being without...especially considering getting back in the market in this market...

Selling my M20J in 2010 was pretty easy. It had new avionics. A couple callers who wanted a deal right then and there but wanted me to wait a week while they sold their plane. I sold it to someone here on MooneySpace who offered a non-refundable $1000 to hold the plane for a short time. Selling my M20K in 2013 was a complete beatdown even though it was an Encore Conversion with new paint and the advertised price was better than comparable airplanes. It would have sold in a day in today's market at far more than I advertised it for back then. The worst was all the people calling on my Controller ad trying to sell me sketchy risk-free loans...whatever that means...I only had a couple potential buyers call about the plane in 90 days or so and it eventually sold. I was willing to take either plane to the Mooney Service Center of their choice. In the end, neither buyer of the M20J or M20K asked for a prepurchase...almost all my maintenance was done at Don Maxwell.

I've owned 2 Mooneys and presently insure about 160 of them. I've always been inclined to the cleanest, newest airframe possible and willing to upgrade the other stuff later on. For me, that's been a 1990 M20J-AT with 6900 hours and a 1987 M20K with about 1400 hours. If you see yourself wanting to put $20,000 in the plane, I'd **personally** rather do that with an airplane built in the '70s over one in the '60s. That said, I lean towards the 1976 M20F...but...what year was that engine overhauled? 10 years ago? Ok. 25 years ago? I'd likely pass... It's been for sale awhile...maybe they'll work on the price...