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So we finally got with our insurance to add the value of the new engine to the insured value of the aircraft. Just so you know if you are doing an overhaul, the terms of our policy, at least, is they will cover you for a 20% value increase temporarily (30 days) after a major modification before you have to report the new value to your company and pay a premium for a difference in insured value Anyway, our 20J was insured for $80k before the new engine. This was a bit overinsured for us, we had estimated the replacement value of the plane was about $70k-ish, but wanted to be free to go buy a new plane following a major totalling accident with minimum drama. After much discussion, we decided that with the new Lycoming overhaul we wanted to insured for $95k, which is probably still a bit over insured, but closer to the real value. Doing quick math, this represents an 18% increase in hull value. We just got the invoice from the insurance agent for the premium different: $1,618.00 New Hull Premium $1,118.00 Current Hull Premium Change = $ 500.00 $500.00 X .332 pro-rate Prorated amount due = $166.00 (Note that is not the total policy price, its nearly an additional $1000 for the liability portion of the policy, can't remember the exact value.) My math shows they are increasing the rate of our hull insurance by 44% ($500) to cover the 18% increase in hull value. I am a little appalled. Is this normal? We insure through Falcon - is this just a failure of my agent to negotiate with the insurance company? We are pretty locked into an insurance company because we have an open claim, and so all the other companies declined to quote this year - still we thought the rate we were paying was in family with what other people in our area was paying.