Mooney Insurance providers in Canada

[Houman]

Hi,

 

I got to renew my insurance in a bout 40 days and I'm starting to shop around for potential providers.

 

For now I know of Charette Assurance ( Insurance Brooker ) and COPA in Canada. 

 

Does anyone know other reputable and reasonable haul and full aircraft and passenger insurance provider in Canada.

 

right now the aircraft is insured for 150K all risks in flight and ground, plus 1M DM/BC including passengers.

 

Thanks !!!

 

[yvesg]

Get 3 quotes... I am with Marsh Canada. They are the cheapest for me.

Yves

[drapo]

I was with Magnes (COPA) I'm now with Marsh, for the same coverage, even with $2m liability instead of $1m, which other company wouldn't offer, Marsh was cheaper by +/- $300. 

[jezzie]

Kind of curious what rates are? I get mine from JL Davidson and Assoc in Ajax ON. I have a J with 210,000 coverage. Paying 1.1 % full coverage

[FBCK]

March as well, shopped it around two years ago COPA was close. 1981 M20k, $125,000 Gold wings plan cost $1800 with 320 hour pilot.

[Steve Dawson]

Kind of curious what rates are? I get mine from JL Davidson and Assoc in Ajax ON. I have a J with 210,000 coverage. Paying 1.1 % full coverage

I'm with Davidson also and am very happy with them. I've found them very knowledgeable with al aircraft and plans.

[Houman]

Thanks guys, I will give them all a shout and see how comes up with the best deal !!!

[Houman]

Thanks guys, I will give them a shout and let you guys know who gets the contract...

[yvesg]

I just got my renewal quote and I am not happy. $200 more than last year. I will ask for quotes from other brokers.

Might just be caused by weak Canadian dollar.

Yves

[Houman]

Yves, Marsh was quite expensive, I still have 2 quotes to receive, but till now, it looks like COPA is the best deal for me, last year they didn't want to even insure me because I had no time on the Rocket, now with 65h on it, they are the best price wise.

[yvesg]

Just got the COPA (Magnes) quote. It is $100 more than Marsh. Awaiting for EAA Canada now. Will post results when I get it.

Is there other brokers I should contact?

Yves

[Houman]

I used Charette Aviation here, my insurance is with Alianz trough them.

[yvesg]

Got most of the quotes in now. My Hull value is $65K, 1 million liability. There are some variations for deductible here and there but I am not taking this into account. Prices are BASE TAX TOTAL

Marsh

$1534 $138 $1672

COPA (Magnes)

$1653 $148 $1801

Charette

$1378 $124 $1542 (they have a $40 admin fee)

EAA

$1323 $119 $1442

Still waiting for a quote... however looks like I will go with EAA this year if they don't get beat.

I went with Marsh 2 years ago because they were really cheaper than the others after being with Magnes for many years. Is it me, but I believe if you don't shop around this will keep going up until you realize they charge you more than what you should pay?

Yves

[Houman]

Yves, do you have a phone number for the EAA insurance, I'm in the states right now, but I will call them up when I'm back !

 

Thanks !

[yvesg]

I did all this online. Their web site: http://www.eaainsurance.ca

If you need their phone number send me an email at yvesg@semo.ca and in my reply I'll forward the contact info I have from them to you.

Yves

[Cyril Gibb]

Yves, I had a prop strike in April, stupidly taxiing into soft grass due to a brain fart. The deductible can make a huge difference. I'm glad I paid the additional premium (to me) to keep that cost down. The deductable factor shouldn't be minimised.

I prefer a known annual small hit to a potential unknown massive one. I'm risk averse. YMMV

[yvesg]

Yves, I had a prop strike in April, stupidly taxiing into soft grass due to a brain fart. The deductible can make a huge difference. I'm glad I paid the additional premium (to me) to keep that cost down. The deductable factor shouldn't be minimised.

I prefer a known annual small hit to a potential unknown massive one. I'm risk averse. YMMV

This varies a bit between quotes. The cheapest has $500 deductible. There was another one where the deductible is $1000 but if your claim is > $1000, the deductible is void, which means they just don't want to hear from you for small things.

$500 deductible is OK for me. This will not break the bank.

Yves

[yvesg]

I sent an email to Marsh to see if they can match the price I got from Nacora (EAA Canada insurance broker) and the reply came that they cannot. So I will switch to the EAA offering for this year. I am planning to continue being EAA member (Required for camping at OSH) anyway so this does not make any difference.

Strangely enough, the quote from COPA is the highest of all. I did check last year if using discounts provided by the membership are worth it and they were not. I will not renew my membership.

Yves