mooneyman Posted March 15, 2017 Author Report Posted March 15, 2017 18 minutes ago, gsengle said: Have to know the insured hull value to compare Sent from my iPhone using Tapatalk Insured Hull $180K Quote
AH-1 Cobra Pilot Posted March 15, 2017 Report Posted March 15, 2017 43 minutes ago, Bennett said: Well I have a hard deck occurring on my 85th birthday, no matter the state of my health, at which point I will stop flying, sell my airplane and move on. I hope you do not. My dad is 85, and I foresee him flying for at least another 10 years. He only has 5000+ hours, though, all in GA. Quote
Jerry 5TJ Posted March 15, 2017 Report Posted March 15, 2017 M20R Insurance: I carry all the smooth coverage I can get. $2M smooth seems the max available for single engine piston planes. 1 Quote
PTK Posted March 15, 2017 Report Posted March 15, 2017 1 million smooth, 125K hull, $1365. Down 70$ from last year. Quote
DonMuncy Posted March 15, 2017 Report Posted March 15, 2017 As I understand it, it is just AIG. 1 Quote
Pritch Posted March 15, 2017 Report Posted March 15, 2017 5 hours ago, RobertGary1 said: Who is the insurer though? -Robert Starr Aviation Quote
gsengle Posted March 16, 2017 Report Posted March 16, 2017 Insured Hull $180K And maybe I missed it what's the premium?Sent from my iPhone using Tapatalk Quote
mooneyman Posted March 16, 2017 Author Report Posted March 16, 2017 56 minutes ago, gsengle said: And maybe I missed it what's the premium? Sent from my iPhone using Tapatalk AIG Aerospace - $3590 Quote
gsengle Posted March 16, 2017 Report Posted March 16, 2017 That's the ridiculous one I hope!Sent from my iPhone using Tapatalk Quote
mooneyman Posted March 16, 2017 Author Report Posted March 16, 2017 1 minute ago, gsengle said: That's the ridiculous one I hope! Sent from my iPhone using Tapatalk Yes! It's way out of line with others. They obviously don't want to be involved with GA coverage anymore. 1 Quote
Ned Gravel Posted March 16, 2017 Report Posted March 16, 2017 Just renewed with Allianz Global Risks US and the cost went down $200.00. Don't get it. Quote
gsengle Posted March 16, 2017 Report Posted March 16, 2017 Yes! It's way out of line with others. They obviously don't want to be involved with GA coverage anymore. My coverage and hull is similar and I pay about 2k w/ 800hours, 600 complex 300hp, instrument rated....Sent from my iPhone using Tapatalk Quote
KLRDMD Posted March 16, 2017 Report Posted March 16, 2017 5 hours ago, BradB said: I just renewed mine this month after one year of ownership. M20TN. About 120 hours in it this year. Now over 500 total time. My policy was 1m/100k $500 deductible in motion and parked with war and terrorism coverage. The new offer was 1000.00 less for the same policy or 500.00 less if I switched to 1m smooth. (I am instrument rated. Have not attended MAPA yet) The price difference between sub-limits and smooth coverage for me is about $200/yr so I stick with smooth. Quote
Wildhorsesracing Posted March 16, 2017 Report Posted March 16, 2017 Mine went down ~$100 this year - but that was because I added 50 hrs of tailwheel and 15 hrs of aerobatic/unusual attitudes/spin training. Quote
RobertGary1 Posted March 16, 2017 Report Posted March 16, 2017 6 hours ago, DonMuncy said: As I understand it, it is just AIG. I thought they became Chartis. -Robert Quote
mooneyman Posted March 16, 2017 Author Report Posted March 16, 2017 14 hours ago, gsengle said: My coverage and hull is similar and I pay about 2k w/ 800hours, 600 complex 300hp, instrument rated.... Sent from my iPhone using Tapatalk Quote from Old Repuplic came in about 2K. Starr was about $2300. I almost fell out of my chair when I saw the quote from AIG for $3590. Quote
mooneyman Posted March 16, 2017 Author Report Posted March 16, 2017 9 hours ago, RobertGary1 said: I thought they became Chartis. -Robert Chartis rebranded as AIG in 2012. Quote
gsengle Posted March 16, 2017 Report Posted March 16, 2017 Anyone have any experience how a MAPA PPP helped your premium?Sent from my iPhone using Tapatalk Quote
peevee Posted March 16, 2017 Report Posted March 16, 2017 we pay about 3800 a year with 3 named pilots. One is unfortunately low time in type and low in retract. Hoping that changes soon. 160k hull, 1mil Quote
carusoam Posted March 16, 2017 Report Posted March 16, 2017 (edited) 3 hours ago, gsengle said: Anyone have any experience how a MAPA PPP helped your premium? Sent from my iPhone using Tapatalk GS, I asked my insurance agent when getting the CFII named. They were familiar with MAPA, And MAPA gives you the questions to ask to make sure they/their pilots are covered... overall, the training makes you a lower risk. Taking risk out of the equation is good.... Best regards, -a- Edited March 16, 2017 by carusoam Quote
Oldguy Posted March 16, 2017 Report Posted March 16, 2017 4 hours ago, gsengle said: Anyone have any experience how a MAPA PPP helped your premium? Sent from my iPhone using Tapatalk After I went to the KCHA PPP in 2015 my insurance dropped ~$500 from $1525 to $1050 on my '84 J. Specifics are hull $95K, $1MM liability, $5K medical per person, deductibles $250 IM/$50 NIM, but included a change in companies. Was USIS and went to Global. Coming up for renewal the end of next month, so I will see what changes. 1 Quote
RobertGary1 Posted March 17, 2017 Report Posted March 17, 2017 On 3/16/2017 at 11:35 AM, carusoam said: GS, I asked my insurance agent when getting the CFII named. They were familiar with MAPA, And MAPA gives you the questions to ask to make sure they/their pilots are covered... overall, the training makes you a lower risk. Taking risk out of the equation is good.... Best regards, -a- It also greatly depends on your hull value and your current risk level. My hull is under 100K and I'm considered high time so there really isn't anything I can do that will reduce my rates noticeably other than shopping companies. At a certain point there just isn't enough premium left for them to consider discounting. -Robert 1 Quote
gsengle Posted March 17, 2017 Report Posted March 17, 2017 I should have added my commercial as well as done one MAPA PPP in this renewal year, but was already pretty high time, so we shall see!Sent from my iPhone using Tapatalk Quote
carusoam Posted March 17, 2017 Report Posted March 17, 2017 Robert, I think I may have mixed two different ideas... 1) Naming CFIIs on the insurance. Which I have done with low time in the long body... and after an extended illness, getting back in the saddle... 2) Getting a decent discount. First year with the long body cost me an extra AMU. A month of experience would have eliminated the extra cost. But there is no way to get the first month without paying full price of insurance. There is no renegotiating the price mid term... I am only a PP. I don't have work related aviation experience. Best regards, -a- Quote
peevee Posted March 18, 2017 Report Posted March 18, 2017 2 hours ago, carusoam said: Robert, I think I may have mixed two different ideas... 1) Naming CFIIs on the insurance. Which I have done with low time in the long body... and after an extended illness, getting back in the saddle... 2) Getting a decent discount. First year with the long body cost me an extra AMU. A month of experience would have eliminated the extra cost. But there is no way to get the first month without paying full price of insurance. There is no renegotiating the price mid term... I am only a PP. I don't have work related aviation experience. Best regards, -a- Listing a cfii to reduce the premium? Doesn't work that way for us. We have one CFI, one cfii, and a ppl on the policy and the lowest common denominator drives the premium. Quote
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