Insurance Question

[Skyatty]

I received a good quote today for a new policy from Chartis Aerospace Insurance Managers (formerly AIG, I believe).  Anyone have any experience with the company concerning handling of claims?  Seems to be a solid company.

[MooneyMitch]

I also received a very good quote from Chartis.  I informed my AOPA Ins. rep. and AOPA honored the Chartis quote.............very interesting! 

[jax88]

That's good to know, I just got my AOPA quote.  I think I'll run it by Chartis.

[jetdriven]

Who is the underwriter for AOPA? I dont think they are insuring aircraft themselves.  AOPA financing is just plain old Bank of America and what you'd expect from them, I am shocked AOPA offers this with their name on it. The AOPA rep even agreed with us.

[MooneyMitch]

Quote: jax88

That's good to know, I just got my AOPA quote.  I think I'll run it by Chartis.

[Parker_Woodruff]

Quote: Skyatty

I received a good quote today for a new policy from Chartis Aerospace Insurance Managers (formerly AIG, I believe).  Anyone have any experience with the company concerning handling of claims?  Seems to be a solid company.

[Parker_Woodruff]

Quote: jax88

That's good to know, I just got my AOPA quote.  I think I'll run it by Chartis.

[John Pleisse]

I just renewed with Falcon and got a million smooth with USAIG, $165k haul for right around $2k. I had one claim with USAIG, no hitches ($7,000 claim for hangar rash). AOPA and Avemco have always been over-the-top over priced in the market place. Like not even close to other insurers.

[Parker_Woodruff]

Quote: N4352H

I just renewed with Falcon and got a million smooth with USAIG, $165k haul for right around $2k. I had one claim with USAIG, no hitches ($7,000 claim for hangar rash). AOPA and Avemco have always been over-the-top over priced in the market place. Like not even close to other insurers.

[Skyatty]

Thanks all.  Good information.  Parker, as always, you got the goods!  

[Parker_Woodruff]

Quote: Skyatty

Thanks all.  Good information.  Parker, as always, you got the goods!  

[outermarker]

I bought through Leading Edge Insurance, www.aviationinsurors.com and have used Rose Marie for several years now. She gave me quotes from Chartis, Starr and Britt/Paulk Insurance. Chartis was higher than the other two, however, I knew more about Chartis and went with them. The difference was a little more than $100 between them. Oh yeah, also, Chartis offers a 5% discount if you are an AOPA member. The savings should equal the cost of the AOPA membership....I had a claim with Starr a half dozen years ago with a Luscombe ( I wasn't the pilot, just the owner) and the claim was paid within a few days.....no questions asked.

[N5MD]

I've done some shopping for insurance for my 1966 M20C.  Hull valued at $60,000 with liability limits at $1 million per occurrence / $100,000 per passenger.  All the quotes have the same limits of liability and hull value.  Medical benefits vary a little between each one but most are either $3,000 or $5,000.

The quotes below reflect those limits.

 

            Avemco                        $1,696              $300 not in motion / $300 in motion

            Chartis / Aerospace       $1,067              $0 deductibles

            Global Aerospace          $1,078              $50 not in motion / $250 in motion

            Phoenix Aviation            $1,298              $0 not in motion / $200 in motion

            Starr Aviation                 $1,067              $0 deductibles

            US AIG                         $1,276              $0 deductibles

            US Specialty                 Declined to quote – quoted to another broker

            London Aviation             Waiting for quote

 

[drapo]

Quote: N5MD

I've done some shopping for insurance for my 1966 M20C.  Hull valued at $60,000 with liability limits at $1 million per occurrence / $100,000 per passenger.  All the quotes have the same limits of liability and hull value.  Medical benefits vary a little between each one but most are either $3,000 or $5,000.

 

And what are the pilot Total Time and Retractable Time ?

[Hank]

N5MD's quotes are in line with what I'm paying with my local broker, at least since I got my Instrument Rating. First year, 62 hours, 0 complex, was bad; 2nd year, 100 Mooney hours, ~170 TT, was $1600; now with IA, it's running about $1300. I'm happy.

[KLRDMD]

Quote: Hank

N5MD's quotes are in line with what I'm paying with my local broker, at least since I got my Instrument Rating. First year, 62 hours, 0 complex, was bad; 2nd year, 100 Mooney hours, ~170 TT, was $1600; now with IA, it's running about $1300. I'm happy.

[TonyPynes]

Anyone have experience with HCC?

[outermarker]

I have no experience with that company/broker.

[TonyPynes]

AUA is the broker but HCC was the insurance company. high premium but low requirements for a new pilot.

[Parker_Woodruff]

Quote: AustinPynes

Anyone have experience with HCC?

[John Pleisse]

Quote: N5MD

I've done some shopping for insurance for my 1966 M20C.  Hull valued at $60,000 with liability limits at $1 million per occurrence / $100,000 per passenger.  All the quotes have the same limits of liability and hull value.  Medical benefits vary a little between each one but most are either $3,000 or $5,000.

The quotes below reflect those limits.

 

            Avemco                        $1,696              $300 not in motion / $300 in motion

            Chartis / Aerospace       $1,067              $0 deductibles

            Global Aerospace          $1,078              $50 not in motion / $250 in motion

            Phoenix Aviation            $1,298              $0 not in motion / $200 in motion

            Starr Aviation                 $1,067              $0 deductibles

            US AIG                         $1,276              $0 deductibles

            US Specialty                 Declined to quote – quoted to another broker

            London Aviation             Waiting for quote

 

[TonyPynes]

Just got a quote via AOPA - Chartis, 1592.00 for new pilot(104 total/14complex) with no hours in model hours. 10 hours dual and 10 hours solo requirements - pretty reasonable.

[Hank]

That sounds pretty decent, Austin. It won't hurt to ask a local broker, too. Fellow pilots can always recommend one. I bought my plane half at a time, so it came with an existing policy and now it's only me.

[TonyPynes]

First choice was local broker but money is money.

[Hank]

I heard that! Been with the local guy four years, and beat Avemco's price this year by 40%. Haven't tried AOPA or Falcon yet . . . But I figure the savings against Avemco will almost pay for my owner-assisted annual this fall. My broker gave me four quotes, three within $40, one a couple hundred higher, then my call to Avemco [never got the hat] at $850 higher.