Randy A Posted April 2, 2018 Report Share Posted April 2, 2018 Any advice in acquiring insurance for my new to me (if I buy it, still thinking) M20F? I’ve owned two aircraft previously but this will be my first retractable. I expect to be scalped, but more concerned about the amount of dual they will require. Is there a strategy? Thanks! Quote Link to comment Share on other sites More sharing options...
kpaul Posted April 2, 2018 Report Share Posted April 2, 2018 1 minute ago, Randy A said: Any advice in acquiring insurance for my new to me (if I buy it, still thinking) M20F? I’ve owned two aircraft previously but this will be my first retractable. I expect to be scalped, but more concerned about the amount of dual they will require. Is there a strategy? Thanks! I would say shop around. I have heard (on this site) anywhere from a checkout ride to 10 hours dual and 10 solo. A lot depends on experience and the underwriter. Quote Link to comment Share on other sites More sharing options...
ragedracer1977 Posted April 2, 2018 Report Share Posted April 2, 2018 I had 80 hrs TT, zero in a Mooney. They wanted 5 with an instructor and 5 solo. Insurance was about $1500 annual. Waiting to see how this years turns out. 260 TT, 180 in a Mooney and also earned my instrument rating Quote Link to comment Share on other sites More sharing options...
RLCarter Posted April 2, 2018 Report Share Posted April 2, 2018 Try Falcon Ins. they gave a buddy his best deal, I'm going over to them in the near future, @ragedracer1977 the IR helps a bunch on ins along with the hours Quote Link to comment Share on other sites More sharing options...
gsxrpilot Posted April 2, 2018 Report Share Posted April 2, 2018 40 minutes ago, ragedracer1977 said: I had 80 hrs TT, zero in a Mooney. They wanted 5 with an instructor and 5 solo. Insurance was about $1500 annual. Waiting to see how this years turns out. 260 TT, 180 in a Mooney and also earned my instrument rating I'd wager you get a 50% cut. The retract time and IFR will make the difference. Quote Link to comment Share on other sites More sharing options...
carusoam Posted April 2, 2018 Report Share Posted April 2, 2018 First year costs an extra amu, than Second year... No mooney time, expect 10 hrs dual, 10hrs solo... Expect lots of variations on this theme. Fot your own requirements, select a good Transition Trainer to show you all the ropes efficiently... PP thoughts only not a CFI... Best regards, -a- Quote Link to comment Share on other sites More sharing options...
skydvrboy Posted April 3, 2018 Report Share Posted April 3, 2018 I used Falcon based on a recommendation from my CFI for my M20F. I had around 100 hrs all in a Warrior. Cost was $1500/yr and they required 10/10 dual/solo insured through Starr, FWIW. Quote Link to comment Share on other sites More sharing options...
Kmac Posted April 3, 2018 Report Share Posted April 3, 2018 (edited) Flew my C home from Texas two weeks ago. Had 200 hrs TT 10 hrs retract 0 hrs Mooney. Got a few quotes...two required 5 dual and 5 solo. The cheapest and the one I went with required only a checkout (got signed off in 3 hrs) and 10 hours in type before passengers. I got the checkout and have flown it 13 hours since then. It was Falcon that I went with...they are a broker the actual company is Global Aerospace. I also got the same quote through AOPA but the person at Falcon was more responsive. $1,900 for the year. Edited April 3, 2018 by Kmac addition Quote Link to comment Share on other sites More sharing options...
DualRatedFlyer Posted April 3, 2018 Report Share Posted April 3, 2018 Purchased my M20F this year with an 80k hull value. I am a CFI in Rotary Wing and Fixed wing with probably around 1200 hours. 0 hours in Mooney at purchase. My experience may differ from others, but I could never get Falcon to respond to calls in a timely manner. I found an insurance broker who is a joy to work with and always super responsive day or night. My insurance is through QBE and my yearly cost is $1400 - but I only deal with my broker when I need something. 1 Quote Link to comment Share on other sites More sharing options...
chrisk Posted April 3, 2018 Report Share Posted April 3, 2018 I just renewed. $1200 with a $95K hull value. IFR, around 100 hours a year, 400 or so in Mooneys, around 600 in airplanes. Had a not in motion hail claim from 2.5 years ago. I went through AOPA and Global Aerospace. 1 Quote Link to comment Share on other sites More sharing options...
Bob_Belville Posted April 3, 2018 Report Share Posted April 3, 2018 I had to leave Falcon to get a good renewal rate 2 months ago. $900 premium for $95k hull, no deductible. (I have IR and over 3000 retractable, over 2750 hours in make and model but with a gear up claim from 8/14 that Falcon's underwriters were all still factoring in.) Shop around, It's supposed to be a good market, at least for higher time pilots. Quote Link to comment Share on other sites More sharing options...
neilpilot Posted April 3, 2018 Report Share Posted April 3, 2018 36 minutes ago, Bob_Belville said: Shop around, It's supposed to be a good market, at least for higher time pilots. Yes, but I very recently read that the market is about to turn and expect higher premiums very soon. 1 Quote Link to comment Share on other sites More sharing options...
Bartman Posted April 3, 2018 Report Share Posted April 3, 2018 Renewed today thru AOPA/Global Aerospace. $95K Hull, No deductible, Instrument Rated, little over 1,000hrs in this Mooney, no claims, no violations. $1,065 Quote Link to comment Share on other sites More sharing options...
1964-M20E Posted April 3, 2018 Report Share Posted April 3, 2018 It will creep down a bit as time goes on. Go fly some retracts now before you get your plane it will help on the insurance. Go for the maximum amount of hull insurance you can reasonably get without being too over insured. You want to make sure a small thing doesn't total your plane especially if an older model. Quote Link to comment Share on other sites More sharing options...
KLRDMD Posted April 3, 2018 Report Share Posted April 3, 2018 4 hours ago, neilpilot said: Yes, but I very recently read that the market is about to turn and expect higher premiums very soon. Already has :-( 1 Quote Link to comment Share on other sites More sharing options...
LANCECASPER Posted April 4, 2018 Report Share Posted April 4, 2018 12 hours ago, DualRatedFlyer said: I found an insurance broker who is a joy to work with and always super responsive day or night. Who is your new broker? Quote Link to comment Share on other sites More sharing options...
Guest Posted April 4, 2018 Report Share Posted April 4, 2018 You guys are killing me with your low rates. $3200/ years @ $200,000 Hull. Clarence Quote Link to comment Share on other sites More sharing options...
1964-M20E Posted April 4, 2018 Report Share Posted April 4, 2018 2 hours ago, M20Doc said: You guys are killing me with your low rates. $3200/ years @ $200,000 Hull. Clarence Nothing you don't already know but hull value is where its at. I pay about 1/3 what you pay but my hull is insured for about 1/3 of yours as well. Quote Link to comment Share on other sites More sharing options...
mike_elliott Posted April 4, 2018 Report Share Posted April 4, 2018 2 hours ago, M20Doc said: You guys are killing me with your low rates. $3200/ years @ $200,000 Hull. Clarence But Clarence, that Canadian $$ (Let me know if you and Stewie are coming to SNF) Quote Link to comment Share on other sites More sharing options...
Wayne Cease Posted April 4, 2018 Report Share Posted April 4, 2018 You guys are killing me with your low rates. $3200/ years @ $200,000 Hull. Clarence You have maybe four times the hull value of a C. The other thing I don't see is the amount of liability people are carrying. That can make a big difference in the cost.Sent from my SM-G950U using Tapatalk Quote Link to comment Share on other sites More sharing options...
DualRatedFlyer Posted April 4, 2018 Report Share Posted April 4, 2018 7 hours ago, LANCECASPER said: Who is your new broker? Shannon D. Guidry Manager/Agent Mid-Continent Aircraft Corp. Louisiana Insurance Division P.O. Box 187, Estherwood, LA 70534 (800)280-2884 Toll Free (337)783-7366 Phone (337)783-5526 Fax (337)224-0782 Cell Quote Link to comment Share on other sites More sharing options...
Bob_Belville Posted April 4, 2018 Report Share Posted April 4, 2018 29 minutes ago, mike_elliott said: But Clarence, that Canadian $$ (Let me know if you and Stewie are coming to SNF) Yeah, but I suppose the 200k hull value is CAD also... Quote Link to comment Share on other sites More sharing options...
steingar Posted April 4, 2018 Report Share Posted April 4, 2018 Says me get ready to bend over and take it like a man. Quote Link to comment Share on other sites More sharing options...
J0nathan225 Posted April 4, 2018 Report Share Posted April 4, 2018 I'm getting quotes of 2350 for a M20E. I only have 50 F/W hours no complex, they apparently don't care about 700 R/W hours the slightest. 5/5 for checkout. Maybe AOPA comes back with something lower. Quote Link to comment Share on other sites More sharing options...
MB65E Posted April 4, 2018 Report Share Posted April 4, 2018 Nice to see all of these new acquisitions!! Try Falcon. -Matt 1 Quote Link to comment Share on other sites More sharing options...
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