hammdo Posted July 7, 2020 Report Share Posted July 7, 2020 What are you folks doing if you can’t get hull coverage? I’m in that boat after my off field landing/total. Starr has me covered for rentals but said they won’t cover me for a new plane/hull now — ouch ;o( -Don 2 Quote Link to comment Share on other sites More sharing options...
MIm20c Posted July 7, 2020 Report Share Posted July 7, 2020 28 minutes ago, hammdo said: What are you folks doing if you can’t get hull coverage? I’m in that boat after my off field landing/total. Starr has me covered for rentals but said they won’t cover me for a new plane/hull now — ouch ;o( -Don This is one of the reasons I thought long and hard about putting hull coverage on my C. If anything happens the payout vs parting it out would be minimal. It could also ruin my chance of getting reasonable (if at all) coverage on a more expensive plane to replace it. Quote Link to comment Share on other sites More sharing options...
hammdo Posted July 7, 2020 Report Share Posted July 7, 2020 Yeah, that is what I’m thinking - no hull - just liability and not in motion... -Don Quote Link to comment Share on other sites More sharing options...
mike_elliott Posted July 7, 2020 Report Share Posted July 7, 2020 Far be it from me to expertly opine in an insurance recommendation, yet I see so many people have under insured their particular situation. Parker can give professional advice, and I strongly recommend liability coverage that would protect your ass(ets). For Most pilots a 1M/100,000 sub limit policy with a 5K medical is simply a drop in the bucket if things go pear shaped. The hull probably should be valued at whatever you would sell the plane for today. As pilots we are dutifully charged to mitigate risks, and as Mooney pilots, we are dutifully obligated to be ...errr...thrifty. Just dont bet your ass(ets) to achieve this. Quote Link to comment Share on other sites More sharing options...
hammdo Posted July 7, 2020 Report Share Posted July 7, 2020 I already have 1 million smooth policy outside of aviation coverage. I agree - max liability — FYI, I already started discussing this with Parker ;o) -Don Quote Link to comment Share on other sites More sharing options...
Parker_Woodruff Posted July 8, 2020 Report Share Posted July 8, 2020 9 hours ago, hammdo said: What are you folks doing if you can’t get hull coverage? I’m in that boat after my off field landing/total. Starr has me covered for rentals but said they won’t cover me for a new plane/hull now — ouch ;o( -Don Any other year this wouldn't be a problem. It's difficult now as things start contracting. If your current agent who has probably started canvassing the market can't find a solution with anyone, let me know. Quote Link to comment Share on other sites More sharing options...
Parker_Woodruff Posted July 8, 2020 Report Share Posted July 8, 2020 7 hours ago, hammdo said: I already have 1 million smooth policy outside of aviation coverage. I agree - max liability — FYI, I already started discussing this with Parker ;o) -Don And you're probably aware; but just for clarity, that umbrella policy probably excludes aviation. Quote Link to comment Share on other sites More sharing options...
hammdo Posted July 8, 2020 Report Share Posted July 8, 2020 Yes, that is excluded which is why I wanted to also get that with my policy... you’re right, it’s tough... -Don Quote Link to comment Share on other sites More sharing options...
Guest Posted July 8, 2020 Report Share Posted July 8, 2020 On 6/11/2020 at 3:34 PM, yvesg said: I decided to contact the broker I was with 4 years ago. The quote came back the same day at about $300 less than my current one. No higher deductible for hail and storm. I will switch back. Lesson learned: shop around. Yves Yves, Who did you switch to? Clarence Quote Link to comment Share on other sites More sharing options...
MATTS875 Posted July 8, 2020 Report Share Posted July 8, 2020 16 minutes ago, M20Doc said: Yves, Who did you switch to? Clarence I’m going with Parker. I told him what my renewal quote was and he was able to save me 30% off from what I was being quoted. Quote Link to comment Share on other sites More sharing options...
Guest Posted July 8, 2020 Report Share Posted July 8, 2020 1 hour ago, MATTS875 said: I’m going with Parker. I told him what my renewal quote was and he was able to save me 30% off from what I was being quoted. The Canada US border will eliminate that option! Clarence Quote Link to comment Share on other sites More sharing options...
yvesg Posted July 8, 2020 Report Share Posted July 8, 2020 1 hour ago, M20Doc said: Yves, Who did you switch to? Clarence Clarence, I went back to Marsh Canada. I was with them 4-5 years ago and had to switch to c-plan for sometime. I am saving near $300. The underwriter is XL Specialty Insurance Company. I think they are based in Toronto. Yves Quote Link to comment Share on other sites More sharing options...
Parker_Woodruff Posted July 8, 2020 Report Share Posted July 8, 2020 11 hours ago, M20Doc said: The Canada US border will eliminate that option! Clarence Sadly, yes. We are not set up to insure C-Registered aircraft unless it was based in the US under certain circumstances. However, after I saw how much Puerto Rico wants for insurance licensing, I'm wondering if Canada might be cheaper for us! Quote Link to comment Share on other sites More sharing options...
Missile=Awesome Posted July 11, 2020 Report Share Posted July 11, 2020 12% Increase with USAIG through Falcon. $120k Hull No deduct. 1M/100k. Based on market I am going to go quietly forward and hope for better days ahead. Quote Link to comment Share on other sites More sharing options...
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