65MooneyPilot Posted January 28, 2021 Report Posted January 28, 2021 I just recently found out that the Insurance starts going up on retractable gear airplanes when you hit 70 years of age. So I was thinking I would convert my E to a D to keep the plane and get the lower insurance rate. I would rather keep my Mooney than have to sell it and buy a fixed gear. I just read a 2018 post that D models were C’s however when you look at the parts manual it appears the parts would fit an E model. I have 5 years to think about it. What do you guys think? Quote
Prior owner Posted January 28, 2021 Report Posted January 28, 2021 I’m sure there would be somebody out there with a Fixed gear D who would love trade you his 180 hp engine, fixed pitch prop, cowling and stuck gear - for your engine, prop, cowling, and complete retract system.... 1 Quote
takair Posted January 28, 2021 Report Posted January 28, 2021 It is an interesting thought! You might check with your insurance company if insurance for such a one off aircraft would be reasonable. You may find it harder to insure than what you have already. Perhaps @Parker_Woodruff is around to chime in. He discussed some strategies in another thread, where a friend lost hull coverage due to age 80. Quote
Parker_Woodruff Posted January 28, 2021 Report Posted January 28, 2021 You’d never make the saved premium back that you’d have to spend for a field approved conversion like that. And there is no fixed gear M20E in the underwriting tables...so you might not even get a better rate. Just be with the right insurance company at age 68 and re-evaluate with your broker at age 74. 3 1 Quote
65MooneyPilot Posted January 29, 2021 Author Report Posted January 29, 2021 Thanks for the thoughtful information. Quote
Keith20EH Posted January 29, 2021 Report Posted January 29, 2021 Self Insure, and stop letting the insurance companies spoil your fun! Quote
kerry Posted January 29, 2021 Report Posted January 29, 2021 Skip the hull coverage and get a quote for liability. 3 Quote
1964-M20E Posted January 30, 2021 Report Posted January 30, 2021 17 hours ago, kerry said: Skip the hull coverage and get a quote for liability. maybe skip the in motion hull coverage. That way your hull is covered when sitting at the hangar I would wait 5 years and see what the insurance company says at that point. 1 Quote
MBDiagMan Posted January 31, 2021 Report Posted January 31, 2021 Yes, my insurance skyrocketed last year, but trading planes due to insurance cost seems to me a bit of a radical move. Quote
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