Christmas Surprise?

[Stan]

It’s that time of year again.  I just sent in my renewal form for my insurance (hear we go again).  Let’s hope it is not the Christmas surprise I really didn’t expect.

Age is 72, with Basic Med., Commercial, ASEL, with Instrument.  Have a current Flight Review and IPC.  In the last 12 months I flew 103 hrs. (as of 11/17), 15.8 hrs. dual.  I have 246.5 hrs. M20J, 701.7 Complex, 1913.8 total time.

1989 M20J, hangared at KHEF,  KAP 150 AP, 530 WAAS, GI275 AI, GI 275 HIS, GPSS, Stormscope, CGR-30P, etc., etc..

Last year: $2,284.00, with $125,000.00 ground and flight, $1,000,000.00 each occurrence and $100,000.00 each passenger.  Some are just standard, but for discussion sake.  Last claim was 04/20/2009, $79,000.00 (report attached, if interested).

I think that covers everything, anyone have a guess as to the quote?

20090420 201JT.pdf

[201er]

58 minutes ago, Stan said:

Last year: $2,284.00, with $125,000.00 ground and flight, $1,000,000.00 each occurrence and $100,000.00 each passenger.  Some are just standard, but for discussion sake.  Last claim was 04/20/2009, $79,000.00 (report attached, if interested).

 

I think that covers everything, anyone have a guess as to the quote?

$1600 and an apology note for overcharging you so much last year with a check for a $700 rebate.

[flyboy0681]

My dreaded time of year is not December but November when my homeowners policy renews. Down here in FLA it runs in the many of thousands.

[RobertGary1]

Mine went down this year and I didn’t achieve any milestones.

[Stan]

Got my 2022 quote this week.

Premium went up $22.00.  $2306.00 for 2022 from $2284.00 for 2021.

Could be worse!

[PilotX]

Just submitted mine. Not due til March but they asked for the paperwork early. Fingers crossed that it is reasonable like yours. 

[ArtVandelay]

Mine went up 8.5%, it’s now 1.6% of hull value. No milestones, less than a 100 hours due to lack of longer cross country trips because of rental car issues.

[MikeOH]

Up $28 from last year.  I'm a pretty happy camper

The previous couple of years were NOT kind.

[Stan]

Have to agree with Mike, same scenario with me also.

[PilotX]

On 12/11/2021 at 2:49 PM, PilotX said:

Just submitted mine. Not due til March but they asked for the paperwork early. Fingers crossed that it is reasonable like yours. 

It appears that my insurance went down nearly 20%. Only difference is an extra 120 hours of Bravo time that I didn't have during the first quote period. Pleased. 

[Rwsavory]

Ours decreased by less than $100.  I guess we’ve reached the new normal for the time being. 

[carusoam]

Note for @Parker_Woodruff

No real issues until 80yrs…. Then things get challenging….

Best regards,

-a-

[Parker_Woodruff]

On 11/19/2021 at 7:49 AM, Stan said:

It’s that time of year again.  I just sent in my renewal form for my insurance (hear we go again).  Let’s hope it is not the Christmas surprise I really didn’t expect.

Age is 72, with Basic Med., Commercial, ASEL, with Instrument.  Have a current Flight Review and IPC.  In the last 12 months I flew 103 hrs. (as of 11/17), 15.8 hrs. dual.  I have 246.5 hrs. M20J, 701.7 Complex, 1913.8 total time.

1989 M20J, hangared at KHEF,  KAP 150 AP, 530 WAAS, GI275 AI, GI 275 HIS, GPSS, Stormscope, CGR-30P, etc., etc..

Last year: $2,284.00, with $125,000.00 ground and flight, $1,000,000.00 each occurrence and $100,000.00 each passenger.  Some are just standard, but for discussion sake.  Last claim was 04/20/2009, $79,000.00 (report attached, if interested).

I think that covers everything, anyone have a guess as to the quote?

20090420 201JT.pdf 1.76 MB · 51 downloads

You need to be with Global, USAIG, or Avemco at this point in the interest of coverage longevity.

[Stan]

I am and have been with Global.

Thanks

[Browncbr1]

mine went up 13%.. QBE non-renewed me, so the most competitive alternative was Old Republic.. 

both my insurance and my shade hangar are now almost double what they were in 2017.

Edited December 14, 2021 by Browncbr1

[Skates97]

Increased my hull coverage by $25k for additional avionics and a GFC500. Flew 170 hours and added on an instrument rating, decrease of 9.4% from 2020 rates.

[Browncbr1]

35 minutes ago, Skates97 said:

Increased my hull coverage by $25k for additional avionics and a GFC500. Flew 170 hours and added on an instrument rating, decrease of 9.4% from 2020 rates.

Who is the underwriter for 2020 and now?  What’s the Hull value and premium if you don’t mind asking?

Edited December 14, 2021 by Browncbr1

[Skates97]

24 minutes ago, Browncbr1 said:

Who is the underwriter for 2020 and now?  What’s the Hull value and premium if you don’t mind asking?

Old Republic both years

2020 - $75k hull - $2053 Premium
2021 - $100k hull - $1860 Premium

[Browncbr1]

1 hour ago, Skates97 said:

Old Republic both years

2020 - $75k hull - $2053 Premium
2021 - $100k hull - $1860 Premium

That explains, my premium with QBE was lower.  $80k/$1516.  Right now I have ground only until the new engine goes in.  I’m thinking of upping the Hull value up around $120k when the engine goes in