PT20J Posted December 11, 2023 Report Share Posted December 11, 2023 One thing that may help is flying more. In chatting with the adjuster over my nose gear damage claim (caused by an FBO) he told me that they really like to see >100 hrs/yr. Quote Link to comment Share on other sites More sharing options...
Shadrach Posted December 11, 2023 Report Share Posted December 11, 2023 3 hours ago, Stan said: I also asked for a quote for a $150, 000 hull, it came in at $3,435.00 I think that is very reasonable in todays market. 1 Quote Link to comment Share on other sites More sharing options...
PT20J Posted December 11, 2023 Report Share Posted December 11, 2023 I'm paying $4106 for $250K hull and $1MM smooth liability. Quote Link to comment Share on other sites More sharing options...
MikeOH Posted December 11, 2023 Report Share Posted December 11, 2023 21 minutes ago, PT20J said: I'm paying $4106 for $250K hull and $1MM smooth liability. Any feel for how much is due to ‘smooth?’ Quote Link to comment Share on other sites More sharing options...
PT20J Posted December 11, 2023 Report Share Posted December 11, 2023 1 hour ago, MikeOH said: Any feel for how much is due to ‘smooth?’ Hull is $3443 Liability is $663 $1,000,000/100,000 would have been $338 lower. I think that shows you where the insurance company thinks their exposure is. Parker asked them if there was anything that would bring the rate down and the answer was, "Sorry, no The gear ups are killing us." Skip 1 Quote Link to comment Share on other sites More sharing options...
Ragsf15e Posted December 11, 2023 Report Share Posted December 11, 2023 2 hours ago, MikeOH said: Any feel for how much is due to ‘smooth?’ It doesn’t cost much more but there can be stipulations with smooth. I asked about it this year and it was only a few hundred bucks but it required a yearly ipc in type. Not a huge deal, but it’s there. 1 Quote Link to comment Share on other sites More sharing options...
PT20J Posted December 12, 2023 Report Share Posted December 12, 2023 USAIG didn’t require an IPC, but applied a discount for having one. Quote Link to comment Share on other sites More sharing options...
Jetpilot86 Posted December 12, 2023 Report Share Posted December 12, 2023 My first policy on my Bravo was $2900. $215k/$1M. I had a check out in M/M and 60 short body time from 30 years ago. 59 w/15000TT, but no GA since ‘95. Looks like I’ll be making sure to get 100 in tail this year! Quote Link to comment Share on other sites More sharing options...
Fly Boomer Posted December 12, 2023 Report Share Posted December 12, 2023 On 12/10/2023 at 12:38 PM, Stan said: I will be 75 in April, Commercial, Instrument with IPC, Current Biannual, 2064.3 total hours, 83.2 hrs last 12 months, around 90 hrs per yr, 398.4 time in type, 851.8 complex. One accident: 04/25/09: total loss of N201JT Mooney valued at $79k, USAIG pd engine failure on takeoff. I attached the write-up from MAPA Log Jan 2010. 1989 M20J (201), N1013U, 1436.5 TSMOH, 3030.1 ACTT, Insured for $125,000, You have no idea what blessings have been heaped upon you. 1 Quote Link to comment Share on other sites More sharing options...
Jrags Posted December 12, 2023 Report Share Posted December 12, 2023 This may be blasphemous but last month I paid $65k for my M20G. I'm 67 now and the insurance cost for $65k hull and liability was $4900. I paid it thinking if I was going to have an accident it would be in the first year. However, I can afford a total loss of my plane and it is fully paid for. Would it be so outrageous for me to drop my insurance after owning the plane for a year? Then the "requirements" dictated by the insurance companies would be moot. Quote Link to comment Share on other sites More sharing options...
toto Posted December 12, 2023 Report Share Posted December 12, 2023 15 minutes ago, Jrags said: This may be blasphemous but last month I paid $65k for my M20G. I'm 67 now and the insurance cost for $65k hull and liability was $4900. I paid it thinking if I was going to have an accident it would be in the first year. However, I can afford a total loss of my plane and it is fully paid for. Would it be so outrageous for me to drop my insurance after owning the plane for a year? Then the "requirements" dictated by the insurance companies would be moot. Even if you don’t carry coverage for your airframe, I would think you’d want liability coverage. It’s going to be a lot more than $65k if you taxi into a Gulfstream or whatever 3 Quote Link to comment Share on other sites More sharing options...
Jetpilot86 Posted December 12, 2023 Report Share Posted December 12, 2023 1 hour ago, Jrags said: This may be blasphemous but last month I paid $65k for my M20G. I'm 67 now and the insurance cost for $65k hull and liability was $4900. I paid it thinking if I was going to have an accident it would be in the first year. However, I can afford a total loss of my plane and it is fully paid for. Would it be so outrageous for me to drop my insurance after owning the plane for a year? Then the "requirements" dictated by the insurance companies would be moot. Maybe Hull, NEVER liability for the reasons listed. 1 Quote Link to comment Share on other sites More sharing options...
Parker_Woodruff Posted December 12, 2023 Report Share Posted December 12, 2023 2 hours ago, Jrags said: This may be blasphemous but last month I paid $65k for my M20G. I'm 67 now and the insurance cost for $65k hull and liability was $4900. I paid it thinking if I was going to have an accident it would be in the first year. However, I can afford a total loss of my plane and it is fully paid for. Would it be so outrageous for me to drop my insurance after owning the plane for a year? Then the "requirements" dictated by the insurance companies would be moot. Lower pilot experience? Rate should go down substantially with more pilot experience. 1 Quote Link to comment Share on other sites More sharing options...
Pinecone Posted December 12, 2023 Report Share Posted December 12, 2023 19 hours ago, PT20J said: I'm paying $4106 for $250K hull and $1MM smooth liability. What company is writing 1M smooth??? Quote Link to comment Share on other sites More sharing options...
PT20J Posted December 12, 2023 Report Share Posted December 12, 2023 2 hours ago, Pinecone said: What company is writing 1M smooth??? USAIG last four years. But, I also have had it from Allianz Global and Old Republic. Quote Link to comment Share on other sites More sharing options...
jetdriven Posted December 12, 2023 Report Share Posted December 12, 2023 Old Republic just offered smooth limits to us Quote Link to comment Share on other sites More sharing options...
kortopates Posted December 12, 2023 Report Share Posted December 12, 2023 As far as i know, they all offer it except for only Avemco. But they all have additional requirements which may only be sufficient time in type. I’ve only seen annual IPC’s required for more than 1 mill smooth or for older pilots. Sent from my iPhone using Tapatalk Quote Link to comment Share on other sites More sharing options...
Mac80 Posted December 22, 2023 Report Share Posted December 22, 2023 On 12/10/2023 at 9:24 PM, ArtVandelay said: Did your friend consider just liability insurance? I think it would be just a few hundred? I did not ask. I am not sure how much good it will be if there is truly a big event. I am afraid the 100,000 per person that mine has will not be near what will happen if a fault is determined. Quote Link to comment Share on other sites More sharing options...
Schllc Posted December 22, 2023 Report Share Posted December 22, 2023 On 12/12/2023 at 1:04 PM, kortopates said: As far as i know, they all offer it except for only Avemco. But they all have additional requirements which may only be sufficient time in type. I’ve only seen annual IPC’s required for more than 1 mill smooth or for older pilots. Sent from my iPhone using Tapatalk I have 1000 hours in type and I’m only 54 and they still require me to have an IPC every 12 months. Quote Link to comment Share on other sites More sharing options...
kortopates Posted December 23, 2023 Report Share Posted December 23, 2023 21 hours ago, Schllc said: I have 1000 hours in type and I’m only 54 and they still require me to have an IPC every 12 months. May I ask which underwriter? Quote Link to comment Share on other sites More sharing options...
Schllc Posted December 23, 2023 Report Share Posted December 23, 2023 Old republic. it doesn’t bother me because I do them every six months anyway. Quote Link to comment Share on other sites More sharing options...
MikeOH Posted December 23, 2023 Report Share Posted December 23, 2023 8 minutes ago, Schllc said: Old republic. it doesn’t bother me because I do them every six months anyway. What coverage limits do you have? Quote Link to comment Share on other sites More sharing options...
Danb Posted December 23, 2023 Report Share Posted December 23, 2023 I switched from old republic when I turned 75, they wanted me to fly with an instructor so I sold my Bravo then Brown insures me with an annual IPC, my agent totally dropped the ball. Quote Link to comment Share on other sites More sharing options...
Schllc Posted December 23, 2023 Report Share Posted December 23, 2023 22 minutes ago, MikeOH said: What coverage limits do you have? 1,000,000/150,000 1 Quote Link to comment Share on other sites More sharing options...
kortopates Posted December 24, 2023 Report Share Posted December 24, 2023 1,000,000/150,000Glad Mike asked because i thought you had 1 mill smooth.Sent from my iPhone using Tapatalk Quote Link to comment Share on other sites More sharing options...
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