Insurance Question

[Yetti]

I started to fill out my application for insurance and realized I was really close to 500 hours Make and Model.   Would getting 500 hours count for something discount wise?

 

Also where do I send off too for my 500 hour flight patch for my flight jacket?

[Parker_Woodruff]

99.99% in most cases it won't help at all.  But it's a great milestone!

[Yetti]

11 minutes ago, Parker_Woodruff said:

99.99% in most cases it won't help at all.  But it's a great milestone!

[MikeOH]

@Parker_Woodruff

So, is there only one ‘breakpoint’ at around 100 hours and after that make and model hours no longer matter for rates?

[Parker_Woodruff]

7 hours ago, MikeOH said:

@Parker_Woodruff

So, is there only one ‘breakpoint’ at around 100 hours and after that make and model hours no longer matter for rates?

every carrier is different...there are breaks with various carriers at various points on the way up to and including 100.  Maybe 250, but I doubt it.

[Hank]

On 11/9/2023 at 7:28 PM, Parker_Woodruff said:

every carrier is different...there are breaks with various carriers at various points on the way up to and including 100.  Maybe 250, but I doubt it.

Anything for me next year, since I passed 1000 hours this summer?  

Should reach 1000 in my Mooney by renewal, if I can keep both of us airworthy.

[Parker_Woodruff]

On 11/11/2023 at 8:51 AM, Hank said:

Anything for me next year, since I passed 1000 hours this summer?  

Should reach 1000 in my Mooney by renewal, if I can keep both of us airworthy.

1000 total time might help you on the rate table just a little

[Echo]

What the GA market REALLY needs is competition to create softening.  The premiums are WAY HIGH in this hard market.  The price of insurance is becoming prohibitive and carriers have been feasting.  Hopefully some competition will enter and create price pressure to reduce the current costs that ARE burdonsome.  Like death and taxes hard markets DO come to an end with competition.  There is definitely profit to made...and then some at current pricing.

[Echo]

Hearing that pricing is high because Boeing crashes airliners does not hunt for this bird dog...

[kerry]

I hit a 1000 at last renewal and my rate was lowered.

[MikeOH]

35 minutes ago, Echo said:

Hearing that pricing is high because Boeing crashes airliners does not hunt for this bird dog...

Why not?

Personally, I think those HUGE payouts most definitely 'filtered down' to raising GA premiums.

[Parker_Woodruff]

There's been some added capacity lately...we'll see what the target segments of the market are...