Hank Posted June 30 Report Posted June 30 2 hours ago, Z W said: . . . I will make the time next year to call Parker. That's a good idea. I've been a happy customer for the past 5-6 years. Quote
gabez Posted July 1 Report Posted July 1 On 6/29/2024 at 4:15 AM, McMooney said: 100k hull @800 ish hours came to $2155 yesterday. getting painful I have 160K hull @650 hours and paying 2400 just renewed it. The big savings hit me when I crossed over 500 hrs. 2 Quote
Echo Posted July 2 Report Posted July 2 On 6/29/2024 at 8:13 PM, Hank said: That's a good idea. I've been a happy customer for the past 5-6 years. PM me with hull value and what you paid please Quote
A64Pilot Posted July 6 Report Posted July 6 On 6/29/2024 at 7:15 AM, McMooney said: 100k hull @800 ish hours came to $2155 yesterday. getting painful That’s very close to what I pay, I’m over 10,000 TT, Commercial / Instrument etc, etc. But I’m based on grass and I’ve been told that severely limits companies that will write a policy. I’m 66. How does being hangers figure into it? Quote
BlueSky247 Posted July 6 Report Posted July 6 @A64Pilot If I understand your question correctly, you were asking what impact hangaring the plane makes. My last conversation with Parker, he indicated in my area, it only amounts to a couple of hundred dollars difference for a 100k hull policy versus being tied down outside. That seems wild to me considering how much damage hail can do, but I'm not an actuary. 1 Quote
A64Pilot Posted July 6 Report Posted July 6 1 hour ago, BlueSky247 said: @A64Pilot If I understand your question correctly, you were asking what impact hangaring the plane makes. My last conversation with Parker, he indicated in my area, it only amounts to a couple of hundred dollars difference for a 100k hull policy versus being tied down outside. That seems wild to me considering how much damage hail can do, but I'm not an actuary. Yes I was asking that, I’ve never heard if being hangared reduced rates. It would seem it should as aircraft tied down are subjected to greater loss it would seem , even from other aircraft etc. Quote
BlueSky247 Posted July 6 Report Posted July 6 24 minutes ago, A64Pilot said: Yes I was asking that, I’ve never heard if being hangared reduced rates. It would seem it should as aircraft tied down are subjected to greater loss it would seem , even from other aircraft etc. I agree. It is very possible my figure is the exception as my home field is very small and rural. I have to believe tying down at a busy city field would see a lot higher chance of getting dinged. Quote
GeeBee Posted July 6 Report Posted July 6 Hangar vs tie down. In the south and midwest one word. Hail. Quote
A64Pilot Posted July 6 Report Posted July 6 57 minutes ago, BlueSky247 said: I agree. It is very possible my figure is the exception as my home field is very small and rural. I have to believe tying down at a busy city field would see a lot higher chance of getting dinged. A few weeks ago at Crystal river where we go to eat every Sun Wx permitting of course. 2 Quote
A64Pilot Posted July 6 Report Posted July 6 17 minutes ago, GeeBee said: Hangar vs tie down. In the south and midwest one word. Hail. I would venture that the Thunderstorms without hail are quite damaging too. When we lived in West Tx circa 1981 there was a hail storm so bad that it killed several cows. ‘It looked like the end of the Earth, coming from Ga I had never seen a sky like that. Quote
Echo Posted July 6 Report Posted July 6 (edited) I am early 60’s. $85k hull. Hangered at class C airport. VFR with 950 total time and 700 in make and model. $2800 now. Awaiting renewal. IFR is 25% reduction in premium I am told. Really sobering costs… Edited July 6 by Echo Quote
A64Pilot Posted July 6 Report Posted July 6 What is 1 GR? IFR? I tell people the day they get their PVT start instrument training, the insurence break pays for the training and of course makes you much safer and makes the aircraft a whole lot more usable. Having said that I don’t fly IFR anymore since retirement. Quote
LANCECASPER Posted July 6 Report Posted July 6 12 minutes ago, A64Pilot said: When we lived in West Tx circa 1981 there was a hail storm so bad that it killed several cows. I'll bet it was tender though . . 6 Quote
BlueSky247 Posted July 6 Report Posted July 6 20 minutes ago, LANCECASPER said: I'll bet it was tender though . . Step aside Wagyu! Make way for HailYu. (Not to be confused with the language that must have been used with whomever hit that poor Cessna.) Quote
Pinecone Posted July 6 Report Posted July 6 It would probably be more useful to state the hull rate, that is what percentage of the value is the premium. And a separate number for the liability. My quotes/policies list the two numbers. I just renewed, switching to Parker. Hull is 1.124%. He was able to get me $1 million smooth (no sub limits), but it costs. About 2000 hour, 900 retract, 160 in make/model, hangar, over 3000 foot paved. Quote
Echo Posted July 6 Report Posted July 6 42 minutes ago, Pinecone said: It would probably be more useful to state the hull rate, that is what percentage of the value is the premium. And a separate number for the liability. My quotes/policies list the two numbers. I just renewed, switching to Parker. Hull is 1.124%. He was able to get me $1 million smooth (no sub limits), but it costs. About 2000 hour, 900 retract, 160 in make/model, hangar, over 3000 foot paved. It would probably be more useful for you actually to say the premium. Just saying. Quote
ArtVandelay Posted July 6 Report Posted July 6 It would probably be more useful for you actually to say the premium. Just saying.Why? Comparing the premium for an Acclaim tied down to a C in hangar is not going to tell you anything useful. Quote
Echo Posted July 7 Report Posted July 7 1 hour ago, ArtVandelay said: Why? Comparing the premium for an Acclaim tied down to a C in hangar is not going to tell you anything useful. Top secret. Got it. Who owns a C? Quote
Hank Posted July 7 Report Posted July 7 2 hours ago, Echo said: Top secret. Got it. Who owns a C? I've had one since '07. OMG, that's a long time! Seventeen years and two weeks. Quote
Pinecone Posted July 7 Report Posted July 7 13 hours ago, Echo said: It would probably be more useful for you actually to say the premium. Just saying. The premium varies by hull value. So I say my premium is $4000, how does that compare to yours???? If on a late Acclaim Ultra, that is super. On a C, that is crazy. 1 Quote
jetdriven Posted July 7 Report Posted July 7 We got several clients that bought their first airplane, an M20J, and the premium is around seven grand a year. These are low time pilots with a fresh complex endorsement, one had an instrument rating and one did not, but it’s a lot of money. Quote
Parker_Woodruff Posted July 8 Report Posted July 8 Some insurance companies discount for having a hangar. Others don't discount and just make their yes/no underwriting decisions based on if the aircraft is not hangared in a hail/weather prone area. Some companies limit how much they'll pay for cosmetic hail damage to a Mooney...and of those companies, a couple only add that limitation on policies where the aircraft is normally stored outside. 1 Quote
MountainGoat Posted July 8 Report Posted July 8 Different question, similar topic. I've had my J for 2 years now, put on 50-60 or so hours a year, no claims. My insurance is slightly higher than when I first purchased. Aside from about 20hrs in an Arrow during training, the J is my only complex. Is this to be expected, or should I shop for a new broker? Quote
Pinecone Posted July 9 Report Posted July 9 Insurance prices are up because parts and labor to repair is up. Quote
Andy95W Posted July 23 Report Posted July 23 Hi @Parker_Woodruff- are you at Oshkosh this year? Quote
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