Insurance for Mite

[Matt Hamel]

Dear mite owners,

I am a perspective buyer of a Mooney Mite however I have hit a roadblock in way of insurance. My particular situation is Private pilot and glider 160 ish total time 40 retract but no Mooney time yet. I am unable to get just liability and really at a loss for what to do next. I am looking into finding a person with a Mooney to fly with and get some time that way however I am not sure if that will help me much.

Any advice would be much appreciated.

 

Matthew Hamel

[N201MKTurbo]

What are your insurance requirements? 
 

You may have to go bare for the first 10 hours or so.

[Pinecone]

@Parker_Woodruff

Have you talked to Parker?  

[Parker_Woodruff]

Not many Mite insurers out there, and even less (0-1?) for a low time pilot.

If your agent gives you a list of companies that declined, I can tell you if there are any others I could approach.

[Matt Hamel]

On 5/29/2025 at 10:01 PM, N201MKTurbo said:

What are your insurance requirements? 
 

You may have to go bare for the first 10 hours or so.

I am looking for liability only and I want to get an estimate of what it would cost after say 10 hours. I'm coming to realize I may need to self insure for that time. A chicken or the egg problem here.

[Matt Hamel]

On 6/1/2025 at 3:44 PM, Pinecone said:

@Parker_Woodruff

Have you talked to Parker?  

No I have not. Who is that and could you put me in touch?

[Matt Hamel]

On 6/2/2025 at 9:42 AM, Parker_Woodruff said:

Not many Mite insurers out there, and even less (0-1?) for a low time pilot.

If your agent gives you a list of companies that declined, I can tell you if there are any others I could approach.

So far the EAA, AOPA, Avemco, Costello, Butler Brown and a couple others have declined. I am now looking for an estimate after say 10-20 hours in type.

[Parker_Woodruff]

Those are agencies, not companies.

Those brokers (sans Avemco, because they only work with their parent insurer) have probably gone to every or almost every relevant underwriting company.  The underwriters won't give me a different answer.  I'd go back to the first brokerage you approached, give them an agent of record letter if they need it, and have them negotiate when you have some make and model hours.

Practically speaking, your chances of underwriter rejection this first year with the new pilot hours are less by going to the first agency that requested quotes.

[Matt Hamel]

On 6/7/2025 at 7:49 PM, Parker_Woodruff said:

Those are agencies, not companies.

Those brokers (sans Avemco, because they only work with their parent insurer) have probably gone to every or almost every relevant underwriting company.  The underwriters won't give me a different answer.  I'd go back to the first brokerage you approached, give them an agent of record letter if they need it, and have them negotiate when you have some make and model hours.

Practically speaking, your chances of underwriter rejection this first year with the new pilot hours are less by going to the first agency that requested quotes.

If i were to self ensure and get say 10-20 hours how would this effect my getting insurance? I'm still new to this whole aircraft buying process so I don't know who to contact about a very odd aircraft such as this. I am looking for an estimate to determine if I should go along with the buy. Also, I have a friend who is 70 and interested in being partners. How could I get someone like this onto the insurance being that he is over 70?

[Parker_Woodruff]

I see you contacted me through my website...I'll reach out by email or phone.