Aircraft Insurance

[Jimhamilton]

Right now I have my insurance with Chartis and am up for renewal. The quote is for $1,400. AOPA has just given me a quote for $1,000 from a company called Global Aerospace. Same coverages. Does anyone have anything good or bad to say about either company? On the surface $400 bucks savings sounds good but what is hidden in the pudding? Thanks for your response. Jim

[AndyFromCB]

Global was a pleasure to deal with when I had a $10,000 claim on my Arrow related to hail. As I just switched coverage from Chartis to Global 2 months before and just noticed the hail and had no idea when it happened, both Chartis and Global were involved, asked me to give them a list of all the times the aircraft was tied down outside, looked at their hail maps and Global accepted responsibility and cut me a check, no questions asked. Really great.

[Jimhamilton]

Wow, thats agreat testimony, thanks.

[Parker_Woodruff]

Global is an excellent company and has several excellent programs in the aviation insurance market.

 

Both AIG (formerly branded Chartis) and Global have good policies and good staff.

[DrBill]

I just switched to Global thru Falcon and here's why:   There is another thread... Insurance Renewal....

So Here's the quotes:

AOPA  (Chartis) $1314

AVEMCO ( who I had with AOPA until I got the Mooney and they switched to Chartis) $2281

Falcon (Global)  $964

 

Bill

[tony]

I have never gotten a quote from Avemco that was even close to being realistic and wasn't double of the closest competitor.  How do they stay in business?

[MB65E]

Falcon-960 on a 50k hull.

For what it's worth, Starr was a pleasure to work with after some ground handeling damage was done to an aircraft at work. They were the damaging party's insurer. Cut us a check for everything I expensed out. Including my time to oversee the repairs, charter reimbursement, the works. Our insurance didn't even need to get involved.

[aaronk25]

Ya thumbs down for starr. Our flying club has 5 aircraft and is over 50 years old and the only reason we went to start is avemco wouldn't insure a LSA and we wanted to buy one.

We had our first loss of a airplane and star raised our rates 27% or about 6k a year. They took 4 months to cut us a check, of which they did more internal arguing than anything else and they keep making mistakes on our declaration page.

The Flight design LSA isn't getting flown as much as we hoped so I think we're going to sell it and go back to Avemco.

Starr sucks.

[MB65E]

Bummer, I only had that one dealing with them and we were not the one paying the deductible. Hopefully, Falcon will be there if needed.