Shopping for Insurance

[jim cooper]

Re: Shopping for Insurance

consider this: 3 months ago, heavy snows, then rain, then snow again, collapsed the roof of a pretty sturdy hangar where I'm based in Western N.y State. 3 Aircraft were destroyed. Owner of the airport ALWAYS made sure YOU KNEW that insurance was YOUR responsibility. A rebuilt lucscombe was totaled. The owner is suing the FBO. He won't recover a penny as EVERY other owner will testify. Many owners there do NOT have hull and very little liability. Not very bright, sort of like putting your money with Bernie Madoff, then whineing when he went bad. I have used AVEMCO for 25 years and am satisfied.

[NY86]

Re: Shopping for Insurance

Did you get your bonus too??

Yeah, and it still hurts...

[jdlowrey]

Re: Shopping for Insurance

Just received my Avemco renewal, $2800 for $25,000 hull plus liability and ground coverage. Guess things are double in AK.

[MNJoe]

Re: Shopping for Insurance

Jeff, are you on floats part of the year? That coverage is close to the lower 48 when you combine float and wheel insurance.

Joe

[jdlowrey]

Re: Shopping for Insurance

I'm just on wheels and skis. Policy is broken down as follows: Liability and Property (100,000/1,000,000) $1,113 and Hull Coverage is $1632. I was told that my next price break would be at 250 hours. I currently have 160 give or take.

[jim cooper]

Re: Shopping for Insurance

BC12D: I pay Avemco 1,250.00 per year. Hull cov. 25,000.00 Liabilty: 1mill/100,000. THEN they deduct 4 months of only hangar rent,(it drops down to around 400.00 during this time. (The aircraft cannot be flown during the down time.) I have 2900 hrs. in taildraggers, I'm 72 flying LSA. In the spring, I call them and they immed. (half an hour) put it back on flying status. This BC12D was totally rebuilt in 2008 and is in trophy condition and has full logs from factory to present. Its a 65HP, no electric , METAL prop. 72/45.