----[Please read http://ercoupers.com/disclaimer.htm before following any advice in this forum.]----
One problem encountered with many insurers depends upon how much value you want your plane insured for. I learned that those underwriters (nearly all) that rely on Blue Book are limited to some pretty low values for our 'Coupes, since the Blue Book is based on dealer reports, and few Ercoupes these days are sold through dealers, because the demand for the Light Sport legal ones is higher than supply. The Blue Book values lag considerably behind the rising market value of our planes. The way I coped with this was to go to Avemco for a quote. They are outside the usual insurance mainstream, and use their own agents and have their own underwriting rules, not the same agents who write for (e.g.) AIG and others. Avemco had no problem grasping or accepting the rising value of Ercoupes, and were quite ready to put the agreed value I wanted on my plane. The only catch was that my existing insurance carrier, AIG, would charge me a stiff cancellation penalty. So I took the Avemco quote to AIG, and AIG agreed to match it to compete. Linda From: Ercoupe Technical Discussion (moderated) <[email protected]> Date: Tue, 27 Feb 2007 00:00:04 -0800 To: Ercoupe Technical Discussion (moderated) <[email protected]> Subject: Digest list: Ercoupe Technical Discussion (moderated) From: Larry Snyder <[EMAIL PROTECTED]> To: "chuck washburn" <[EMAIL PROTECTED]> Reply-To: Larry Snyder <[EMAIL PROTECTED]> Subject: Re: [COUPERS-TECH] Insurance I have been with happy with Global Aerospace through Falcon through the EAA. I have $25,000 hull, no deductible on ground or air damage, and usual liability coverage, all for $700 a year. I think the EAA involvement takes the deductibles to 0. Also, I had a small claim last year (when I landed in a wheat field) and they covered all the costs of removing the wings and trucking the plane to the nearest airport and actually THANKED me for keeping damages to a minimum! They still reduced my rate because my hours had increased to 250 (I'm a new pilot). Larry Snyder [EMAIL PROTECTED] On Feb 26, 2007, at 10:14 AM, chuck washburn wrote: > ----[Please read http://ercoupers.com/disclaimer.htm before > following any advice in this forum.]---- > > > This is not a technical question but assume it is OK to ask in this > forum. Does anyone have recommendations on insurance carriers for > the Coupe? My current policy costs me $900+ per year which is a > fair amount more than my old 172 policy. Thanks > > Charlie W > 415-C N2076H > > -- > > ============================================================================== To leave this forum go to: http://ercoupers.com/lists.htm
