Don,
I'm pasting below 2 emails from my insurance agent at my renewal
time last Sept. My 'Coupe is a 1946 415-C, I have ~300 hrs., ~2/3 of
that in my 'Coupe, and I am also PP licensed, choosing to fly Sport
Pilot. I have carried $27,000 hull value (which AIG gave me argument
about, 2 yrs.ago), though after this winter's complete re-painting,
will probably raise this to $32,000. Of course, geography may make
a difference in the rates, but I thought you might find the
comparative numbers below interesting.
Since your plane will be "new" to you, one note: you'll probably
find insurance easier to get, and the rates lower, once you have more
hours in type. At least, that's what I experienced (premium ~1/2 by
the 2nd year). I went with the Global quote he recommended, below.
HTH --
Linda
N3437H (Sky Sprite)
L.A.
Linda,
With respect to AOPA, they are a broker and can use the same carriers
we do, although they place a SUBSTANTIAL portion of their business
through AIG. So as not to alienate the rest of their brokers, AIG
offers a 5% discount to ALL brokers for AOPA members.
EAA uses another large broker (Falcon) to obtain preferred quotes for
EAA members through Global Aerospace - again, a company that we use
as well... and Global offers this program to all their brokers.
Falcon just ACTS like they're the only ones who have it.
Scott Myers
Aviation West Insurance Brokers, LLC
[email protected]
P.O. Box 1509
Vista, CA 92085-1509
Ph: 760-727-7444
Fx: 760-727-7555
Cell: 760-519-8604
CA License # 0B15594
The figures Scott sent me at renewal in Sept. '09:
Current coverage and premium with AXA Insur. Co.:
Liability: $1,000,000 limited to max pass. liability of $100k
Medical: $3,000 per passenger
Hull: $27,000 subj. deducts of $50. NIM and $250 IM
Premium: $524.
AXA's renewal terms are $649. this year for the same coverages as above.
Our previous carrier, AIG, has quoted $956.
Here, however, is what I recommend:
We have another quote for $610. for the same hull and liability
limits from Global Aerospace - and it has these 2 benefits over your
current program:
1) Medical expense coverage is $10,000 per passenger (comes in handy
if you need to pay for emerg. med or an ambulance ride)
2) Deductibles are NIL (not a huge thing, but it's an improvement)
