Linda - Thanks for sending this out. This is the concept I was trying to get across in my previous post - these "program" brokers don't offer anything to their clients that the other brokers can't do as well.
People often say "Falcon got this" or "AOPA got that insurance", when in fact, any broker gets the same quotes that they do. To me, the points I look for in a broker are, first and foremost, service. Are my calls taken or returned promptly? Is the broker happy to have me call, or do I sense that my little airplane is something they'd just as soon not fool with? Does the broker know my airplane (a common problem with the bigger brokers who may have many employees not familiar with older or less common airplanes)? Do I get the feeling that this broker will be there to go to bat for me, with the insurance company, if I have an accident? Thanks, Jerry E. -----Original Message----- From: [email protected] [mailto:[email protected]]on Behalf Of Linda Abrams Sent: Friday, November 27, 2009 2:44 PM To: [email protected] Subject: SPAM-LOW: [ercoupe-tech] Insurance 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)
