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REFLECTOR: more on insurance

This for those who can look ahead.

For the last 3 years that I have been flying, I have had insurance that
covered everything EXCEPT in motion coverage.  My philosophy was that,
if I crashed, I would be happy to be alive, without worrying about
reimbursement.  In addition, in motion coverage was about $800 more than
just liability and "not  in motion" coverage.

This year, however, Aviation and Marine renewed my policy, and without
me asking, ADDED in motion coverage.  I renewed for full coverage for
just $1050 for the year.  Hull hull value at $75,000 and a 10%
deductible (which I consider reasonable).  I figure that this has a lot
to due with  my 190 hours in the velocity, although they never said as
much, and with my 650 or so hours total.

So my guess is that the insurance, as Duane indicated in the newsletter,
will drop off in price drastically as you gain hours in your plane.
This only makes sense to me since most of these accidents are happening
on new planes.   While I am not complacent by any means, those 190 hours
have made me feel much more comfortable in my plane, than I was those
first 60-70.

As always, just my 2 cents worth.

Bob Ginsberg, M.A., CSCS, CPT

Big Ape Gyms - Velocity 173