REFLECTOR: Insurance

[Jack Sheehan]

Just another data point on insurance. I currently have insurance 
through Falcon ( Global Aerospace) $150 K Hull standard on Liability 
and Medical ($1 million/100,000 and $10,000 med).My initial year had 
a $1000 deductible and that was removed the second year. I asked if 
it was possible to reduce the premium by having the deductible but 
the answer was no . I am paying $3200 a year as a high time 
comm/multi instrument 300+ in Velocity pilot.
I recently asked AUA (Pam) for a quote. They quoted $3700 with $1000 
deductible. The liability was only $465. The Hull is a killer.
Falcon (Global) had a clause in the policy which required initial or 
recurrent factory training I think this was just left over from the 
initial policy or was something they were trying to put in. I squaked 
about it and confirmed the factory did not offer recurrent training 
so they removed it.
Word of advice read the policy carefully. It probably contains 
territory limits. Mine says it is OK in the Bahamas but if I go to 
the next island Turks and Caicos it is No.
I do not have any problem with Falcon they seem to do a good job but 
it is no bargain so I was doing a little shopping.
-- 
Jack Sheehan
Executive Director
National Consortium for Aviation Mobility (NCAM)
Visit the following sites
http://www.ncam-sats.org, http://www.sats2005.com, http://sats.nasa.gov
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