REFLECTOR: Insurance

[Pat Shea]

Kevin,

With an instrument rating you should have three
underwriters available (Global Aerospace, AIG, and
Aerospace something). Both Falcon and AUA should know
the Velocity market. I used Falcon to get an AIG
policy w/ a $150K hull limit for an XLRG - it's
possible AIG has lowered their hull limits which
hopefully isn't the case since $150K was marginal for
me.

Pat
    
--- Jack Sheehan <j.f.sheehan at larc.nasa.gov> wrote:

> 
> I asked Falcon for a deductible. I had about$1,000
> deductible the 
> first year but when they renewed at the same premium
> they eliminated 
> the deductible. I think they see that as sort of a
> reduction so I 
> said I was willing to have a deductible at a lower
> premium they would 
> /could not do it.
> 
> >Yes this sounds great except if my MT prop gets
> damaged, a 5-10K 
> >deductible really is like not having any insurance
> at all.
> >
> >Kevin
> >
> >
> >From: reflector-bounces at tvbf.org
> [mailto:reflector-bounces at tvbf.org] 
> >On Behalf Of Al Gietzen
> >Sent: Wednesday, May 11, 2005 10:09 AM
> >To: velocity_AZ at cox.net; 'Velocity Aircraft Owners
> and Builders list'
> >Subject: RE: REFLECTOR: Insurance
> >
> >
> >I've been with Falcon Insurance for two years (each
> year paid the 
> >same amount ~$5000.00/year)
> >I am instrument rated with 500 hours
> >Hull insurance for $175,000.00 - no deductible.
> >$1M Liability
> >
> >My renewal just came in again for $5,000.00.
> >
> >Falcon said that he tried to get an alternative
> quote with AIG, but 
> >the max hull coverage they offer is $100,000.
> >




		
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