REFLECTOR: Insurance

[Grigore Rosu]

I'm wondering how the engine can influence the insurance.  Does anybody 
have any experience with getting insurance for a Velocity with a Deltahawk 
engine?  I guess by the time I'll finish my Velocity the DH engine will be 
certificated by FAA, which may help ...

Thanks,
Grigore


On Wed, 11 May 2005, Jack Sheehan 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.
>> 
>> Just a thought here, and note that I am one who believes in paying for as 
>> little insurance as "necessary".  If you built it, and you break it, you 
>> can probably fix it again.  Consider the $100K coverage, and a 5 - 10K 
>> deductible, and see what that premium is.
>> 
>> Al
>> 
>> _______________________________________________
>> To change your email address, visit 
>> http://www.tvbf.org/mailman/listinfo/reflector
>> 
>> Visit the gallery!  www.tvbf.org/gallery
>> user:pw = tvbf:jamaicangoose
>> Check new archives: www.tvbf.org/pipermail
>> Check old archives: http://www.tvbf.org/archives/velocity/maillist.html
>
>
> -- 
> 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