REFLECTOR: Insurance - OUCH!

[Scott Derrick]

Al,

When I bought my A35 Bonanza, Avemco required 20 hours dual, followed by 
10 hours solo before carrying passengers.

All I had was a SEL Private ticket, with about 250 hours, and about the 
same  complex/HP as you do.  So their requirement doesn't seem all that 
far off from what I had to do.  The problem of course is you need to get 
the dual and solo done before they will be willing to have you fly off 
phase 1.  Cart before the horse.  Maybe they would do liability only and 
let you fly off the phase 1, after you get the dual time done? Then you 
can count your phase one flying for your solo time?

$120K * 3% == $3600  + $1200(liability) == $4800

You liability will go down as you get more time and an instrument 
ticket, my liability is $600, I have an instrument, 1200 hours,  and 800 
hours of HP/Complex.

Scott

Al Gietzen wrote:
> I just got a quote: standard liability; 120K hull.  I don't know whether to
> say "OUCH"; or laugh.  This has to be a joke.
>
> I have 190 total hours; 25 hrs complex, 20 hrs high performance.  Not a lot,
> but I think it suggests that I might have an idea about flying an airplane.
> I guess only the FAA thinks so.  The underwriter is requiring:
>
> a) The test pilot fly off the entire 40 hr phase 1 testing.
> b) I must attend the factory school (I'm not sure what 'attend' means)
> c) I must then get 25 hrs duel in make and model.
> d) I must then have 10 hours solo in my airplane before carrying a
> passenger.
>
> For the privilege of having them tell me that I have complete this ~ $6 -
> 7,000 program; I get to pay them $4,900.00.
>
> Do I sound bitter?
>
> Al
>
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