REFLECTOR: Insurance update

[Andrew Ellzey]

Geoff,

How much did you have to pay through Avemco? I have 850TT 500 complex which includes retract. Not IFR rated. I have completed the Velocity factory training.


-------------------------------------------
Andrew Ellzey

(479) 631-2851 office
(479) 531-5139 iPhone
ajlz72756 at yahoo.com
  ----- Original Message ----- 
  From: Geoff Gerhardt 
  To: Velocity Aircraft Owners and Builders list 
  Sent: Tuesday, August 07, 2012 4:45 PM
  Subject: REFLECTOR: Insurance update


  Folks,


  So, I ended up going with Avemco.  Apparently they're the only company you can go to directly (others you need to go thru a broker).  I contacted over 3 brokers (including the one recommended by Velocity) and none were able to give me a quote.  It seems its the RG that is the problem.  Avemco req'd 10hrs retract time and the Velocity transition training, others were requiring a min of 50hrs RG time.  The premium is just shy of $1K for $1M liability (no hull).  Also, they will adjust the premium as soon as I get to 48hrs in type.


  Last weekend I took an Arrow out for ~4hrs to build up retract time.  It was an ancient bird.  I had planned to do the NY VFR corridor, but it only had one working radio and the transponder "sort of" worked, so I didn't feel comfortable taking it on a long XC.  I need another couple hours, so I'll put them in later this week before first flight.



  Tomorrow morning, the FAA rep comes over for an airworthiness inspection - I'll let you know how it goes...


  Geoff
  N173VS (173RG)
  http://thegerhardts.com/velocity






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