REFLECTOR:More Insurance Woes

[Brian Michalk]

Strange.

I talked to Pam to get insurance.

I'm getting a loan for avionics, and am thinking the bank is going to want
the airplane insured while it sits in my house, in my garage, getting built.

I was quoted $1300/year for this.

> -----Original Message-----
> From: reflector-admin@tvbf.org [mailto:reflector-admin@tvbf.org]On
> Behalf Of Scott Derrick
> Sent: Tuesday, May 06, 2003 9:16 AM
> To: reflector@tvbf.org
> Subject: Re: REFLECTOR:More Insurance Woes
>
>
> Tell Falcon to take a long walk on a short pier.
>
> Can Ron get insurance from AUA?  I just renewed this week and for $1M
> liability and non-flight $85K Hull for less than $900 total.  I could
> have got in-flight hull/liability for $1700.
>
> Call Pam at AUA or email her: pam@auaonline.com
>
> Scott
>
> Ronnie Brown wrote:
> > Insurance woes!
> >
> > ----- Original Message -----
> > From: "Ronnie Brown" <romott@adelphia.net <mailto:romott@adelphia.net>>
> > To: "Jim Nelson" <jnelson@falconinsurance.com
> > <mailto:jnelson@falconinsurance.com>>
> > Sent: Friday, April 25, 2003 8:33 AM
> > Subject: Re: Quote on the Velocity
> >
> >
> >  > Thanks for trying.  This is nearly double the previous quote
> in November
> >  > ($550 same coverage) and much more training required.  I
> already have 22
> >  > hours and 39 full stop landings in my Velocity.  The requirement for
> >  > additional training in my aircraft can't be accomplished until the 40
> > flight
> >  > test hours are flown off.
> >  >
> >  > Insurance is costing more, with more restrictions and
> exceptions, more
> >  > training requirements. Won't be long, and Falcon will be out
> there with
> >  > Avemco!
> >  >
> >  > When should I reapply (how many hours in type, how many full stop
> > landings,
> >  > etc.) with a more reasonable yearly premium?  THE REPLY WAS THERE
> > WILL NOT BE ANY REDUCTIONS IN PREMIUM!
> >  >
> >  > Regards,
> >  > Roland Brown
> >  >
> >  >
> >  > ----- Original Message -----
> >  > From: "Jim Nelson" <jnelson@falconinsurance.com
> > <mailto:jnelson@falconinsurance.com>>
> >  > To: <romott@adelphia.net <mailto:romott@adelphia.net>>
> >  > Sent: Tuesday, April 22, 2003 2:41 PM
> >  > Subject: Quote on the Velocity
> >  >
> >  >
> >  > > Roland:
> >  > >
> >  > > Here is a quote for liability only for you.  Please note
> the additional
> >  > dual
> >  > > requirements at the bottom.  If you have any questions,
> please contact
> > me.
> >  > >
> >  > > FROM:  JIM NELSON  FAX 512-891-8483 PHONE:  1-866-647-4322
> >  > > DATE:  4/22/03
> >  > >
> >  > >
> >  > > EMAIL QUOTE REQUEST
> >  > >
> >  > >
> >  > > NAME INSURED: Roland Brown
> >  > > ADDRESS: 20106 Norman Colony Road
> >  > > CITY/STATE/ZIP CODE: Cornelius, NC  28031-7143
> >  > > OCCUPATION: Retired EAA Number:  YES
> >  > >
> >  > > CURRENT INS. CO.: Just completed EXPIRATION DATE:
> >  > >
> >  > > AIRCRAFT: 2002 Velocity 173 RG, N713MR, 4 seats
> >  > >
> >  > > AIRCRAFT STATUS/
> >  > > LOCATION: Hangared at Lake Norman
> >  > >
> >  > > AIRCRAFT USE(S): Pleasure and Business Use, excluding any operation
> >  > > for which a charge is made.
> >  > >
> >  > > HULL VALUE:  $0
> >  > > HULL PREMIUM:  $
> >  > >
> >  > > DEDUCTIBLES: NOT-IN-MOTION:   $0          IN-MOTION:  $0
> >  > >
> >  > > LIMIT OF LIABILITY:  $500,000 Combined single limit bodily
> injury and
> >  > > property damage limited to $100,000 bodily injury per passenger.
> >  > > LIABILITY PREMIUM:  $1000
> >  > >
> >  > > MEDICAL PAYMENTS:  $1,000 PER PASSENGER (CREW INCLUDED)
> >  > > MEDICAL PREMIUM:  $15
> >  > >
> >  > >
> >  > > TOTAL ANNUAL PREMIUM:  $1015
> >  > >
> >  > > PILOT INFORMATION: Roland Brown, 58, PVT, ASEL-I, 890TT,
> 14 R/G, 14MM
> >  > > no lvw
> >  > > ***Roland must log an additional 10 hours
> >  > > dual flight instruction in the insured aircraft to include
> 10 take off
> > and
> >  > > landings to a full stop.  He must then log 5 hours solo
> time prior to
> >  > > carrying passengers.  The CFI giving the instruction must
> have 1500TT,
> >  > 500RG
> >  > > and 50 hours in Velocity RG's.
> >  > >
> >  > > OPW: Named pilots only.
> >  > >
> >  > >
> >  > > REMARKS: Roland Brown has successfully attend and completed the
> > Velocity
> >  > > in-flight training school for this aircraft.
> >  > >
> >  > > Jim Nelson e-mail:  jnelson@falconinsurance.com
> > <mailto:jnelson@falconinsurance.com>
> >  > >
>
>
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