REFLECTOR: NO Velocity Insurance?
Velocity
velocityxl at fastmail.fm
Wed Mar 19 20:16:58 CDT 2014
Kind of a funny game the Insurance companys play. If you are insured
during building they say they will insure you
later.......... Avemco in the past played that card with me.
I had Avemco builders insurance 8 years ago. I dropped them because they
said at the time they would not insure
me in motion. Then a couple of years later they said if I had kept my
builders insurance they would insure me in motion
but since i no longer carried builders insurance I was no longer
available for in motion coverage. What a joke.
I guess it depends on the time you ask for insurance .
Ron
On 3/19/2014 5:06 PM, Don Johnston wrote:
> After the discussion about the difficulties in getting insurance, I
> decided to confirm my ability to get coverage. So I called Donnie
> Peters and AirSouth and asked him to verify that I would be able to
> get insurance.
>
> Heard back from him today. He checked with AIG (which is who is
> providing my builders risk policy) and they said I'm all set.
>
> But it ain't gonna be cheap. $150K hull, 1 million liability (smooth,
> IIRC) is going to come in at about $4,000 per year. That's about 3x
> what I'm paying for my 182RG. He said it will almost certainly go
> down as I build time in type. If I drop the hull to $100K the premium
> would drop to around $3,000.
>
> He also said that if I didn't already have the builders risk policy
> with AIG that I probably wouldn't be able to get insurance (at least
> with everyone he's check with) for when I'm "in motion".
>
> -Don
>
>
> On Sat, Mar 15, 2014 at 5:04 PM, Don Johnston <don at johnston.org
> <mailto:don at johnston.org>> wrote:
>
> That's very possible. I've got 1,000+ hours retract.
>
>
> On Saturday, March 15, 2014, Epstein Lawrence Jay
> <ljepstein at hotmail.com <mailto:ljepstein at hotmail.com>> wrote:
>
> (I tried to post this earlier, but I never saw it).
>
> I believe that the main issue is with the RG. I don't think it
> is as hard to get the FG insured. (I was able to get Full
> flight, (effective March 1) $100k hull + liability for my 173
> FG which is getting close to first flight. I have ~550 total
> time, Private, Instrument, SEL-~350 Hrs bonanza time).
> What some have done is disable the retract mechanism and
> insure the aircraft as a FG, then re-apply for RG insurance
> down the road (after you have enough (100 hrs?) on the
> aircraft with you PIC as a FG.
>
> Just a thought.
>
> Larry E.
>
> My insurance is Chartis through (broker):
> Packer & Associates
> Richard Packer -- Aviation Insurance
> 5266 Mooney Road, Radnor, OH 43066
> 740-494-2554 <tel:740-494-2554> FAX 740-494-2748
> <tel:740-494-2748>
> paainc at aircraftinsurance.net
>
> He's the guy with the beautiful Stearman who is always parked
> right in front of the vintage hanger @ OSH
>
> On Mar 15, 2014, at 3:40 PM, Don Johnston <numa at comcast.net>
> wrote:
>
>> I've had my builders policy through Don Peters at AirSouth
>> for a few years. He has pretty much guaranteed me coverage
>> for when I'm ready to fly.
>>
>> On Saturday, March 15, 2014, jeff findarle
>> <flynfindarle at yahoo.com> wrote:
>>
>> OK Friends, I am just about ready to paint my Velo 173
>> RG. So last year when I thought I was going to be ready
>> to fly her, but instead decided to re-paint. I had called
>> a number of insurance companies and had NO LUCK at all
>> getting any quotes for hull coverage.
>> I did however have a good response from Don Adams with
>> AirSouth (Very nice and knowledgeable and works hard and
>> responds quickly). SO I just tried again with Don this
>> week. He tried a bunch of companies including: Aerospace,
>> Global, Starr, AIG, HCC. Randy Kasen with Aerospace said
>> that regardless of pilot times, they are not interested
>> in coverage on the Velocity.
>> Sure would like to know why all these insurance companies
>> are scared to DEATH of our little birds?
>> I have 402 hrs (27 hrs last 6 Months), 25 hrs Retract
>> time, COMPLEX, non Instrument (I want to see what I am
>> going to hit)! Rated single engine land.
>> Any ideas?
>> Thank you, Jeff
>>
>> TEAM JEFF Real Estate
>>
>> Jeff Findarle - *Realtor*, GRI
>> PRES.-Wasatch Co Association of Realtors
>> Darin Heckel - Realtor
>> AllStar Realty
>> 575 N main St.
>> Heber City, UT. 84032
>>
>> Jeff's Cell 435-503-0514 <tel:435-503-0514>
>> Darin's Cell 435-671-3957 <tel:435-671-3957>
>> Off. 435-654-9440 <tel:435-654-9440>
>> Fax 435-654-9437 <tel:435-654-9437>
>> Distressed Property Experts, Short Sales a Specialty!
>> Don't Lose it, Sell it!
>>
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>
>
>
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