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kearney(at)shaw.ca
Guest

Posted: Mon May 05, 2008 9:08 am Post subject: Builders Insurance

Hi   

   

I am looking getting builders insurance for my -10. I am starting to accumulate parts of significant value and they are not covered under my homeowner’s policy (I am still in my garage).  

   

I was wondering what others are paying for insurance, if at all, and what the rate is per $1k of coverage.  

   

Inquiring minds need to know  

   

Les Kearney  

#40643  

   

       [quote][b]

deej(at)deej.net
Guest

Posted: Mon May 05, 2008 9:34 am Post subject: Builders Insurance

Les Kearney wrote:

 	  Quote: 	
		  

 I was wondering what others are paying for insurance, if at all, and 

 what the rate is per $1k of coverage.



  




	


    Generally 1% of the total value.  I have $40k coverage on my project 

at a cost of $400 per year.



-Dj



-- 

Dj Merrill - N1JOV

Glastar Sportsman 2+2 Builder #7118 N421DJ

http://deej.net/sportsman/



"Many things that are unexplainable happen during the construction of an 

airplane."  --Dave Prizio, 30 Aug 2005

dlm46007(at)cox.net
Guest

Posted: Mon May 05, 2008 9:34 am Post subject: Builders Insurance

cost is 1% per year.

   From: owner-rv10-list-server(at)matronics.com  [mailto:owner-rv10-list-server(at)matronics.com] On Behalf Of Les  Kearney

Sent: Monday, May 05, 2008 10:06 AM

To:  rv10-list(at)matronics.com

Subject: Builders  Insurance

Hi  

I am looking getting builders  insurance for my -10. I am starting to accumulate parts of significant value and  they are not covered under my homeowner’s policy (I am still in my  garage). 

I was wondering what others are  paying for insurance, if at all, and what the rate is per $1k of  coverage. 

Inquiring minds need to  know 

Les  Kearney 

#40643 

[quote]

href="http://www.matronics.com/Navigator?RV10-List">http://www.matronics.com/Navigator?RV10-List

href="http://forums.matronics.com">http://forums.matronics.com

href="http://www.matronics.com/contribution">http://www.matronics.com/c

[b]

kearney(at)shaw.ca
Guest

Posted: Mon May 05, 2008 10:09 am Post subject: Builders Insurance

Dj / Dave



Who is the issuer for your insurance? I am looking at about 2% which is a

big difference.



Cheers



Les





--

deej(at)deej.net
Guest

Posted: Mon May 05, 2008 11:16 am Post subject: Builders Insurance

Les Kearney wrote:

 	  Quote: 	
		   



 Dj / Dave



 Who is the issuer for your insurance? I am looking at about 2% which is a

 big difference.

   


	


**Melissa Perkins**



**Account Executive**



NationAir 



85 Perimeter Road



Nashua, NH 03063



(800) 356-7075



(603) 883-1299 Fax



-- 

Dj Merrill - N1JOV

Glastar Sportsman 2+2 Builder #7118 N421DJ

http://deej.net/sportsman/



"Many things that are unexplainable happen during the construction of an 

airplane."  --Dave Prizio, 30 Aug 2005

dlm46007(at)cox.net
Guest

Posted: Mon May 05, 2008 12:39 pm Post subject: Builders Insurance

Call Falcon Insurance, the EAA (830-257-1000) insurer. During my last year I

insured 150k for 1500; will get a 750 refund since I switched to flying

insurance half way through the year. 



--

NationAir

Joined: 14 Nov 2007
Posts: 6
Location: Chesterfield, MO

Posted: Mon May 05, 2008 1:07 pm Post subject: Builders Insurance

Call Jenny Estes - NationAir - 877-475-5860



Regards,

 

Dave

--

_________________
David McCoy
Branch Manager
Light Aircraft Division
NationAir Aviation Insurance
www.nationair.com

Bill Schlatterer

Joined: 09 Jan 2006
Posts: 195

Posted: Mon May 05, 2008 4:22 pm Post subject: Builders Insurance

This is the company that JT Helms was with (retired or  promoted I think).   Just got coverage for 100K for $658 which is much  less than 1%.  That was with the 10% AOPA discount.  Policy is with  AIG Aviation.  $100 deductible. 

  

  

Jenny  Estes 

Account Executive –  Light  Aircraft Branch 

  

[img]cid:image001.jpg(at)01C898A4.6FD333F0[/img]      

PO Box  3800 

Chesterfield, MO  63006-3800 

  

[b]Toll Free (877)  475-5860    [/b] 

[b]Fax  (636)  532-3646[/b] 

[b]Email -  jestes(at)nationair.com[/b][b][/b] 

[url=blocked::http://www.nationair.com/]www.nationair.com[/url] 

[b]CA License #  0D36859[/b] 

[b][/b]  

  

The two things I think about is 1) how do I feel about  the folks I am dealing with (Jenny Estes & Nationair) and 2) how well do  they pay off if you need to collect. 

  

I am VERY satisfied with the initial service, item 1  and hope not to find out about item 2! 

  

Good luck 

  

Bill S 

7a finishing 

  

  

  

  

 



   From: owner-rv10-list-server(at)matronics.com  [mailto:owner-rv10-list-server(at)matronics.com] On Behalf Of Les  Kearney

Sent: Monday, May 05, 2008 12:06 PM

To:  rv10-list(at)matronics.com

Subject: Builders  Insurance

 

  

Hi  

  

I am looking getting builders  insurance for my -10. I am starting to accumulate parts of significant value and  they are not covered under my homeowner’s policy (I am still in my  garage). 

  

I was wondering what others are  paying for insurance, if at all, and what the rate is per $1k of  coverage. 

  

Inquiring minds need to  know 

  

Les  Kearney 

#40643 

 

[quote]



href="http://www.matronics.com/Navigator?RV10-List">http://www.matronics.com/Navigator?RV10-List

href="http://forums.matronics.com">http://forums.matronics.com

href="http://www.matronics.com/contribution">http://www.matronics.com/c

[b]

kearney(at)shaw.ca
Guest

Posted: Mon May 05, 2008 4:53 pm Post subject: Builders Insurance

Thanks Jenny  

   

I am in Canada so that may make things a bit different. Can you place builders insurance for a Canadian based risk?  

   

Cheers  

   

Les Kearney  

(780) 707-0169  

         

  

From: owner-rv10-list-server(at)matronics.com [mailto:owner-rv10-list-server(at)matronics.com] On Behalf Of Bill Schlatterer

 Sent: May-05-08 6:20 PM

 To: rv10-list(at)matronics.com

 Subject: RE: Builders Insurance  

  

   

This is the company that JT Helms was with (retired or promoted I think).   Just got coverage for 100K for $658 which is much less than 1%.  That was with the 10% AOPA discount.  Policy is with AIG Aviation.  $100 deductible.  

   

   

Jenny Estes  

Account Executive –  Light Aircraft Branch  

   

[img]cid:image001.jpg(at)01C898A4.6FD333F0[/img]       

PO Box 3800  

Chesterfield, MO 63006-3800  

   

[b]Toll Free (877) 475-5860    [/b]  

[b]Fax  (636) 532-3646[/b]  

[b]Email - jestes(at)nationair.com[/b][b][/b]  

[url=blocked::http://www.nationair.com/]www.nationair.com[/url]  

[b]CA License # 0D36859[/b]  

   

   

The two things I think about is 1) how do I feel about the folks I am dealing with (Jenny Estes & Nationair) and 2) how well do they pay off if you need to collect.  

   

I am VERY satisfied with the initial service, item 1 and hope not to find out about item 2!  

   

Good luck  

   

Bill S  

7a finishing  

   

   

   

   

   

       

  

From: owner-rv10-list-server(at)matronics.com [mailto:owner-rv10-list-server(at)matronics.com] On Behalf Of Les Kearney

 Sent: Monday, May 05, 2008 12:06 PM

 To: rv10-list(at)matronics.com

 Subject: Builders Insurance  

Hi   

   

I am looking getting builders insurance for my -10. I am starting to accumulate parts of significant value and they are not covered under my homeowner’s policy (I am still in my garage).  

   

I was wondering what others are paying for insurance, if at all, and what the rate is per $1k of coverage.  

   

Inquiring minds need to know  

   

Les Kearney  

#40643  

    	  Quote: 	
		    href="http://www.matronics.com/Navigator?RV10-List">http://www.matronics.com/Navigator?RV10-Listhref="http://forums.matronics.com">http://forums.matronics.comhref="http://www.matronics.com/contribution">http://www.matronics.com/c   	
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       [quote][b]

AirMike

Joined: 27 Feb 2007
Posts: 514
Location: Nevada

Posted: Mon May 05, 2008 7:58 pm Post subject: Builders Insurance

I was told that the insurance does not cover you during the transport to the airport. The greatest risks on you and the insurance company.



Also, I believe that most H/O policies will cover you as "contents" when it is on site in your home depending on "Contents" coverage.



Before you get your "DAR sign-off" it is just parts, and even at the airport you should have coverage of 10% of your H/O policy. Please correct me if I am incorrect on any of these details

_________________
See you OSH '18
Q/B - sold.

kearney(at)shaw.ca
Guest

Posted: Tue May 06, 2008 5:16 am Post subject: Builders Insurance

Hi



I had a long chrt about this with my H/O carrier. This is a specific

exclusion.



My aviation insurer said that the builders risk policy would cover transport

to/from the airport. In fact when I pick up my QB wings Friday in Oregon,

his policy will cover the parts while in the U-Haul to Canada.



Perhaps that is why it is more expensive than what people are seeing in the

US>



Cheers



Les Kearney

#40643

--

msausen

Joined: 25 Oct 2007
Posts: 559
Location: Appleton, WI USA

Posted: Tue May 06, 2008 5:56 am Post subject: Builders Insurance

Avemco insured me while I moved the whole project between TX and WI in a rental truck.  That being said I will probably review options again when my current policy expires this fall.



Michael



--

Kelly McMullen

Joined: 16 Apr 2008
Posts: 1188
Location: Sun Lakes AZ

Posted: Tue May 06, 2008 5:58 am Post subject: Builders Insurance

Nah, it is the risk of that steam boiler that you took out of the

Cherokee, Les. 

They don't understand alternate power/engines.



On Tue, May 6, 2008 at 6:13 AM, Les Kearney <kearney(at)shaw.ca> wrote:



[quote]

  Perhaps that is why it is more expensive than what people are seeing in the

  US>



  Cheers



  Les Kearney

  #40643





  --

_________________
Kelly McMullen
A&P/IA, EAA Tech Counselor
KCHD

kearney(at)shaw.ca
Guest

Posted: Tue May 06, 2008 7:25 am Post subject: Builders Insurance

Hmmm



For those of you who don't follow Kelley's reference, go to

http://www.kookamunga.net to see the only flying example of a "coal fired,

steam powered Cherokee". This may also explain why my -10 will have an Egg

engine.



Cheers



Les

--

jennyrvlist(at)hotmail.co
Guest

Posted: Tue May 06, 2008 10:33 am Post subject: Builders Insurance

Depending on which insurance company you go with for builders coverage you may or may not have coverage for the parts during transportation. AIG's policy covers the parts during transportation while Global does not.  Your broker can see about getting this covered with Global, it all depends on how many miles the trip to the airport is. Your broker should be able to fill you in on this.



Regards, 



Jenny Estes

NationAir Aviation Insurance

(877) 475-5860



 	  Quote: 	
		   Subject: Re: Builders Insurance

 From: Mikeabel(at)Pacbell.net

 Date: Mon, 5 May 2008 20:58:10 -0700

 To: rv10-list(at)matronics.com



 



 I was told that the insurance does not cover you during the transport to the airport. The greatest risks on you and the insurance company.



 Also, I believe that most H/O policies will cover you as "contents" when it is on site in your home depending on "Contents" coverage.



 Before you get your "DAR sign-off" it is just parts, and even at the airport you should have coverage of 10% of your H/O policy. Please correct me if I am incorrect on any of these details



 --------

 OSH '08 or Bust

 Q/B Kit - Ready to exit cabin top/door purgatory





 Read this topic online here:



 http://forums.matronics.com/viewtopic.php?p=181413#181413






	


_________________________________________________________________

Windows Live SkyDrive lets you share files with faraway friends.

http://www.windowslive.com/skydrive/overview.html?ocid=TXT_TAGLM_WL_Refresh_skydrive_052008

deej(at)deej.net
Guest

Posted: Tue May 06, 2008 3:41 pm Post subject: Builders Insurance

AirMike wrote:



 	  Quote: 	
		   Also, I believe that most H/O policies will cover you as "contents" when it is on site in your home depending on "Contents" coverage.


	


	My homeowners does not cover the airplane, even as parts in my garage. 

  I specifically asked this prior to ordering the kit.



-Dj



-- 

Dj Merrill

Sportsman 2+2 Builder #7118

http://deej.net/sportsman/



"Many things that are unexplainable happen during the construction of an

airplane."  --Dave Prizio, 30 Aug 2005

John Ackerman

Joined: 19 Jun 2006
Posts: 130
Location: Prescott, AZ

Posted: Tue May 06, 2008 6:32 pm Post subject: Builders Insurance

I'll second that recommendation.

0.65% is what I pay, with AOPA discount.

I tried all the majors, NationAir easily had the lowest rate.

John Ackerman 40458



On May 5, 2008, at 2:04 PM, Dave McCoy wrote:



 	  Quote: 	
		   



 Call Jenny Estes - NationAir - 877-475-5860

drfred(at)suddenlinkmail.
Guest

Posted: Tue May 06, 2008 7:27 pm Post subject: Builders insurance

With all this chat about builders insurance does anyone know where I can 

buy avionics shop insurance???



Dr. Fred.

dlm46007(at)cox.net
Guest

Posted: Tue May 06, 2008 7:55 pm Post subject: Builders insurance

Pay with a credit card and insist on specific delivery very shortly after

payment. 



--

Bill Schlatterer

Joined: 09 Jan 2006
Posts: 195

Posted: Wed May 07, 2008 7:13 pm Post subject: Builders Insurance

Most Homeowners policies do NOT cover piles of airplane parts in your garage

nor in a hanger.  You can say it's a kit and not an airplane until it fly's

but that doesn't wash with most insurance policies.  Specifically, neither

Farm Bureau or Travelers Insurance covers it and my insurance broker

couldn't find any that would if you actually told them it was an airplane

kit.



I wouldn't bother debating it here, just call your insurance broker and ask

him to put it in writing that your "airplane kit, engine and electronics"

are covered.  If he won't put it in writing with those words in the same

sentence, you don't have any coverage.



Just my experience, not opinion.



Thanks Bill S

RV7a



--

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