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Insurance-- hour threshold for decrease

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saolesen(at)sirentel.net
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Posted: Thu Nov 05, 2009 7:54 am Post subject: Insurance-- hour threshold for decrease

Does anyone know what the hour threshold is to get a substantial cost  

decrease in their insurance policy?

I would probably have around 130 on renewal in Dec.

Sheldon Olesen

N475PV  119 hrs

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ricksked(at)embarqmail.co
Guest

Posted: Thu Nov 05, 2009 8:18 am Post subject: Insurance-- hour threshold for decrease

Not so much hours as it is the IFR rating...that will save you a bunch...he cost of the rating will repay you in two years.  My premium for 150k 160 hours is 3K a year. 1600 if I was IFR

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Tim Olson

Joined: 25 Jan 2007
Posts: 2872

Posted: Thu Nov 05, 2009 8:32 am Post subject: Insurance-- hour threshold for decrease

I don't know for sure, but I think 200 hours was one

milestone, but that may be more total pilot time than

time on the plane.



I don't know that there is an exact number threshold

for just how much time you have on the RV-10. I think

the amount of time in the past 6 months or 90 days, or

year (depends on the carrier) makes a difference, and

your total time in make and model, and Instrument rating,

and all that stuff kind of mixes up the grand total.



There are some that are defined though, like with the

"TAA" thing, for Technically advanced Aircraft, that's

a defined percentage.  And, I think the instrument

rating is like a 10% thing too.



You will likely see a decrease each year for a while

if the market stays as it was.  But, I did just

see that one of the reinsurers is leaving the market

and the talk was that it was going to be good for

the insurance carriers because the rates have been

getting "soft" lately.  So in translating, that's

probably part of why we've seen some good decreases

the last couple years, but it may turn in the other

direction in the future a bit....especially if another

reinsurer leaves the market.

Tim Olson - RV-10 N104CD

do not archive

Sheldon Olesen wrote:

 	  Quote: 	
		   

 

 Does anyone know what the hour threshold is to get a substantial cost 

 decrease in their insurance policy?

 I would probably have around 130 on renewal in Dec.

 

 

 Sheldon Olesen

 N475PV  119 hrs

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dlm46007(at)cox.net
Guest

Posted: Thu Nov 05, 2009 8:36 am Post subject: Insurance-- hour threshold for decrease

I think a normal break is about 1000; however an instrument rating and/or

commercial license should improve it some. 



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planesmith(at)hotmail.com
Guest

Posted: Fri Nov 06, 2009 7:36 am Post subject: Insurance-- hour threshold for decrease

Hi Sheldon C

  

 If you are interested in the TAA deduction that Tim mentioned C here is a simplified requirement list. It will knock 10% off.

  

 Vern Smith (#324 finishing?) 

 

 	  Quote: 	
		   To: rv10-list(at)matronics.com

 From: saolesen(at)sirentel.net

 Subject: RV10-List: Insurance-- hour threshold for decrease

 Date: Thu C 5 Nov 2009 09:53:52 -0600

 

 --> RV10-List message posted by: Sheldon Olesen <saolesen(at)sirentel.net>

 

 Does anyone know what the hour threshold is to get a substantial cost 

 decrease in their insurance policy?

 I would probably have around 130 on renewal in Dec.

 

 

 Sheldon Olesen> 

 

 

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Equipment_Description_for_TAA_Discount[1].pdf

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