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Project Insurance

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slook(at)mchsi.com
Guest

Posted: Mon Jun 20, 2011 8:06 am Post subject: Project Insurance

I have the opportunity to move my 601 project out to the local FBO 

hanger and I'm wondering about insurance. I've talked to my 

home-owner's and commercial insurance provider and they have offered 

to add a rider to my commercial policy. The home-owner's policy won't touch it.



I'm wondering what other's are doing.



It was something of a shock to discover that with my project at home 

in the garage, it wasn't covered by the home-owner's policy. It is 

just an assembly of aluminum that might be an airplane someday....



Steve



Steve Look

Monticello, IL

www.ilrt66.com

"Dogs have owners, Cats have staff"

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psm(at)att.net
Guest

Posted: Mon Jun 20, 2011 8:23 am Post subject: Project Insurance

Hi Steve,



I've tried a couple of different aviation insurance brokers.  First I 

bought a policy (on a leased S-LSA) from the EAA "Blessed" broker - 

Falcon insurance.  The results were so  horrible I changed to Regal 

insurance in Hillsboro, OR.  Falcon in TX uses a production line 

organization so that different employees sell and service policies while 

Regal uses a more normal insurance broker arrangement where your broker 

does all customer contact with a given customer.



There are a number of aviation specialty insurance brokers in the 

country.  I'm sure you can find them by searching the internet or 

aviation publications.  Avemco is also available, but they sell direct 

rather than using brokers.  That means you don't have a broker to 

intercede between you and the insurance company if there is a problem.



Regal managed to find me an insurance company that would write insurance 

for me without any time in type in the Zodiac XL.  That is what I asked 

for since there are few such planes available to get time.  This might 

not work for anybody else though since I had 80 hours in a similar model 

(Tecnam Echo Super) in the last 2 years.



Paul

On 6/20/2011 9:02 AM, Steve Look wrote:

 	  Quote: 	
		   



 I have the opportunity to move my 601 project out to the local FBO 

 hanger and I'm wondering about insurance. I've talked to my 

 home-owner's and commercial insurance provider and they have offered 

 to add a rider to my commercial policy. The home-owner's policy won't 

 touch it.



 I'm wondering what other's are doing.



 It was something of a shock to discover that with my project at home 

 in the garage, it wasn't covered by the home-owner's policy. It is 

 just an assembly of aluminum that might be an airplane someday....



 Steve



 Steve Look

 Monticello, IL

 www.ilrt66.com

 "Dogs have owners, Cats have staff"

- The Matronics Zenith601-List Email Forum -

Use the List Feature Navigator to browse the many List utilities available such as the Email Subscriptions page, Archive Search & Download, 7-Day Browse, Chat, FAQ, Photoshare, and much more:

http://www.matronics.com/Navigator?Zenith601-List

slook(at)mchsi.com
Guest

Posted: Mon Jun 20, 2011 8:39 am Post subject: Project Insurance

This is just all the parts and assemblies, not an airplane yet. I 

want some kind of coverage in case a storm drops the hanger on it or 

somebody drives a fork lift over it.



Steve

At 11:20 AM 6/20/2011, you wrote:

 	  Quote: 	
		  



I've tried a couple of different aviation insurance brokers.


	


Steve Look

Monticello, IL

www.ilrt66.com

"Dogs have owners, Cats have staff"

- The Matronics Zenith601-List Email Forum -

Use the List Feature Navigator to browse the many List utilities available such as the Email Subscriptions page, Archive Search & Download, 7-Day Browse, Chat, FAQ, Photoshare, and much more:

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psm(at)att.net
Guest

Posted: Mon Jun 20, 2011 8:44 am Post subject: Project Insurance

You can get that kind of coverage.  I think it is called "Not in motion" 

or "Hull" insurance.

On 6/20/2011 9:36 AM, Steve Look wrote:

 	  Quote: 	

 This is just all the parts and assemblies, not an airplane yet. I want 

 some kind of coverage in case a storm drops the hanger on it or 

 somebody drives a fork lift over it.

 Steve

 At 11:20 AM 6/20/2011, you wrote:

> 

>

> I've tried a couple of different aviation insurance brokers.

 Steve Look

 Monticello, IL

 www.ilrt66.com

 "Dogs have owners, Cats have staff"

- The Matronics Zenith601-List Email Forum -

Use the List Feature Navigator to browse the many List utilities available such as the Email Subscriptions page, Archive Search & Download, 7-Day Browse, Chat, FAQ, Photoshare, and much more:

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jimandmandy(at)yahoo.com
Guest

Posted: Mon Jun 20, 2011 12:49 pm Post subject: Project Insurance

I have my project insured with AVEMCO. They have been very good about it. You state the value and they quote a price based on the fact that its not yet flying. I hope that since I have a history with them that might help with getting it insured once its time to fly. Falcon and AOPA are brokers, not actual insurance companies, like AVEMCO or Allstate, for example.



My homeowners (State Farm) is very clear that they want nothing to do with aircraft or even aircraft parts.



--- On Mon, 6/20/11, Steve Look <slook(at)mchsi.com> wrote:



 	  Quote: 	
		   From: Steve Look <slook(at)mchsi.com>

 Subject: Project Insurance

 To: zenith601-list(at)matronics.com

 Date: Monday, June 20, 2011, 9:02 AM

 --> Zenith601-List message posted

 by: Steve Look <slook(at)mchsi.com>

 

 I have the opportunity to move my 601 project out to the

 local FBO hanger and I'm wondering about insurance. I've

 talked to my home-owner's and commercial insurance provider

 and they have offered to add a rider to my commercial

 policy. The home-owner's policy won't touch it.

 

 I'm wondering what other's are doing.

 

 It was something of a shock to discover that with my

 project at home in the garage, it wasn't covered by the

 home-owner's policy. It is just an assembly of aluminum that

 might be an airplane someday....

 

 Steve

 

 

 

 Steve Look

 Monticello, IL

 www.ilrt66.com

 "Dogs have owners, Cats have staff" 

 

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naumuk(at)windstream.net
Guest

Posted: Mon Jun 20, 2011 1:34 pm Post subject: Project Insurance

On 06/20/2011 12:02 PM, Steve Look wrote:

 	  Quote: 	
		   



 I have the opportunity to move my 601 project out to the local FBO 

 hanger and I'm wondering about insurance. I've talked to my 

 home-owner's and commercial insurance provider and they have offered 

 to add a rider to my commercial policy. The home-owner's policy won't 

 touch it.



 I'm wondering what other's are doing.



 It was something of a shock to discover that with my project at home 

 in the garage, it wasn't covered by the home-owner's policy. It is 

 just an assembly of aluminum that might be an airplane someday....



 Steve



 Steve Look

 Monticello, IL

 www.ilrt66.com

 "Dogs have owners, Cats have staff"



Steve-
	


     Same with me- Allstate wants nothing to do with either aircraft or 

car projects. Contacted EAA- they recommended talking to Falcon. If you 

try someone else like AVEMCO, post the results so we can have an on-list 

comparison.

                                                                         

                                                                         

Bill

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