AV8ORJWC
Joined: 13 Jul 2006
Posts: 1149
Location: Aurora, Oregon "Home of VANS"
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 Posted: Sun Nov 19, 2006 8:58 am Post subject: [LML] Re: Insurance Training |
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To Rick Sked, Bob and those thinking about Insurance alternatives. Here is a historical perspective on the value of a controlled pool of insured’s and the value of regular annual High Performance Training beyond the token ten hours of initial Transition Training. Don’t read this wrong, Mike Seager does a great job with Transition. Annual HP training includes looking at every accident, each cause, critical flight maneuvers and demonstrating mastery of the skills needed to avoid the outcome.
This was the solution to the Effect and the Cause was a lot of motivated builders, lacking adequate skills flying beyond their ability in High Performance Aircraft. This is now the norm with Cirrus, Columbia and Lancair. The FAA is following the trend on frequency of loss and correlation to training. The potential is there for everyone at about the time you are 90% complete.
From: Lancair Mailing List [mailto:lml(at)lancaironline.net] On Behalf Of VTAILJEFF(at)aol.com
Sent: Sunday, November 19, 2006 8:17 AM
To: lml(at)exmf005-1.intermedia.net
Subject: [LML] Re: Insurance
Pilot: ATP, CFII, 7000+ TT, 800+ time in type Lancair IVP initial and annual recurrent factory training
Aircraft: LIVP TSIO 550, factory inspection program
Insurance: $400,000 hull ($100,000 per seat) Falcon broker with AIG underwriter
Premium: 2006 : $7,713
2005 : $7,513
Policy Premium before Lancair Insurance Program:
2004 : $12,875 (Global)
Thanks Joe B. -- I owe you a lot of beers!
Jeff
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