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Sbennett3(at)AOL.COM
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 Posted: Mon Dec 10, 2007 4:39 pm Post subject: insurance |
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Can anyone that knows ins. tell me if this is fair, and also should I be looking for more or less coverage ??? Annual premium is 1429 dollars. And I have appx 50 hrs in my kitfox 4 Thanks. Steve B
LIABILITY$1,000,000 Combined Single Limit Bodily Injury (passenger Bodily Injury limited to $100,000 each person) and Property Damage.
MEDICAL PAYMENTS: $3,000 each person including the pilot.
HULL: Ground and Flight, Deductibles $100; Insured Value $30,000
PURPOSE OF USE: "Pleasure and Business" excluding any operations for which a charge is made to others.
TERRITORIAL LIMITS: U.S. (excluding Hawaii), Canada, Caribbean and Mexico (Mexican law requires additional minimal limits of liability through a Mexican company. Contact us for more information if Mexican operations are anticipated).
NAMED PILOT ONLY: Steve Bennett
See AOL's top rated recipes and easy ways to stay in shape for winter.
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RRTRACK(at)aol.com
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| Posted: Mon Dec 10, 2007 4:47 pm Post subject: insurance |
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Steve
I think it depend on how much total tail dragger time you have as well. I have 400 hours in taildraggers and pay around $1,200 a year for about the same coverage.
Mark
Kitfox 5 Vixen
912UL IVO
Hartford, Wisconsin
See AOL's top rated recipes and easy ways to stay in shape for winter.
[quote][b]
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Sbennett3(at)AOL.COM
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Tom Jones
Joined: 12 Mar 2006
Posts: 752
Location: Ellensburg, WA
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| Posted: Mon Dec 10, 2007 5:19 pm Post subject: Re: insurance |
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Steve, My insurance with AIG is a little over $1400 with same liability as yours and $20,000 hull. They give a 5% discount to AOPA members which brings it down to 13 something. That discount pays for my AOPA membership plus a little extra.
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_________________
Tom Jones
Classic IV
503 Rotax, 72 inch Two blade Warp
Ellensburg, WA |
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RRTRACK(at)aol.com
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| Posted: Mon Dec 10, 2007 5:55 pm Post subject: insurance |
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Insurance will pay the amount insured for without question if all your paperwork is in order and everything is legal. They look at these as much as the plane. Some keep the hull insurance for the first year and then just keep the liability after that. That would cut the insurance cost in half. In 20 years with a tail dragger I have never had any major damage to my planes. Never even close to a ground loop. But a forced landing in poor conditions can total a plane quickly. But I feel I have a far better chance to walk away from a forced landing at 35 MPH than 60, this is just another great reason I like to fly the Kitfox and Avid's.
Mark
Kitfox 5 Vixen
912UL IVO
Hartford, Wisconsin
See AOL's top rated recipes and easy ways to stay in shape for winter.
[quote][b]
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MichaelGibbs(at)cox.net
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| Posted: Mon Dec 10, 2007 8:22 pm Post subject: insurance |
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Steve sez:
| Quote: | Can anyone that knows ins. tell me if this is fair...
LIABILITY$1,000,000 Combined Single Limit Bodily Injury (passenger
Bodily Injury limited to $100,000 each person) and Property Damage.
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I can tell you from my experience with a serious crash that the
$100,000 per seat limit is a joke. I was covered by other insurance
but my injuries came to almost $500,000 while my passenger's
expenses, which were paid out of my aircraft insurance, came to
$125,000.
Do yourself a favor and ask them to quote "smooth coverage." Smooth
coverage has no per-seat limits. It will cost a bit more, but the
entire $1,000,000 will be available to cover everyone involved, on
the ground or in the airplane.
These days, an accident that injures other people could ruin you
financially. If you have any assets at all (house? savings?
retirement accounts?) it's critical that you protect them.
The $34,000 they paid me for the "hull" is what allowed me to build
another Kitfox.
Mike G.
N728KF
Phoenix, AZ
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thesupe(at)hotmail.com
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| Posted: Mon Dec 10, 2007 8:25 pm Post subject: insurance |
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I don't have the hull coverage on my Avid Mk IV, and my libility is only 250,000 but I'm paying $366 through Falcon Ins. from EAA. It is for noncomercial use only and I don't think you are allowed to use an experimental for commercial use anyway, and I am the only pilot listed on the policy. I had less time than you in the Avid when I got this policy 2 1/2 years ago. Jim Chuk, Avid MK IV
| Quote: | From: Sbennett3(at)aol.com
Date: Mon, 10 Dec 2007 19:25:45 -0500
Subject: insurance
To: kitfox-list(at)matronics.com
Can anyone that knows ins. tell me if this is fair, and also should I be looking for more or less coverage ??? Annual premium is 1429 dollars. And I have appx 50 hrs in my kitfox 4 Thanks. Steve B
LIABILITY$1,000,000 Combined Single Limit Bodily Injury (passenger Bodily Injury limited to $100,000 each person) and Property Damage.
MEDICAL PAYMENTS: $3,000 each person including the pilot.
HULL: Ground and Flight, Deductibles $100; Insured Value $30,000
PURPOSE OF USE: "Pleasure and Business" excluding any operations for which a charge is made to others.
TERRITORIAL LIMITS: U.S. (excluding Hawaii), Canada, Caribbean and Mexico (Mexican law requires additional minimal limits of liability through a Mexican company. Contact us for more information if Mexican operations are anticipated).
NAMED PILOT ONLY: Steve Bennett
See AOL's top rated recipes and easy ways to stay in shape for winter.
| Quote: |
blank>http://www.matronics.com/contribution
arget=_blank>http://www.matronics.com/Navigator?Kitfox-List
p://forums.matronics.com
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Share life as it happens with the new Windows Live. Share now! [quote][b]
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lcfitt(at)sbcglobal.net
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| Posted: Mon Dec 10, 2007 9:41 pm Post subject: insurance |
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I hadn't thought of it this way as we haven't been informed of the total
hospital costs. After our "hard landing" the Emergency room visits were
about $25,000 and $39,000 for me and my wife respectively. That was for
about 6 hours there for me ( I got a tetanus shot and a series of x-rays
that missed two of the three compression fractures in my back), and eleven
hours for her ( she had minor surgery to clean out a wound on her leg).
Factor in a 12 day hospital stay for me and about a week for my wife and I
guess we went past the 100K mark as well. Fortunately we had excellent
medical insurance coverage, so out of pocket was zero.
The three thousand for medical for each seat is a joke - sorry to say. I
doubt a band aid at an emergency room would be covered by that. In fact,
our ambulance rides ate almost half - each. I guess the aviation insurance
company agreed with this as they wrote those checks regardless of out of
pocket expenses.
I was not aware of the type of insurance Mike mentioned, but his e-mail is
definitely a keeper for future consideration. Us old retired dudes living
on savings, just don't have the time left to recoup major losses.
My insurance was exactly as reported, but the premium was apportioned
smaller by about $300 as all my hours are in tailwheel airplanes - just
under 1100 hours. And in fairness to the insurance company, there were
absolutely no hassles. They met their contract obligations exactly and
promptly. As with Mike, the hull coverage is what allows for a hoped
return.
Lowell
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So they'll give me 30000 if I wreck the plane and survive ? that's hull ins ? I understand the Liability and bodily injury. Steve B
