321PT
Joined: 23 May 2006
Posts: 40
Location: Texas
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 Posted: Mon Mar 10, 2008 8:11 am Post subject: A/C Insurance when flying as Sport PilotA/C Insurance when |
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I am insured through Falcon, who is using AIG for my insurer. My insurance went down 30% this year. I insure My 701 for Liability and Hull insurance (not in motion). I am mostly concerned about the things I have no control over in regard to the hull (windstorm, etc). Sure makes me a little more conservative in the way I fly when the buck stops with me.
You insure what you cannot afford to lose and assume what loss you can afford to lose (so to speak). Insurance is not all the same even from the same insurer. The cost and coverage of insurance can also depend upon how the broker presents your "case" to the insurer. Experienced brokers know what the insurance underwriter wants to hear and how he wants to hear it. Underwriters knows the brokers he trusts and the ones he doesn't. Anything an underwriter is not familiar with or is unsure about will cost more. It is not about sticking it to anyone, it is about risk, what they feel is acceptable, and what amount of money makes the risk acceptable. Find a broker who knows their business and the class of planes you are flying and try to stick with them. It pays in the long-run.
CH701SP
321PT
170 hours
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