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tganster
Joined: 23 Oct 2007
Posts: 28
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 Posted: Tue Apr 01, 2008 6:33 pm Post subject: **Possible_Spam** RE: Insurance Renewal Time once again. |
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Talking of insurance, when in the building process have builder gotten hull insurance to cover their investment?
Tom Ganster 40778 wings
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Tom Ganster 40778 Fuselage |
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rene(at)felker.com
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| Posted: Tue Apr 01, 2008 6:45 pm Post subject: **Possible_Spam** RE: Insurance Renewal Time once again. |
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I did not get insurance until a couple of days before first flight. Helped me not rush the first flight……
Rene'
801-721-6080
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dlm46007(at)cox.net
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| Posted: Tue Apr 01, 2008 7:02 pm Post subject: **Possible_Spam** RE: Insurance Renewal Time once again. |
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You need flight/ground insurance when you start the engine as that procedure is not covered under builders insurance; at least the EAA broker sees it that way.
From: owner-rv10-list-server(at)matronics.com [mailto:owner-rv10-list-server(at)matronics.com] On Behalf Of Rene
Sent: Tuesday, April 01, 2008 7:42 PM
To: rv10-list(at)matronics.com
Subject: RE: **Possible_Spam** RE: RV10-List: Insurance Renewal Time once again.
I did not get insurance until a couple of days before first flight. Helped me not rush the first flight……
Rene'
801-721-6080
-----Original Message-----
From: owner-rv10-list-server(at)matronics.com [mailto:owner-rv10-list-server(at)matronics.com] On Behalf Of Tom Ganster
Sent: Tuesday, April 01, 2008 8:27 PM
To: rv10-list(at)matronics.com
Subject: RE: **Possible_Spam** RE: Insurance Renewal Time once again.
Talking of insurance, when in the building process have builder gotten hull insurance to cover their investment?
Tom Ganster 40778 wings
-----Original Message-----
From: owner-rv10-list-server(at)matronics.com [mailto:owner-rv10-list-server(at)matronics.com] On Behalf Of John W. Cox
Sent: Tuesday, April 01, 2008 5:23 PM
To: rv10-list(at)matronics.com
Subject: **Possible_Spam** RE: RV10-List: Insurance Renewal Time once again.
Here is one big reason to sift through all of the posts during the year. Great Information.
Fly Safe, Fly Often, Fly RV-10s
John Cox
From: owner-rv10-list-server(at)matronics.com [mailto:owner-rv10-list-server(at)matronics.com] On Behalf Of Condrey, Bob (US SSA)
Sent: Tuesday, April 01, 2008 10:00 AM
To: rv10-list(at)matronics.com
Subject: RE: Insurance Renewal Time once again.
Ray, good info - thanks!
I have some additional data to contribute since I very recently received quotes. AIG had a premium of $3,261 for a 150k hull value as an instrument rated pilot with roughly 400 hours TT and 11 hours make/model. This includes a 5% discount for being a member of AOPA. I had one other quote from AIM for $3,050. Difference between the two was essentially in coverage of first flight and during the flyoff period. The AIG quote covers everything but with increased deductible and lower liability during the flyoff period. AIM didn’t cover first flight but did include an Open Pilot Warranty with requirements of 500 hours TT and 10 hours make/model.
AIG has a breakpoint at 100 hours make/model where a discount comes into play.
AIG also has a discount (10% I think) for Technologically Advanced Aircraft. You have to meet the requirements when the quote is generated to get the discount (unfortunately I didn’t know this and didn’t have an IPC within the last year so didn’t get the discount this time). Following are the requirements for that discount:
Aircraft Requirements:
1. IFR certified GPS
2. Moving map display
3. 2 axis autopilot
Plus 2 of the following systems installed on-board and operational:
Terrain awareness such as TAWS, GPWS or EGPWS
Traffic avoidance (TCAS)
Weather monitoring equipment such as stormscope, datalink or radar
Advanced fuel management such as a fuel totalizer
RNP capability
Pilot Requirements:
1. Private or more advanced pilot certificate with instrument rating
2. Completion of an IPC within the previous 12 months and annually thereafter in the make and model aircraft to be operated
3. Attend/complete 1 of 5 ASF courses in the preceding 12 months related to:
a. Single pilot IFR
b. Datalink
c. Thunderstorms
d. IFR GPS
e. Runway Safety
Bob #40105
So close…
From: owner-rv10-list-server(at)matronics.com [mailto:owner-rv10-list-server(at)matronics.com] On Behalf Of Doerr, Ray R [NTK]
Sent: Tuesday, April 01, 2008 11:05 AM
To: rv10-list(at)matronics.com
Subject: Insurance Renewal Time once again.
It’s that time again when my Insurance Renewal is up on my RV-10. I thought I would share with the group what I was just told about how much it was going to cost me this year for insurance.
My RV-10 (N519RV) is currently insured with AIG. Last year my premium was $3,144, for a hull value of $150,000. At the time of that renewal, I was an Instrument rated pilot with roughly 300 hours total time and 150 hours in make and model.
This year, (renewal on April 20, 2008) AIG’s premium is $2,714 for the same $150,000 hull value, that’s $430 cheaper than last year. That make me happy. And since I have been considering increasing the hull value, I had them quote it for $170,000 hull value. That quote came in at $3,018.
Now to compare, the quote for $150,000 with Global Aerospace was $3,520
Now I just need to figure out if I wan’t to increase the hull value or not with AIG.
Thank You
Ray Doerr
N519RV (40250)
[/b]http://www..matronics.com/Navigator?RV10-Listhttp://forums.matronics.com[/b] | Quote: | | [b]http://www.matronics.com/contribution |
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| | - The Matronics RV10-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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