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Insurance Inquiry

 
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andynfultz(at)bellsouth.n
Guest
PostPosted: Wed Apr 09, 2008 11:16 am    Post subject: Insurance Inquiry Reply with quote
I know this subject has been discussed many times and all the information
I have saved is over a year or two old. I'm just checking to see if the
quote I got seems to be in line with what others are paying.
I am able to prove about 450 hours of flight time (lost one log book
somewhere along the way) about 80 of which is tail-wheel time. 55 hours of
the tail-wheel time is in an AVID which is what I am building (with a
STRATUS EA-81 engine). The quote I received is from Falcon Ins. through
EAA. The quote is $1740.00 annually. That would give me $32,000 on the
hull and $1mil liability. If I choose liability only the quote is $650.00.
Builder's risk, which I think I need now, is $400.00 annually. This policy
will cover first flight with no requirement for dual due to the time I have
in make/model.
Do these figures seem to be in line with what you are paying? I
appreciate your comments. Thanks.

Andy F.

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kirkhull(at)kc.rr.com
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PostPosted: Wed Apr 09, 2008 1:24 pm    Post subject: Insurance Inquiry Reply with quote
That is about the same as what I pay for the same coverage for full coverage
on a classic VI also with a STRATUS EA-81 engine.

--

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LarryM



Joined: 27 Nov 2007
Posts: 63
Location: Genoa, IL
PostPosted: Wed Apr 09, 2008 2:53 pm    Post subject: Re: Insurance Inquiry Reply with quote
Andy,

I have an independent agent who may be able to beat that. He beat Falcon by a lot each year. We have slightly different airplane/experience, so no sense of us guessing. I have no interests in him, but if you would like his info PM me.

larry

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Guy Buchanan



Joined: 16 Jul 2006
Posts: 1204
Location: Ramona, CA
PostPosted: Wed Apr 09, 2008 4:33 pm    Post subject: Insurance Inquiry Reply with quote
At 12:13 PM 4/9/2008, you wrote:
Quote:
The quote is $1740.00 annually. That would give me $32,000 on the
hull and $1mil liability. If I choose liability only the quote is $650.00.
Builder's risk, which I think I need now, is $400.00 annually. This policy
will cover first flight with no requirement for dual due to the time I have
in make/model.

Looks about right to me. I pay about $580 to Avemco for $1M liability.
Guy Buchanan
San Diego, CA
K-IV 1200 / 582-C / Warp / 100% done, thanks mostly to Bob Ducar.

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_________________
Guy Buchanan
Deceased K-IV 1200
A glider pilot too.
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Catz631(at)aol.com
Guest
PostPosted: Thu Apr 10, 2008 4:09 am    Post subject: Insurance Inquiry Reply with quote
Andy,
Avemco quoted me pretty much the same amount you were talking about. I have a friend with an Ercoupe who told me about a company that his members use. I was able to insure my Kitfox for $30,000, ground and air for $995. The underwriter was AIG. My Kitfox has been flying since 2002 so I am sure that would probably make a rate difference
        Dick Maddux
        Pensacola,Fl

Planning your summer road trip? Check out AOL Travel Guides.
[quote][b]

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