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Paul Richardson
Joined: 10 Jan 2006
Posts: 3
Location: O'Fallon, MO
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 Posted: Mon Mar 06, 2006 8:09 pm Post subject: Insurance Premium Up |
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Hello,
I just received my insurance quote for our RV-6A, and it is up $100. Is that fairly common?
Thanks,
Paul Richardson
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_________________
Paul Richardson
RV-6A 106RV |
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luckymacy(at)comcast.net
Guest
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| Posted: Tue Mar 07, 2006 2:51 am Post subject: Insurance Premium Up |
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Who is your broker and who is your underwriter?
-------------- Original message --------------
From: "Sherri & Paul Richardson" <prichar(at)mail.win.org>
| Quote: |
Hello,
I just received my insurance quote for our RV-6A, and it is up $100. Is that
fairly common?
Thanks,
Paul Richardson
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Who is your broker and who is your underwriter?
-------------- Original message --------------
From: "Sherri Paul Richardson" prichar(at)mail.win.org
-- RV-List message posted by: "Sherri Paul Richardson" <PRICHAR(at)MAIL.WIN.ORG>
Hello,
I just received my insurance quote for our RV-6A, and it is up $100. Is that
fairly common?
Thanks,
Paul Richardson
===========================
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jhelms(at)nationair.com
Guest
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| Posted: Tue Mar 07, 2006 6:54 am Post subject: Insurance Premium Up |
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Paul, I'd guess you're insured with AIG for a couple reasons. From the FAA
registry (if I found the right one) there are 5 owners, and I think it's
more likely for AIG to write a group like than than the other company
(Global Aerospace's EAA Program). Also, AIG typically has a 3-5% increase
just about every year. Inflation on the cost of claims is normally sighted
as the reason. Most of the other companies increase their premiums less
regularly, but often by larger amounts so it evens things out.
I would recommend that you do make sure that (if at least one of the group
of owners is an AOPA member) the renewal quote includes AIG's AOPA discount.
Only one owner/pilot has to supply their valid AOPA number for that to
apply. AIG has been getting better at applying that discount at renewals if
it was applied the previous year, but it does get missed sometimes.
Hope that helps.
John "JT" Helms
Branch Manager
NationAir Insurance Agencies, Inc.
***Notice to All Recipients***
Please be advised that we cannot bind, modify, or cancel coverage via the
Internet, email or voicemail. Please call our office at (877) 475-5860 to
speak with a NationAir Representative. Thank you for your cooperation.
***Confidentiality Notice***
The Information in this email and any attachments therein is intended for
the addressee(s) only and may contain confidential information. If you are
not the intended recipient of this email, you are hereby notified that any
dissemination, distribution or copying of this email and/or any attachments
thereto is strictly prohibited. If you receive this email in error, please
notify us immediately by email, attaching the original message, and delete
the original message from your system.
--
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jack.lockamy(at)navy.mil
Guest
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| Posted: Tue Mar 07, 2006 7:59 am Post subject: Insurance Premium Up |
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Mine just went DOWN $354 after the first year of claim-free flight! Was $1783 first year... just renewed for $1429!
Particulars are:
Broker: Falcon Insurance Agency (EAA Ins. Program), Kerrville, TX (866-647-4322)
Underwriter: AIG
Aircraft: RV-7A
Coverage: Full ($75K hull value and $1 million liability)
Pilot: 1000 hrs, MEI, ASEL, (280 hrs tail wheel)
Hours in type: 185
Accidents/claims: One (1) 9/8/2002 (see http://www.ntsb.gov/ntsb/brief2.asp?ev_id=3D20020913X01607&ntsbno=3DLAX02LA279&akey=3D1 )
I really like the folks at Falcon Insurance Agency. They took real good care of me after my Sonex crash. Their agent actually called the Intensive Care unit where I was hospitalized within 8 hours of my accident! They ensured my girlfriend that she should contact them immediately if I needed anything at all. That's good service and it made my family feel MUCH better during a bad situation... They were extremely easy to work with. Even if their rates were higher than a competitor's, I would pay the difference for the outstanding service they provide.
My two cents,
Jack Lockamy
RV-7A N174JL
Camarillo, CA
www.jacklockamy.com
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