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Falcon Insurance Agency -- EAA's representative

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aprazer

Joined: 24 Nov 2006
Posts: 93
Location: Boise, Idaho

Posted: Mon Dec 27, 2010 4:30 pm Post subject: Falcon Insurance Agency -- EAA's representative

Ladies and Gents,



I'm "mad as hell"! 



I hope that you will let me vent my anger on this communiqué. 



It'll give you a heads up on what is coming down the pike.



I received my bill from Falcon this date for $1325 for my XL, a $372 increase over last year. This is an increase of 39.03%! 



This policy is a "Not-in Motion" coverage. The fuselage is sitting in my hangar and the wings are in my garage, 30 miles apart from each other, while undergoing the modification.



Now, there have been no changes in coverages, no claims, no nothing.



Global is & has been the underwriter.



Talking with Kathleen Ring, Falcon's representative, she states that due to the high losses with the XLs have experienced (12 or ??) that the rates have gone up. The other two companies that Falcon represents won't insure a XL unless it has had the wing mod, whether it is in motion or not.



This just does not make sense -- my bird has not moved under it's own power for a year and won't anytime in the very near future and they still want a higher premium.



I asked Ms Ring if she would plead my case with the underwriter -- I received a negative answer.



Global still insures V-tail Bonanzas, Ercoupes, Tomahawks, etc. all the other aircraft that have and still break up in flight. You don't hear their owners complain about outrageous premiums.



Any suggestions?????



Mack, the much poorer ol unemployed farm boy from Idaho

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_________________
The poh-oh-unemployed farm boy from Idaho

bryanmmartin

Joined: 10 Jan 2006
Posts: 1018

Posted: Mon Dec 27, 2010 6:20 pm Post subject: Falcon Insurance Agency -- EAA's representative

I looked for liability insurance for my 601XL and could not find one that would write a policy at any price because my airplane has not been modified.



Chip Lennemann from Aerospace Risk Management Group, Inc. was a guest speaker at my local EAA chapter meeting this month. Just for a lark, I asked him if he was aware of the problem of obtaining insurance for the 601XL. He asked me to send him an email with the details about my airplane and my pilot experience. He checked with six insurers and found me a policy through Chartis for $319 a year. This is a one million dollar liability policy with no hull coverage.



http://www.avnins.net/



chiplennemann(at)avnins.net



On Dec 27, 2010, at 7:30 PM, aprazer wrote:



 	  Quote: 	
		   

 It'll give you a heads up on what is coming down the pike.

 

 I received my bill from Falcon this date for $1325 for my XL, a $372 increase over last year. This is an increase of 39.03%! 

 

 This policy is a "Not-in Motion" coverage. The fuselage is sitting in my hangar and the wings are in my garage, 30 miles apart from each other, while undergoing the modification.

 

 Global is & has been the underwriter.

 

 Talking with Kathleen Ring, Falcon's representative, she states that due to the high losses with the XLs have experienced (12 or ??) that the rates have gone up. The other two companies that Falcon represents won't insure a XL unless it has had the wing mod, whether it is in motion or not.

 

 This just does not make sense -- my bird has not moved under it's own power for a year and won't anytime in the very near future and they still want a higher premium.

 

 I asked Ms Ring if she would plead my case with the underwriter -- I received a negative answer.

 

 Global still insures V-tail Bonanzas, Ercoupes, Tomahawks, etc. all the other aircraft that have and still break up in flight. You don't hear their owners complain about outrageous premiums.

 


	


-- 

Bryan Martin

N61BM, CH 601 XL,

RAM Subaru, Stratus re-drive.

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_________________
--
Bryan Martin
N61BM, CH 601 XL, Stratus Subaru.
do not archive.

aprazer

Joined: 24 Nov 2006
Posts: 93
Location: Boise, Idaho

Posted: Mon Dec 27, 2010 7:04 pm Post subject: Re: Falcon Insurance Agency -- EAA's representative

Bryan,

Thank you for the introduction to Aerospace Risk Management Group, Inc...

I have submitted an application this date. Let's see what happens.

Again, thanks.

Mack

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The poh-oh-unemployed farm boy from Idaho

paulrod36(at)msn.com
Guest

Posted: Mon Dec 27, 2010 7:46 pm Post subject: Falcon Insurance Agency -- EAA's representative

<?xml:namespace prefix="v" /><?xml:namespace prefix="o" /><![endif]-->  Bryan, YOU DA MAN!...Having built our own airplanes, we can rebuild  them  for less than a smaller repair at a shop. Like you, all I see need  for is liability, If I break it, I know who can fix it for the cost of materials  and parts.-----I'll remember these guys when it's time.

 [quote]    

   Paul R 

    

    

    

    

   From: Bryan Martin (bryanmmartin(at)comcast.net) 

   To: zenith601-list(at)matronics.com (zenith601-list(at)matronics.com)    

   Sent: Monday, December 27, 2010 8:16    PM

   Subject: Re: Falcon    Insurance Agency -- EAA's representative

   



--> Zenith601-List message posted by: Bryan Martin <bryanmmartin(at)comcast.net (bryanmmartin(at)comcast.net)>



I    looked for liability insurance for my 601XL and could not find one that would    write a policy at any price because my airplane has not been    modified.



Chip Lennemann from Aerospace Risk Management Group, Inc. was    a guest speaker at my local EAA chapter meeting this month. Just for a lark, I    asked him if he was aware of the problem of obtaining insurance for the 601XL.    He asked me to send him an email with the details about my airplane and my    pilot experience. He checked with six insurers and found me a policy through    Chartis for $319 a year. This is a one million dollar liability policy with no    hull coverage.



http://www.avnins.net/



chiplennemann(at)avnins.net (chiplennemann(at)avnins.net)



On    Dec 27, 2010, at 7:30 PM, aprazer wrote:



 	  Quote: 	
		   

 It'll give you a    heads up on what is coming down the pike.

 

 I received my bill    from Falcon this date for $1325 for my XL, a $372 increase over last year.    This is an increase of 39.03%! 

 

 This policy is a "Not-in    Motion" coverage. The fuselage is sitting in my hangar and the wings are in my    garage, 30 miles apart from each other, while undergoing the    modification.

 

 Global is & has been the    underwriter.

 

 Talking with Kathleen Ring, Falcon's    representative, she states that due to the high losses with the XLs have    experienced (12 or ??) that the rates have gone up. The other two companies    that Falcon represents won't insure a XL unless it has had the wing mod,    whether it is in motion or not.

 

 This just does not make sense    -- my bird has not moved under it's own power for a year and won't anytime in    the very near future and they still want a higher premium.

 

 I    asked Ms Ring if she would plead my case with the underwriter -- I received a    negative answer.

 

 Global still insures V-tail Bonanzas,    Ercoupes, Tomahawks, etc. all the other aircraft that have and still break up    in flight. You don't hear their owners complain about outrageous    premiums.

 


	


-- 

Bryan Martin

N61BM, CH 601    XL,

RAM Subaru, Stratus      -- Please Support Your Lists This Month    (And Get  the Annual  link  Free     title=http://www.aeroelectric.com/    sp;       * The Builder's Bookstore http://www.matronics.com/c  Thank you for your generous    ;                         -Matt Dralle, List    nbsp;        Features  Chat,    http://www.matnbsp;      via the Web  title=http://forums.matronics.com/    href="http://forums.matronics.com">http://forums.matronics.com

_==============



[b]

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Ron Lendon

Joined: 10 Jan 2006
Posts: 685
Location: Clinton Twp., MI

Posted: Tue Dec 28, 2010 6:30 pm Post subject: Re: Falcon Insurance Agency -- EAA's representative

Thanks Bryan,  I was hoping you were going to break the ice with those guys.  I'll be calling them in the spring when I get closer to launch and have everything out there at the airport.

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_________________
Ron Lendon
WW Corvair with Roy's Garage 5th bearing
CH 601 XLB
N601LT - Flying
http://www.mykitlog.com/rlendon
Corvair Engine Prints:
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aprazer

Joined: 24 Nov 2006
Posts: 93
Location: Boise, Idaho

Posted: Fri Dec 31, 2010 3:16 pm Post subject: Re: Falcon Insurance Agency -- EAA's representative

Thank Bryan,

The insurance company you recommended doesn't write coverage in Idaho, but they gave me some leads.

Mack

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The poh-oh-unemployed farm boy from Idaho

aprazer

Joined: 24 Nov 2006
Posts: 93
Location: Boise, Idaho

Posted: Sun Feb 06, 2011 1:20 pm Post subject: Re: Falcon Insurance Agency -- EAA's representative

Ladies and Gents,



I have to report that Falcon Insurance (Global Aerospace) and I have come to a fair conclusion and it is all good!



I am now able to insure my bird for liability "only" for a more reasonable fee, similar to what most of you are paying.



It is too bad that the XL has been the recipient of an imaginary & derogatory reputation. 



Does anyone know if the Cirrus has developed a reputation for all of their crashes in the last two years?



I want to thank all of you for allowing me to vent my frustrations.



Mack

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The poh-oh-unemployed farm boy from Idaho

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