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RV-8 Insurance...

 
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Matt Dralle
Site Admin


Joined: 08 Nov 2005
Posts: 26320
Location: Livermore CA USA

PostPosted: Fri Mar 18, 2011 5:56 pm    Post subject: RV-8 Insurance... Reply with quote

I've been shopping for a new year of insurance on the RV-8 (current policy is up on 3/20) and got quotes from Avemco, AOPA, and the EAA (Falcon). The quotes from the AOPA and EAA were close, although the AOPA came in $500 cheaper than the EAA's this year. But here was the shocker. Avemco's quote was 2.3 times higher than the AOPA's quote! I called Avemco to make sure that they just hadn't done something wrong. It was right. That's just crazy. Apparently Avemco doesn't really want to write Experimental polices.

Anyway, thought I'd share my experiences.
-
Matt Dralle
RV-8 #82880 N998RV
http://www.mattsrv8.com - Matt's RV-8 Construction Log
http://www.youtube.com/MattsRV8 - Matt's RV-8 HDTV YouTube Channel
Status: 150+ Hours TTSN - Paint Job Is All That's Left To Do...


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vanremog(at)aol.com
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PostPosted: Fri Mar 18, 2011 6:22 pm    Post subject: RV-8 Insurance... Reply with quote

Matt-

You might also want to call Bev Gassen at Chaparral 800-339-5736. I'm on my second year with Global (after previously being with those slimy pond scum sucking dogs AIG beginning in 1998) and my rate actually went down.

-GV (RV-6A Flying 962hrs)



In a message dated 03/18/11 18:57:01 Pacific Daylight Time, dralle(at)matronics.com writes:
[quote] .aolmailheader {font-size:8pt; color:black; font-family:Arial} a.aolmailheader:link {color:blue; text-decoration:underline; font-weight:normal} a.aolmailheader:visited {color:magenta; text-decoration:underline; font-weight:normal} a.aolmailheader:active {color:blue; text-decoration:underline; font-weight:normal} a.aolmailheader:hover {color:blue; text-decoration:underline; font-weight:normal}
[quote][b]


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bobbyhester(at)newwavecom
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PostPosted: Fri Mar 18, 2011 6:33 pm    Post subject: RV-8 Insurance... Reply with quote

You need to try NationAir. Mine has always been cheaper through them.

Sent from my Verizon iPhone

On Mar 18, 2011, at 8:53 PM, Matt Dralle <dralle(at)matronics.com> wrote:

Quote:



I've been shopping for a new year of insurance on the RV-8 (current policy is up on 3/20) and got quotes from Avemco, AOPA, and the EAA (Falcon). The quotes from the AOPA and EAA were close, although the AOPA came in $500 cheaper than the EAA's this year. But here was the shocker. Avemco's quote was 2.3 times higher than the AOPA's quote! I called Avemco to make sure that they just hadn't done something wrong. It was right. That's just crazy. Apparently Avemco doesn't really want to write Experimental polices.

Anyway, thought I'd share my experiences.


-
Matt Dralle
RV-8 #82880 N998RV
http://www.mattsrv8.com - Matt's RV-8 Construction Log
http://www.youtube.com/MattsRV8 - Matt's RV-8 HDTV YouTube Channel
Status: 150+ Hours TTSN - Paint Job Is All That's Left To Do...







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tcervin(at)embarqmail.com
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PostPosted: Sat Mar 19, 2011 4:52 am    Post subject: RV-8 Insurance... Reply with quote

Bobby,
I have Global through NationAir also and my premium goes down every year.
Tom-in-Ohio (RV6-A)

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Ed Anderson



Joined: 10 Jan 2006
Posts: 475

PostPosted: Sat Mar 19, 2011 5:47 am    Post subject: RV-8 Insurance... Reply with quote

I originally insured with AVEMCO with my rotary powered RV-6A back in 1996.
They were not cheap but at least I obtained coverage for my alternative
powered aircraft.

However, as my pilot time and time in make/model increased so did my
premiums - just the opposite of what I would have expected. After a few
years of steady increases in premiums, I switched to SKYSMITH who acquire
coverage from the AIG aviation underwriter (can't recall who it was), my
premiums for the same coverage was approx 1/2 of AVEMCO. Been with Skysmith
for over 5 years and very satisfied with the premiums.

Ed
Edward L. Anderson
Anderson Electronic Enterprises LLC
305 Reefton Road
Weddington, NC 28104
http://www.andersonee.com
http://www.eicommander.com

--------------------------------------------------
From: "Matt Dralle" <dralle(at)matronics.com>
Sent: Friday, March 18, 2011 9:53 PM
To: <rv-list(at)matronics.com>; <rv8-list(at)matronics.com>;
<rv7-list(at)matronics.com>
Subject: RV-8 Insurance...

Quote:

I've been shopping for a new year of insurance on the RV-8 (current policy
is up on 3/20) and got quotes from Avemco, AOPA, and the EAA (Falcon).
The quotes from the AOPA and EAA were close, although the AOPA came in
$500 cheaper than the EAA's this year. But here was the shocker.
Avemco's quote was 2.3 times higher than the AOPA's quote! I called
Avemco to make sure that they just hadn't done something wrong. It was
right. That's just crazy. Apparently Avemco doesn't really want to write
Experimental polices.

Anyway, thought I'd share my experiences.
-
Matt Dralle
RV-8 #82880 N998RV
http://www.mattsrv8.com - Matt's RV-8 Construction Log
http://www.youtube.com/MattsRV8 - Matt's RV-8 HDTV YouTube Channel
Status: 150+ Hours TTSN - Paint Job Is All That's Left To Do...




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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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_________________
Ed Anderson
Rv-6A N494BW Rotary Powered
Matthews, NC
eanderson@carolina.rr.com
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Matt Dralle
Site Admin


Joined: 08 Nov 2005
Posts: 26320
Location: Livermore CA USA

PostPosted: Sat Mar 19, 2011 9:24 am    Post subject: RV-8 Insurance... Reply with quote

Yeah, you can't beat EAA/Falcon for the first year because they will cover the Test Flight and the First Ten Hours. Avemco made a point of the fact that they didn't cover either. Okay, I get that, but a year later and with 153 hours on the RV-8, 153 hours in my logbook in type, and with no incidents, I would have expected a significant drop. Falcon only came down $100 from last year. Avemco when UP by $2k.
-
Matt Dralle
RV-8 #82880 N998RV
http://www.mattsrv8.com - Matt's RV-8 Construction Log
http://www.youtube.com/MattsRV8 - Matt's RV-8 HDTV YouTube Channel
Status: 150+ Hours TTSN - Paint Job Is All That's Left To Do...
At 03:50 AM 3/19/2011 Saturday, you wrote:
Quote:
Matt,

I had a similar experience . . . when I asked the agent she got kind of snippy with me and told me that’s what they needed to cover their expenses? Not when everyone else can do it for less!

Mine’s for first flight and in type experience becomes an issue and Avemco had the most liberal restrictions there follow by EAA. I’m waiting on some paperwork and the airworthiness inspection . . . I believe I’m going to go with EAA (Falcon).

Regards,
Bob Christensen – N83RC . . . still waiting!

From: <mailto:dralle(at)matronics.com>Matt Dralle
Sent: Friday, March 18, 2011 8:53 PM
To: <mailto:rv-list(at)matronics.com>rv-list(at)matronics.com ; <mailto:rv8-list(at)matronics.com>rv8-list(at)matronics.com ; <mailto:rv7-list(at)matronics.com>rv7-list(at)matronics.com
Subject: RV-8 Insurance...


I've been shopping for a new year of insurance on the RV-8 (current policy is up on 3/20) and got quotes from Avemco, AOPA, and the EAA (Falcon). The quotes from the AOPA and EAA were close, although the AOPA came in $500 cheaper than the EAA's this year. But here was the shocker. Avemco's quote was 2.3 times higher than the AOPA's quote! I called Avemco to make sure that they just hadn't done something wrong. It was right. That's just crazy. Apparently Avemco doesn't really want to write Experimental polices.

Anyway, thought I'd share my experiences.
-
Matt Dralle


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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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Matt Dralle
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chasb(at)satx.rr.com
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PostPosted: Sat Mar 19, 2011 1:21 pm    Post subject: RV-8 Insurance... Reply with quote

Try Nationair. Cheapest I found for my RV-6Ak and its been that way for five years. Talk to Jenny Estes at 877-475-5860. Avemco quote was $1,500+ higher for exactly the same coverage.
Charlie Brame
RV-6A N11CB
San Antonio
--------------------------------------------
[quote]Time: 06:56:16 PM PST US
From: Matt Dralle <dralle(at)matronics.com (dralle(at)matronics.com)>
Subject: RV-8 Insurance...

I've been shopping for a new year of insurance on the RV-8 (current policy is up
on 3/20) and got quotes from Avemco, AOPA, and the EAA (Falcon). The quotes
from the AOPA and EAA were close, although the AOPA came in $500 cheaper than
the EAA's this year. But here was the shocker. Avemco's quote was 2.3 times
higher than the AOPA's quote! I called Avemco to make sure that they just hadn't
done something wrong. It was right. That's just crazy. Apparently Avemco
doesn't really want to write Experimental polices.

Anyway, thought I'd share my experiences.
-
Matt Dralle
RV-8 #82880 N998RV
http://www.mattsrv8.com - Matt's RV-8 Construction Log
http://www.youtube.com/MattsRV8 - Matt's RV-8 HDTV YouTube Channel
Status: 150+ Hours TTSN - Paint Job Is All That's Left To Do...

[b]


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HCRV6(at)comcast.net
Guest





PostPosted: Sat Mar 19, 2011 4:59 pm    Post subject: RV-8 Insurance... Reply with quote

My experience also. I have been with Nationair for14 years and they have always been the lowest by a substantial amount every year.

Harry Crosby
RV-6 N16CX, 805 hours

---


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n801bh(at)netzero.com
Guest





PostPosted: Sat Mar 19, 2011 6:06 pm    Post subject: RV-8 Insurance... Reply with quote

I think we all can gain more knowledge by comparing the actual premium price. Anyone care to share the policy limits and yearly premium costs?
do not archive
--------
From: HCRV6(at)comcast.net
To: rv-list(at)matronics.com
Subject: Re: RV-8 Insurance...
Date: Sun, 20 Mar 2011 00:56:16 +0000 (UTC)

My experience also. I have been with Nationair for14 years and they have always been the lowest by a substantial amount every year.

Harry Crosby
RV-6 N16CX, 805 hours

---


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gene.lee(at)gte.net
Guest





PostPosted: Tue Mar 22, 2011 5:10 am    Post subject: RV-8 Insurance... Reply with quote

In the interest of seeing what others pay I’ll offer mine.

RV-7a

1st year…
260hr TT, 0 in type, $95k hull = $2,200

2nd year…
420hr TT, 130hr in type, $95k hull = $1,440

Chartis Aerospace Ins.



Do not archive

From: owner-rv-list-server(at)matronics.com [mailto:owner-rv-list-server(at)matronics.com] On Behalf Of n801bh(at)netzero.com
Sent: Saturday, March 19, 2011 9:02 PM
To: rv-list(at)matronics.com
Subject: Re: RV-8 Insurance...


I think we all can gain more knowledge by comparing the actual premium price. Anyone care to share the policy limits and yearly premium costs?
do not archive
--------
From: HCRV6(at)comcast.net
To: rv-list(at)matronics.com
Subject: Re: RV-8 Insurance...
Date: Sun, 20 Mar 2011 00:56:16 +0000 (UTC)
My experience also. I have been with Nationair for14 years and they have always been the lowest by a substantial amount every year.

Harry Crosby
RV-6 N16CX, 805 hours

---


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steve282s(at)yahoo.com
Guest





PostPosted: Tue Mar 22, 2011 7:16 am    Post subject: RV-8 Insurance... Reply with quote

RV-7 Tail Dragger.


1st year…
440hr TT, 0 in type, $70k hull = $2,276
AOPA (thrua AIG)

2nd year…
420hr TT, 130hr in type, $95k hull = $1,409 Airpower Insurance
(Note:  AOPA (thru AIG) quoted $2026.00)


I may only carry liability for 2011. I'm reading where lots of guys after the first year or two just self-insure their homebuilts. I'll see what my new quote is , but I doubt it will be much differant than last year.

From: Gene Lee <gene.lee(at)gte.net>
To: rv-list(at)matronics.com
Sent: Tue, March 22, 2011 8:05:46 AM
Subject: RE: RV-8 Insurance...


In the interest of seeing what others pay I’ll offer mine.

RV-7a

1st year…
260hr TT, 0 in type, $95k hull = $2,200

2nd year…
420hr TT, 130hr in type, $95k hull = $1,440
 
Chartis Aerospace Ins.



Do not archive

From: owner-rv-list-server(at)matronics.com [mailto:owner-rv-list-server(at)matronics.com] On Behalf Of n801bh(at)netzero.com
Sent: Saturday, March 19, 2011 9:02 PM
To: rv-list(at)matronics.com
Subject: Re: RV-8 Insurance...


I think we all can gain more knowledge by comparing the actual premium price. Anyone care to share the policy limits and yearly premium costs?
do not archive
--------
From: HCRV6(at)comcast.net
To: rv-list(at)matronics.com
Subject: Re: RV-List: RV-8 Insurance...
Date: Sun, 20 Mar 2011 00:56:16 +0000 (UTC)
My experience also. I have been with Nationair for14 years and they have always been the lowest by a substantial amount every year.

Harry Crosby
RV-6 N16CX, 805 hours

---


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Matt Dralle
Site Admin


Joined: 08 Nov 2005
Posts: 26320
Location: Livermore CA USA

PostPosted: Tue Mar 22, 2011 1:59 pm    Post subject: RV-8 Insurance... Reply with quote

Here's this year's Insurance Quotes along with the coverage details on my RV-8. Can you guess which one I went with?

$1m/$100k Liability
$5000-$10000 Medical
$0 Deductible
$150k Hull Ground/Air

153 Hours, Aircraft
153 Hours in Type, Pilot
450 Hours Total, Pilot
242 Hours TW, Pilot

Avemco: $5811
EAA/Falcon: $2975 ($3075 last year included Test & 1st 10 hours)
NationAir/Chartis $2888
AOPA/AIG $2475
-
Matt Dralle
RV-8 #82880 N998RV
http://www.mattsrv8.com - Matt's RV-8 Construction Log
http://www.youtube.com/MattsRV8 - Matt's RV-8 HDTV YouTube Channel
Status: 160+ Hours TTSN - Paint Job Is All That's Left To Do...


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bobbyhester(at)newwavecom
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PostPosted: Tue Mar 22, 2011 2:11 pm    Post subject: RV-8 Insurance... Reply with quote

RV-7A unpainted

1st year 2007
0 hrs TT (Hobbs), 5 hrs in type, $70,000 hull = $1702
2nd year 2008
About 150 hrs TT, 135 (Tach) hrs in type, $70,000 hull = $1621
3rd year 2009
About 250 hrs TT, 200 hrs in type, $70,000 hull = $1465
4th year 2010
About 320 hrs TT, 270 hrs in type, $70,000 hull = $1465
5th year 2008 still unpainted Sad
About 400 hrs TT, 320 hrs in type, $70,000 hull = $1297

Global Aerospace though NationAir
Quote:
----
Surfing the web from Hopkinsville, KY
Visit my web site:
http://home.newwavecomm.net/bobbyhester/RVSite.htm

On 3/22/2011 8:05 AM, Gene Lee wrote: [quote] <![endif]--> <![endif]-->
In the interest of seeing what others pay I’ll offer mine.

RV-7a

1st year…
260hr TT, 0 in type, $95k hull = $2,200

2nd year…
420hr TT, 130hr in type, $95k hull = $1,440

Chartis Aerospace Ins.
[b]


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vanremog(at)aol.com
Guest





PostPosted: Tue Mar 22, 2011 6:47 pm    Post subject: RV-8 Insurance... Reply with quote

Matt-

Tell me you didn't go with those slimy AIG dudes...

-GV



In a message dated 03/22/11 15:00:30 Pacific Daylight Time, dralle(at)matronics.com writes:
[quote] .aolmailheader {font-size:8pt; color:black; font-family:Arial} a.aolmailheader:link {color:blue; text-decoration:underline; font-weight:normal} a.aolmailheader:visited {color:magenta; text-decoration:underline; font-weight:normal} a.aolmailheader:active {color:blue; text-decoration:underline; font-weight:normal} a.aolmailheader:hover {color:blue; text-decoration:underline; font-weight:normal} --> RV-List message posted by: Matt Dralle <dralle(at)matronics.com>

Here's this year's Insurance Quotes along with the coverage details on my RV-8. Can you guess which one I went with?

$1m/$100k Liability
$5000-$10000 Medical
$0 Deductible
$150k Hull Ground/Air

153 Hours, Aircraft
153 Hours in Type, Pilot
450 Hours Total, Pilot
242 Hours TW, Pilot

Avemco: $5811
EAA/Falcon: $2975 ($3075 last year included Test & 1st 10 hours)
NationAir/Chartis $2888
AOPA/AIG $2475
-
Matt Dralle
RV-8 #82880 N998RV
http://www.mattsrv8.com - Matt's RV-8 Construction Log
http://www.youtube.com/MattsRV8 - Matt'
[quote][b]


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mr.sun



Joined: 30 Jan 2007
Posts: 85

PostPosted: Wed Mar 23, 2011 6:16 am    Post subject: RV-8 Insurance... Reply with quote

Just for the sake of comparison, here is what I'm being gouged.

2004 RV7   $1790 thru Chartis $100K hull value

510 hrs total time on airframe
520 hrs total pilot time
350 hrs tailwheel time
IFR current

Greg

I'm thinking of just going to "not in motion" coverage.
do not archive

On Tue, Mar 22, 2011 at 3:08 PM, Bobby Hester <bobbyhester(at)newwavecomm.net (bobbyhester(at)newwavecomm.net)> wrote:
Quote:
RV-7A unpainted

1st year 2007
0 hrs TT (Hobbs), 5 hrs in type, $70,000 hull = $1702
2nd year 2008
About 150 hrs TT, 135 (Tach) hrs in type, $70,000 hull = $1621
3rd year 2009
About 250 hrs TT, 200 hrs in type, $70,000 hull = $1465
4th year 2010
About 320 hrs TT, 270 hrs in type, $70,000 hull = $1465
5th year 2008 still unpainted Sad
About 400 hrs TT, 320 hrs in type, $70,000 hull = $1297

Global Aerospace though NationAir
Quote:
----
Surfing the web from Hopkinsville, KY
Visit my web site:
http://home.newwavecomm.net/bobbyhester/RVSite.htm

On 3/22/2011 8:05 AM, Gene Lee wrote:
Quote:

In the interest of seeing what others pay I’ll offer mine.
 
RV-7a
 
1st year…
260hr TT, 0 in type, $95k hull  =  $2,200
 
2nd year…
420hr TT, 130hr in type, $95k hull  =  $1,440
 
Chartis Aerospace Ins.
Quote:


t="_blank">http://www.matronics.com/Navigator?RV-List
tp://forums.matronics.com
_blank">http://www.matronics.com/contribution




#avg_ls_inline_popup { position:absolute; z-index:9999; padding: 0px 0px; margin-left: 0px; margin-top: 0px; width: 240px; overflow: hidden; word-wrap: break-word; color: black; font-size: 10px; text-align: left; line-height: 13px;} [quote][b]


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Matt Dralle
Site Admin


Joined: 08 Nov 2005
Posts: 26320
Location: Livermore CA USA

PostPosted: Wed Mar 23, 2011 7:02 pm    Post subject: RV-8 Insurance... Reply with quote

Just to follow up on the insurance information I posted, I got an email from EAA/Falcon this morning indicating that they had quoted this year's policy based on last year's flight time numbers (basically 0). They re-quoted on my current hours (153 TTSN) and their quote came more into line at $2490.00. I just wanted to set the record straight.

Also, the AOPA coverage for $2475 is really with USAIG (United States Aviation Insurance Group), which is not the bailout "AIG" (American International Group). At least I don't think so. Here are their respective web sites:

United Status Aviation Insurance Group

http://www.usau.com/usau.nsf/doc/index

American International Group

http://www.aigcorporate.com/index.html

FYI
-
Matt Dralle
RV-8 #82880 N998RV
http://www.mattsrv8.com - Matt's RV-8 Construction Log
http://www.youtube.com/MattsRV8 - Matt's RV-8 HDTV YouTube Channel
Status: 160+ Hours TTSN - Paint Job Is All That's Left To Do...

Quote:


Here's this year's Insurance Quotes along with the coverage details on my RV-8. Can you guess which one I went with?

$1m/$100k Liability
$5000-$10000 Medical
$0 Deductible
$150k Hull Ground/Air

153 Hours, Aircraft
153 Hours in Type, Pilot
450 Hours Total, Pilot
242 Hours TW, Pilot

Avemco: $5811
EAA/Falcon: $2975 ($3075 last year + Test & 1st 10 hours)
NationAir/Chartis $2888
AOPA/AIG $2475


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HCRV6(at)comcast.net
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PostPosted: Wed Mar 23, 2011 7:39 pm    Post subject: RV-8 Insurance... Reply with quote

Matt,

Just to put your mind at ease I was informed by Nationair a year ago that the AIG that carried my insurance was a completely separate group from the AIG that received the bailout. I assume that was the truth but who knows?

Harry Crosby
RV-6 N16CX, 805 hours

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vanremog(at)aol.com
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PostPosted: Wed Mar 23, 2011 7:54 pm    Post subject: RV-8 Insurance... Reply with quote

The linked article would seem to support this viewpoint as factual.

http://www.gwbaa.com/news060615.pdf

-GV





In a message dated 03/23/11 20:03:48 Pacific Daylight Time, dralle(at)matronics.com writes:
[quote] .aolmailheader {font-size:8pt; color:black; font-family:Arial} a.aolmailheader:link {color:blue; text-decoration:underline; font-weight:normal} a.aolmailheader:visited {color:magenta; text-decoration:underline; font-weight:normal} a.aolmailheader:active {color:blue; text-decoration:underline; font-weight:normal} a.aolmailheader:hover {color:blue; text-decoration:underline; font-weight:normal} --> RV-List message posted by: Matt Dralle <dralle(at)matronics.com>

Just to follow up on the insurance information I posted, I got an email from EAA/Falcon this morning indicating that they had quoted this year's policy based on last year's flight time numbers (basically 0). They re-quoted on my current hours (153 TTSN) and their quote came more into line at $2490.00. I just wanted to set the record straight.

Also, the AOPA coverage for $2475 is really with USAIG (United States Aviation Insurance Group), which is not the bailout "AIG" (American International Group). At least I don't think so. Here are their respective web sites:

United Status Aviation Insurance Group

http://www.usau.com/usau.nsf/doc/index

American International Group

http://www.aigcorporate.com/index.html

FYI
-
Matt Dralle
RV-8 #82880 N998RV
http: //www.mattsrv8.com - Matt's RV-8 Construction Log
http://www.youtube.com/MattsRV8 - Matt's RV-8 HDTV YouTube Channel
Status: 160+ Hours TTSN - Paint Job Is All That's Left To Do...

[quote]--> RV-List message posted by: Matt Dralle <dralle(at)matronics.com>

Here's this year's Insurance Quotes along with the coverage details on my RV-8. Can you guess which one I went with?

$1m/$100k Liability
$5000-$10000 Medical
$0 Deductible
$150k Hull Ground/Air

153 Hours, Aircraft
153 Hours in Type, Pilot
450 Hours Total, Pilot
242 Hours TW, Pilot

Avemco: $5811
EAA/Falcon: $2975 ($3075 last year + Test & 1st 10 hours)
NationAir/Chartis &n
Quote:
[b]


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