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I'm having trouble getting insurance on my RV-10

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Ray.R.Doerr(at)sprint.com
Guest

Posted: Mon May 15, 2006 10:07 am Post subject: I'm having trouble getting insurance on my RV-10

I was wondering what experience level other are at that are now

flying and have insurance on there RV-10.  Since I have been so busy

building, I have only accumulated 110 hours total time.  I am VFR pilot

only and had the total loss of my RV-9A due to engine failure from fuel

vapor lock.  Now I am trying to get insured $150,000 on my RV-10.  They

all want me to be instrument rated with 200 - 250 hours total time.  We

are even asking if I get my instrument and still only have 160 hours

total time, but with 50 of that in Make and Model, will that suffice.

They only said they would see.  This is making it very hard for me to

know exact when and what numbers I need to satafiy there ever changing

requirements.  The reason I bring this up is for those out there like me

with low time think that the RV-10 will be treated like the other RV's.

They are not, they are being compared with Bonazana's.



Thank You

Ray Doerr

40250 (N519RV)

Randy(at)abros.com
Guest

Posted: Mon May 15, 2006 11:27 am Post subject: I'm having trouble getting insurance on my RV-10

Ray, I had 200 hrs total. 4 hours in a 205. 3 hours in the factory 10.

3260.00 a year.  Randy 40006.



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John Kirkland

Joined: 13 Jan 2006
Posts: 19
Location: South Weber, UT

Posted: Mon May 15, 2006 12:26 pm Post subject: Re: I'm having trouble getting insurance on my RV-10

Duh. Performance-wise a Bonanza is about the only comparison there is. I was quoted $2K by Nation Air, Private ASEL, Instrument Airplane, High Performance and Complex Airplane endorsements, 450 accident and incident free hours.

_________________
RV-10 #40333
N540XP (reserved)

GRANSCOTT(at)aol.com
Guest

Posted: Mon May 15, 2006 12:47 pm Post subject: I'm having trouble getting insurance on my RV-10

There are a few high performance fix gear aircraft out there...Dakota,235, cherokee 6, C 182, 206 etc., come to mind...my 235 is insured for 80k...three pilots on the policy from VFR, IFR, ATP between the three pilots all have more than 500 hours experience...rate $1100/yr...with the retract Bo you'll pay about 50-100% more, generally.

  

 With low time, non-high performance and a hull value of over $150k the rates will be higher...you might want to get IFR, High performance, and do a Wing program in you books, also work with several agencies and see what they think you should do to lower your rates.  Generally as an experimentalyour rates will be higher than a regular spam can...Van's probably has the lowest margin up of the experimentals but still they will generally be a bit more.

  

 Patrick

  

 do not archive

Tim(at)MyRV10.com
Guest

Posted: Mon May 15, 2006 3:17 pm Post subject: I'm having trouble getting insurance on my RV-10

What hull value was that quoted at, and was that full in-flight and

everything coverage?  The price is much lower than I got,

and I have(had) exactly the same qualifications as you....460-ish

hours, PP+Inst+HP+Complex.  Now I'm well over 500 hours.

Hull in my case is 165K listed, although value should be higher

by a ways.  Approx 3400 buckaroonies.



Tim Olson - RV-10 N104CD - Flying

do not archive

John Kirkland wrote:

 	  Quote: 	
		   

 <jskirkland(at)webpipe.net>

 

 Duh. Performance-wise a Bonanza is about the only comparison there

 is. I was quoted $2K by Nation Air, Private ASEL, Instrument

 Airplane, High Performance and Complex Airplane endorsements, 450

 accident and incident free hours.

 

 -------- RV-10 #40333 N540XP (reserved)

 

 

 

 

 Read this topic online here:

 

 http://forums.matronics.com/viewtopic.php?p=34759#34759

10flyer(at)verizon.net
Guest

Posted: Mon May 15, 2006 4:41 pm Post subject: I'm having trouble getting insurance on my RV-10

The real shame here is that the 10 is one of the easiest, most forgiving 

airplanes I have ever flown(10k hrs). It's a new animal and they are wary. 

In time they will realize it is safer than the other RV's and much safer 

than a lot of other airplanes out there, even for low time pilots. Get the 

best you can, build time, add ratings and keep bothering them to get your 

rates lowered as you gain experience. Mark.

jhasbrouck(at)woh.rr.com
Guest

Posted: Mon May 15, 2006 5:23 pm Post subject: I'm having trouble getting insurance on my RV-10

I was quoted $4000.00 at Sun-n-Fun by Avemco for 150K hull and 1mil 

liability.  No hull coverage in first 10 hours of test flight.  I have 1000 

hours, SEL, Inst. with high perf. and complex signoffs.  Suspect that as the 

fleet builds time the rates will go down but you have to remember that those 

extra two seats make a big difference in rating.  I wonder what effect 

transition training would have?



John Hasbrouck

#40264

coop85(at)bellsouth.net
Guest

Posted: Mon May 15, 2006 5:57 pm Post subject: I'm having trouble getting insurance on my RV-10

While at Sun-n-Fun I talked to Avemco and AIG (AOPA).  Avemco quoted well

over $4000, AIG was about $2300 so shopping around is definitely worthwhile.

This was based on $125K hull value.  Avemco will only cover what you have

receipts for, AIG will do a more traditional "what do you want to insure it

for", but would like to cap at $125K although has some underwriters that

might go to $150K.  



Also I found the experience requirements varied a LOT.  Avemco wanted 10

hours in make/model.  AIG said Piper cherokee, warrior, etc time would count

as well as my RV-6 time so no RV-10 hours required at all (guess who I'm

leaning toward?).



Marcus

40286



do not archive



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Tim(at)MyRV10.com
Guest

Posted: Mon May 15, 2006 6:39 pm Post subject: I'm having trouble getting insurance on my RV-10

Thanks for posting the hull values.  Without those listed with

peoples comments, talking about insurance costs is meaningless,

as it varies directly with insured hull value.

I'm with AIG, by the way.  They did want 5 hours of Transition

training.



Tim Olson - RV-10 N104CD - Flying

do not archive

Marcus Cooper wrote:

[quote] 

 

 While at Sun-n-Fun I talked to Avemco and AIG (AOPA).  Avemco quoted well

 over $4000, AIG was about $2300 so shopping around is definitely worthwhile.

 This was based on $125K hull value.  Avemco will only cover what you have

 receipts for, AIG will do a more traditional "what do you want to insure it

 for", but would like to cap at $125K although has some underwriters that

 might go to $150K.  

 

 Also I found the experience requirements varied a LOT.  Avemco wanted 10

 hours in make/model.  AIG said Piper cherokee, warrior, etc time would count

 as well as my RV-6 time so no RV-10 hours required at all (guess who I'm

 leaning toward?).

 

 Marcus

 40286

 

 do not archive

 

 --

steveadams

Joined: 10 Jan 2006
Posts: 191

Posted: Tue May 16, 2006 3:29 am Post subject: Re: I'm having trouble getting insurance on my RV-10

I didn't build an RV-10, but had similar issues with my CH640. I opted to go without insurance until I had about 100 hrs in the plane. The quoted rates dropped almost 50%. I know that this option is not for everyone, but you may want to consider this, or getting liability only until you build some time in your plane. They usually won't cover hull damage for the first 10-15 hours anyway, but you are still paying for it.

rick.conti(at)boeing.com
Guest

Posted: Tue May 16, 2006 6:25 am Post subject: I'm having trouble getting insurance on my RV-10

I had a lengthy email exchange with my broker.  He provided me all the

info I needed including required transition training.  He is very

responsive and great to work with, I highly recommend him.



Tony Rukavina

Ajruk84(at)aol.com

866-296-9665



Thank You

Rick Conti

          office: 703 - 414 - 6141

blackberry: 571 - 215 - 6134

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