Insurance for low time pilot
- gregorydshanks
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Insurance for low time pilot
Any recommendations for insurance for a low time tail dragger pilot that wants to buy a maule? A friend of mine with less than 50 hours taildragger time got a quote of $5,700. Whew.
the broker said it being a Maule was part of the issue, as well as being low time.
the broker said it being a Maule was part of the issue, as well as being low time.
- Mog
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- gbarrier
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Hit all the underwriters and rattle back and forth. The first year I paid $1,100 for $50K hull and $1M liability. I had hundreds of hours tailwheel but no Maule except for a couple hours of checkout. The second year it was about the same. Year three it went to $1,400. I grumbled and was told that Maules had a bad year. I lived with it for a couple of months until my son got his private. He had less that 200 total hours (a lot of that some 20 years ago). The underwriter first said they would not insure him. I kept going back and forth and finally got someone else at the same agency. He came back insuring both of us for $1,100 for the year. Right back where I started and got the low time guy in to boot. Just keep on hammering.
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- andy
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- gbarrier
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- 51598Rob
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- Mog
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This is why I went AVEMCO. Since I'm still new to tail wheel and maules I figured I should have a solid company that is less likely to back out of a claim for a year or two more. Pretty damn cheap compared to what I had to pay out of pocket to rebuild her the first go around.andy wrote:For many years I've used AIG through CS&A Insurance in Franklin TN but I used AVEMCO when I was a new Maule pilot. AVEMCO is very good but expensive. I don't know if AIG will insure a Maule when you have less than 500 hours in it, but you could give it a try.
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- TomD
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insurance
Someone from the industry should chime in here, but I would caution on "under insuring" your bird.
As I understand the way it works, if you ball up your plane or it gets trashed by hail, a tree falls on the rear, etc and the cost of repair equals 75% of the the hull insured value; then the insurance company can write you a check for the insured value and the airplane is then theirs.
TD
As I understand the way it works, if you ball up your plane or it gets trashed by hail, a tree falls on the rear, etc and the cost of repair equals 75% of the the hull insured value; then the insurance company can write you a check for the insured value and the airplane is then theirs.
TD
- TxAgfisher
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- tellicovillage
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Insurance
Travers quoted me 1200 on a 65k hull mxt. About 2k on a mx. Bought the mxt.
- andy
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Hull insurance is by far the largest part of the insurance premium. It might be obvious to long time owners, but aircraft insurance is not like car insurance. If you total the aircraft, then the insurance company pays exactly the amount of the hull insurance. If that's not enough for you to buy another airplane, you have to come up with the difference.
Andy
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