Q: Insurance recommendation

bjornfb · #1 06-22-20, 10:32 PM

I’m 3,500TT 120MEL 56 years old, IFR, never an incident, and have done recurrent training every year I’ve been flying, so I should be a reasonably insurable pilot, but have not found offers as good as you all have. The broker I’ve used hasn’t been particular helpful in negotiating with insurance companies. Thanks for the pointers,
-Bjorn

TomM · #2 06-23-20, 01:52 PM

Man, I would think you would be easy to insure! It helps when you have someone that is interested in your needs. My broker is in VT but was born and raised in the same town in MN that I was from and is a big snowmobiler (as am I) so we really hit it off personally. Its human nature to be more interested in the people you connect with, so that may have played at least a small role in how much effort he put into helping me out.

Good luck and keep positive and make sure you ask questions about premium reductions associated with having a deductible (if that is of interest to you)

frfly172 · #3 09-20-20, 04:58 PM

Any idea what the insurance would be for 74 year old male with atp multi on a 336.? Thanks Ron

Trippster · #4 09-20-20, 05:23 PM

My Dad is on our policy and he’s 77. ATP with 27,000 hours large multi commercial but less than 50 in the 337. We pay about $2800 a year.

frfly172 · #5 09-28-20, 01:38 PM

Just a quick update ,assured partners aerospace would not quote on 64 336. I’m 74 with only an hour in type.

hharney · #6 09-28-20, 09:11 PM

Quote:

Originally Posted by frfly172

Just a quick update ,assured partners aerospace would not quote on 64 336. I’m 74 with only an hour in type.

AVEMCO Insurance

mshac · #7 09-29-20, 10:54 AM

Won't offer a quote on a FIXED GEAR, CENTERLINE THRUST aircraft. That, my aviation friends, is ridiculous!

Quote:

Originally Posted by frfly172

Just a quick update ,assured partners aerospace would not quote on 64 336. I’m 74 with only an hour in type.

mshac · #8 09-29-20, 11:08 AM

There was time when a older friend/mentor was having eye surgery and would lose his medical for the next year. Said friend added me to his insurance, and flew everywhere with me for that year (actually a bit more than a year, since he had some trouble getting his medical back). I watched him like a hawk, because I was technically PIC, but the guy had been flying since the 1940's and was basically an ace. All he really did anyway were the take-offs and landings, AP did the rest. He did have to pay my expenses when we flew, and he always got me my own room at the same place he was staying, ate in the same restaurants with him, went to the same shows. It was a dream for a young broke pilot! For those who can afford it, this is a viable route to be insured, and keep flying. This was in a '95 58 Baron, BTW, insured at $500,000. I want to say the premiums were about $8000 per year, but this was back in the early 2000's.

phlgsse · #9 11-09-20, 08:01 PM

Quote:

Originally Posted by mshac

That is completely insane - 15% of the hull value in annual premiums???

that's what I thought. I'm light on multi, and 0 in type but I'm a CFI/CFII. They only wanted 10 hours dual. Seems like a disconnect there if it's so expensive but they want a fairly light checkout.

Quote:

Originally Posted by KLRDMD

You're welcome to try my broker, she's awesome. Feel free to use my name.

Wendy Wenk
Wenk Aviation Insurance
900 North Shore Drive, Suite 109, Lake Bluff, IL 60044
847.235.2491 phone │ 847.235.2559 fax
wendy@wenkaviation.com

I've got parker woodruff working on it. I don't want to double broker it, thank you though.

I knew it wasn't going to be cheap but I was hoping 3-4k would be a reasonable expectation.

edit: a P was a hard no when I asked like a year ago.

KLRDMD · #10 11-09-20, 08:04 PM

Quote:

Originally Posted by phlgsse

I've got parker woodruff working on it. I don't want to double broker it

Parker is a good guy, I've known him for years and have used him in the past. But I've been with Wendy a long time now and she does amazing things with underwriters.

phlgsse · #11 11-09-20, 08:07 PM

Quote:

Originally Posted by KLRDMD

Parker is a good guy, I've known him for years and have used him in the past. But I've been with Wendy a long time now and she does amazing things with underwriters.

seeing you talk about your P on mooneyspace is what put me in this situation to begin with

KLRDMD · #12 11-09-20, 08:10 PM

Quote:

Originally Posted by phlgsse

seeing you talk about your P on mooneyspace is what put me in this situation to begin with

Sorry

mshac · #13 11-09-20, 08:05 PM

Back off on that 1MM liability figure. That's whats driving the rate up. Ask for a hull-only quote, no liability, and see a P&C insurance broker about an umbrella policy. Ask me how I know this works.

phlgsse · #14 11-09-20, 08:06 PM

Quote:

Originally Posted by mshac

Back off on that 1MM liability figure. That's whats driving the rate up. Ask for a hull-only quote, no liability, and see a P&C insurance broker about an umbrella policy. Ask me how I know this works.

I already have an umbrella, but it carries an aviation exclusion.

I'll see what I can do, thanks for the idea.

mshac · #15 11-09-20, 08:08 PM

Ask what they would charge to remove the exclusion. In the insurance world, everything has a price.