Q: Insurance recommendation

[mshac]

Originally Posted by phlgsse

ah crap. well, I don't think I can do much about it now since I'm already working with a broker. I wish I had asked before talking to parker.

Speaking as someone who spent years working for one of the largest insurance companies (not aviation):

1. Clients who are married to one broker often pay higher premiums.
2. Larger insurance companies are usually more risk-averse.
3. Smaller "boutique" insurers often offer policies where the big guys don't.
4. You can have an aviation insurance broker AND a P&C broker. They are NEVER the same person, or at least they shouldn't be.
5. Insurance companies will often negotiate if you threaten to cancel your policy. They really don't want to send you a check.
6. The financial rating of an insurer is critical for life insurance and investments, but not for liability policies. By law, any claimants have to chase the insurer for payment. The policyholder is off the hook.

Just a few nuggets to take or leave as you see fit.