AIRCRAFT INSURANCE

[Showboatsix]

Who do most of you use as an insurance carrier? I am having a tough time getting coverage on the plane since the STC conventional conversion was done.

Most reject it because it is now different than what Cessna produced, I was told some will not even do a standard C-172 of that age because it is too old?!

I am looking for Liability only as when I had full coverage on it as a C-172, they kept lowering the hull amount and they lowered it $30K from what it was valued at for 8 years. I decided that if I am going to take a 30K kit on a fully restored, hangered plane I'll take the gamble as I could part it out and still get more than they offered.

Just curious who you all use.

Dean

[1SeventyZ]

AIG brokered through AOPA.
Hull = $45K
I think my last premium was ~ $1350, and I'm a low time pilot.

[Paul-WI]

I am about 1350 a year through Avemco with 45k hull and 1,000000 liability. And they cover with or with out skis and on grass strips without having a rider. And I am also a low timer.

Paul

[jlwild]

In 2007 I paid $1363 for $1.0 million liability and $60K hull through AOPA with AIG. Can't find my receipt for 2008 (it's in airplane), but believe it is close to $1470 for the same coverage. The Hull is full ground and flight with deductible of $100. Suggest you check out AOPA. I have been with them a long time and they are great to deal with.

[170C]

I have insured my 56 172 TC (convential gear) for 19 yrs with AIG (Aircraft Insurance Group--taken over by Travers of St Louis). My Sept '08 renewal data is:
Premium - $993 (same as expiring & same as '06/'07 premium)
Hull - $40,000
Liab - $1,000,000
Ded's - Fire & Theft - No ded; Ground & Flight- not in motion= no ded; in motion=$200
Requires the usual pilot certificate, medical & minimum of 500 hrs total time, 100 in tailwheel aircraft & 10 hrs in make & model (funny thing is you could have 1000's of C-170 time & still have to have 10 hrs in the C-172 TD to be covered
Its interesting to see that the policy will cover up to $5,000 for an airport having to "foam" the runway in the case of your emergency & up to $10,000 for search & rescue expenses.
Also coverage is valid if flying over Hati and Cuba (yea right) , but not if landing at either country.
It will pay up to $500 to relocate the plane at least 100 miles from its home base to avoid damage from a hurricane.
Coverage is "limited" to operations from a designated airport. IE: Unless it is the result of an emergency, no coverage for damage landing at uncle Bob's hay field or on county road 1234, etc.
This data is based on my expiring policy (renewal policy not yet received, but expect it to be identical) and is written with Old Republic Ins co (Travers is the agency/broker)
I have seen aviation policies that exclude coverage for damage resulting from an aircraft being "propped" unless there was someone in the cabin acting as brakeman, etc. I don't recall if that person was required to be a pilot or not. This policy doesn't have such a provision that I can find.
As I have suggested previously, everyone should read their aircraft policies and be aware of what is and what isn't covered. Aircraft policies, unlike most automobile policies, are not standardized on a state by state basis. I know, its sometimes difficult, boring, etc. to do so, even for someone in the insurance business (not in aviation insurance), but its better to know before a potential loss than after.

[flat country pilot]

Dean wrote

Just curious who you all use.

Contact AOPA, they should be able to get you insured.

I have AIG brokered through North Star Aviation in Fargo, ND.
If you are being denied insurance, pm me and I will put you in contact with them.
They insure 1000s of aircraft nationwide and may be able to help.

Bill

[Larry Holtz]

I've been with Travers for several years with Old Republic as the carrier and just got my new policy. The only change it that I'm getting a little long in the tooth and the require a twelve month medical. No big deal. She said for $300 more she had another carrier that would waive the medical. I went with the 12 month.

Larry