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yak52
Joined: 25 Oct 2007
Posts: 50
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 Posted: Fri Apr 24, 2009 7:11 am Post subject: Read This |
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Insurance Rates Cut On Some LSAs
Avemco raised some eyebrows last year when it set minimum transition training standards for those moving to LSAs. The company realized soon after it began insuring LSAs that the accident profile was different. Experienced, high-time pilots were wrecking LSAs at an alarming rate because they assumed, like the insurance company did, that they would be easy to get used to. The light wing loading and responsive controls of the little airplane caused problems for many experienced pilots so the company insisted that its customers take a minimum of five hours of dual with a qualified instructor on the type of airplane they were insuring and that they pass a flight review at the end of the training period. Lauerman said the accident rate has plummeted since then.
[quote][b]
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jmaynard
Joined: 27 Feb 2008
Posts: 394
Location: Fairmont, MN (FRM)
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| Posted: Fri Apr 24, 2009 7:18 am Post subject: Read This |
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On Fri, Apr 24, 2009 at 11:00:21AM -0400, roger lambert wrote:
| Quote: | Insurance Rates Cut On Some LSAs
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I just got a quote for renewal of my policy with Avemco a couple of weeks
ago. They said they were re-rating the entire LSA class upward in price due
to claims. My cost would have gone up about $100 for the year. I've since
gotten quotes for over $900 less than Avemco's quote for better coverage.
I don't know if the Zodiac was one of the 13 aircraft they reduced rates on;
I plan to call them in a few days, once I get back home, and find out.
--
Jay Maynard, K5ZC, PP-ASEL, AGI http://www.conmicro.com
http://jmaynard.livejournal.com http://www.tronguy.net
Fairmont, MN (KFRM) (Yes, that's me!)
AMD Zodiac CH601XLi N55ZC http://www.tronguy.net/N55ZC.shtml
| | - The Matronics Zenith-List Email Forum - | | | Use the List Feature Navigator to browse the many List utilities available such as the Email Subscriptions page, Archive Search & Download, 7-Day Browse, Chat, FAQ, Photoshare, and much more:
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_________________
Jay Maynard, K5ZC
AMD Zodiac XLi N55ZC |
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Ben52425(at)aol.com
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| Posted: Fri Apr 24, 2009 11:51 am Post subject: Read This |
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I JUST GOT MY BINDER FOR MY 601XL FROM FALCON
DROP DOWN $ 85.00 . I HOPE IT IS ONE OF THE 13 AIRCRAFT
BEN
In a message dated 4/24/2009 11:19:33 A.M. Eastern Daylight Time, jmaynard(at)conmicro.com writes:
| Quote: | --> Zenith-List message posted by: Jay Maynard <jmaynard(at)conmicro.com>
On Fri, Apr 24, 2009 at 11:00:21AM -0400, roger lambert wrote:
| Quote: | Insurance Rates Cut On Some LSAs
|
I just got a quote for renewal of my policy with Avemco a couple of weeks
ago. They said they were re-rating the entire LSA class upward in price due
to claims. My cost would have gone up about $100 for the year. I've since
gotten quotes for over $900 less than Avemco's quote for better coverage.
I don't know if the Zodiac was one of the 13 aircraft they reduced rates on;
I plan to call them in a few days, once I get back home, and find out.
--
Jay Maynard, K5ZC, PP-ASEL, AGI http://www.conmicro.com
http://jmaynard.livejournal.com http://www.tronguy.net
Fairmont, MN (KFRM) (Yes, that's me!)
AMD Zodiac CH601XLi N55ZC ================================================ the ties Day ================================================ - MATRONICS WEB FORUMS ================================================ - List Contribution Web Site sp; ===================================================
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Access 350+ FREE radio stations anytime from anywhere on the web. Get the Radio Toolbar!
[quote][b]
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jmaynard
Joined: 27 Feb 2008
Posts: 394
Location: Fairmont, MN (FRM)
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| Posted: Fri Apr 24, 2009 12:08 pm Post subject: Read This |
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On Fri, Apr 24, 2009 at 10:18:34AM -0500, Jay Maynard wrote:
| Quote: | On Fri, Apr 24, 2009 at 11:00:21AM -0400, roger lambert wrote:
> Insurance Rates Cut On Some LSAs
I just got a quote for renewal of my policy with Avemco a couple of weeks
ago. They said they were re-rating the entire LSA class upward in price due
to claims. My cost would have gone up about $100 for the year. I've since
gotten quotes for over $900 less than Avemco's quote for better coverage.
I don't know if the Zodiac was one of the 13 aircraft they reduced rates on;
I plan to call them in a few days, once I get back home, and find out.
|
I went ahead and called Avemco this morning. The Zodiac is not one of the
aircraft they're lowering; in fact, they cited the NTSB recommendation as to
why.
--
Jay Maynard, K5ZC, PP-ASEL, AGI http://www.conmicro.com
http://jmaynard.livejournal.com http://www.tronguy.net
Fairmont, MN (KFRM) (Yes, that's me!)
AMD Zodiac CH601XLi N55ZC http://www.tronguy.net/N55ZC.shtml
| | - The Matronics Zenith-List Email Forum - | | | Use the List Feature Navigator to browse the many List utilities available such as the Email Subscriptions page, Archive Search & Download, 7-Day Browse, Chat, FAQ, Photoshare, and much more:
http://www.matronics.com/Navigator?Zenith-List |
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_________________
Jay Maynard, K5ZC
AMD Zodiac XLi N55ZC |
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psm(at)att.net
Guest
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| Posted: Sat Apr 25, 2009 1:18 am Post subject: Read This |
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For what it is worth, I have been playing around with the aviation insurance companies a lot lately.
I have had excellent service from Harvest Jones at the Falcon insurance agency - the one who does the EAA insurance program. I got rotten responses from Avemco. They don't seem at all astute in the experimental airplane area, and I learned there is a real value to having an agent between the airplane owner and the insurance company. Avemco doesn't allow that. The agent acts as middle man (woman?) and smooths over the rough spots that are sure to develop in this game.
Today, Harvest did a great job on covering a lease of an LSA including adding a student pilot to the package. Try that one with Avemco!
If anybody wants to contact her, try hjones(at)falconinsurance.com. She is a real pro and nice to look at too. (I met her at Sun n Fun this week for the second of the insurance policies. The first went very smoothly with several emails and maybe a phone call or two).
Paul
XL grounded
At 08:00 AM 4/24/2009, you wrote:
[quote] Insurance Rates Cut On Some LSAs
Avemco raised some eyebrows last year when it set minimum transition training standards for those moving to LSAs. The company realized soon after it began insuring LSAs that the accident profile was different. Experienced, high-time pilots were wrecking LSAs at an alarming rate because they assumed, like the insurance company did, that they would be easy to get used to. The light wing loading and responsive controls of the little airplane caused problems for many experienced pilots so the company insisted that its customers take a minimum of five hours of dual with a qualified instructor on the type of airplane they were insuring and that they pass a flight review at the end of the training period. Lauerman said the accident rate has plummeted since then.
[b]
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http://www.matronics.com/Navigator?Zenith-List |
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hills(at)sunflower.com
Guest
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| Posted: Sat Apr 25, 2009 3:36 am Post subject: Read This |
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Ya, when I told Avemco that my plane was in phase 1 flight test, they said they would insure it, just not for
The first 10 hours of flight… so I went with Falcon.
Roger
From: owner-zenith-list-server(at)matronics.com [mailto:owner-zenith-list-server(at)matronics.com] On Behalf Of Paul Mulwitz
Sent: Saturday, April 25, 2009 4:17 AM
To: zenith-list(at)matronics.com
Subject: Re: Read This
For what it is worth, I have been playing around with the aviation insurance companies a lot lately.
I have had excellent service from Harvest Jones at the Falcon insurance agency - the one who does the EAA insurance program. I got rotten responses from Avemco. They don't seem at all astute in the experimental airplane area, and I learned there is a real value to having an agent between the airplane owner and the insurance company. Avemco doesn't allow that. The agent acts as middle man (woman?) and smooths over the rough spots that are sure to develop in this game.
Today, Harvest did a great job on covering a lease of an LSA including adding a student pilot to the package. Try that one with Avemco!
If anybody wants to contact her, try hjones(at)falconinsurance.com. She is a real pro and nice to look at too. (I met her at Sun n Fun this week for the second of the insurance policies. The first went very smoothly with several emails and maybe a phone call or two).
Paul
XL grounded
At 08:00 AM 4/24/2009, you wrote:
Insurance Rates Cut On Some LSAs
Avemco raised some eyebrows last year when it set minimum transition training standards for those moving to LSAs. The company realized soon after it began insuring LSAs that the accident profile was different. Experienced, high-time pilots were wrecking LSAs at an alarming rate because they assumed, like the insurance company did, that they would be easy to get used to. The light wing loading and responsive controls of the little airplane caused problems for many experienced pilots so the company insisted that its customers take a minimum of five hours of dual with a qualified instructor on the type of airplane they were insuring and that they pass a flight review at the end of the training period. Lauerman said the accident rate has plummeted since then.
| Quote: | | http://www.matronics.com/Navigator?Zenith-List |
01234567890
[quote][b]
| | - The Matronics Zenith-List Email Forum - | | | Use the List Feature Navigator to browse the many List utilities available such as the Email Subscriptions page, Archive Search & Download, 7-Day Browse, Chat, FAQ, Photoshare, and much more:
http://www.matronics.com/Navigator?Zenith-List |
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jimandmandy(at)yahoo.com
Guest
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| Posted: Sat Apr 25, 2009 4:35 am Post subject: Read This |
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I hope this thread does not become an Avemco bash-fest. Ive been with them for many years and you need to get quotes from them and an independent agent, too. Insurance markets change rapidly and what holds true today may be the complete opposite in six months.
My experiences with aircraft insurance brokers, in general, is that due to the commission structure, that very small policies are a "bother". The other negative is that, generally, a one year policy is just that, no changes allowed for one year. Avemco is more flexible.
I just want everyone to try both direct and brokers, not rule one out due to posts here. You might be wasting money.
Jim LoBue
601XL/Corvair
Wing construction suspended, for now. Working on engine.
--- On Sat, 4/25/09, Roger & Lina Hill <hills(at)sunflower.com> wrote:
| Quote: |
From: Roger & Lina Hill <hills(at)sunflower.com>
Subject: RE: Read This
To: zenith-list(at)matronics.com
Date: Saturday, April 25, 2009, 4:32 AM
Ya, when I told Avemco that my plane was in phase 1 flight test, they said they would insure it, just not for
The first 10 hours of flight… so I went with Falcon.
Roger
From: owner-zenith-list-server(at)matronics.com [mailto:owner-zenith-list-server(at)matronics.com] On Behalf Of Paul Mulwitz
Sent: Saturday, April 25, 2009 4:17 AM
To: zenith-list(at)matronics.com
Subject: Re: Zenith-List: Read This
For what it is worth, I have been playing around with the aviation insurance companies a lot lately.
I have had excellent service from Harvest Jones at the Falcon insurance agency - the one who does the EAA insurance program. I got rotten responses from Avemco. They don't seem at all astute in the experimental airplane area, and I learned there is a real value to having an agent between the airplane owner and the insurance company. Avemco doesn't allow that. The agent acts as middle man (woman?) and smooths over the rough spots that are sure to develop in this game.
Today, Harvest did a great job on covering a lease of an LSA including adding a student pilot to the package. Try that one with Avemco!
If anybody wants to contact her, try hjones(at)falconinsurance.com. She is a real pro and nice to look at too. (I met her at Sun n Fun this week for the second of the insurance policies. The first went very smoothly with several emails and maybe a phone call or two).
Paul
XL grounded
At 08:00 AM 4/24/2009, you wrote:
Insurance Rates Cut On Some LSAs
Avemco raised some eyebrows last year when it set minimum transition training standards for those moving to LSAs. The company realized soon after it began insuring LSAs that the accident profile was different. Experienced, high-time pilots were wrecking LSAs at an alarming rate because they assumed, like the insurance company did, that they would be easy to get used to. The light wing loading and responsive controls of the little airplane caused problems for many experienced pilots so the company insisted that its customers take a minimum of five hours of dual with a qualified instructor on the type of airplane they were insuring and that they pass a flight review at the end of the training period. Lauerman said the accident rate has plummeted since then.
| Quote: | | http://www.matronics.com/Navigator?Zenith-Listhttp://forums.matronics.com |
0123
4
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[quote][b]
| | - The Matronics Zenith-List Email Forum - | | | Use the List Feature Navigator to browse the many List utilities available such as the Email Subscriptions page, Archive Search & Download, 7-Day Browse, Chat, FAQ, Photoshare, and much more:
http://www.matronics.com/Navigator?Zenith-List |
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jmaynard
Joined: 27 Feb 2008
Posts: 394
Location: Fairmont, MN (FRM)
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| Posted: Sat Apr 25, 2009 4:55 am Post subject: Read This |
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On Sat, Apr 25, 2009 at 05:33:50AM -0700, Jimbo wrote:
| Quote: | I hope this thread does not become an Avemco bash-fest. Ive been with them
for many years and you need to get quotes from them and an independent
agent, too. Insurance markets change rapidly and what holds true today may
be the complete opposite in six months.
|
Indeed. The reason I went with Avemco in the first place is that they were
$500 cheaper than everyone else last year.
--
Jay Maynard, K5ZC, PP-ASEL, AGI http://www.conmicro.com
http://jmaynard.livejournal.com http://www.tronguy.net
Fairmont, MN (KFRM) (Yes, that's me!)
AMD Zodiac CH601XLi N55ZC http://www.tronguy.net/N55ZC.shtml
| | - The Matronics Zenith-List Email Forum - | | | Use the List Feature Navigator to browse the many List utilities available such as the Email Subscriptions page, Archive Search & Download, 7-Day Browse, Chat, FAQ, Photoshare, and much more:
http://www.matronics.com/Navigator?Zenith-List |
|
_________________
Jay Maynard, K5ZC
AMD Zodiac XLi N55ZC |
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