russkinne(at)mac.com
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 Posted: Sat Jan 23, 2010 8:23 am Post subject: insurance |
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FWIW -- I had insurance with Avemco, for a Cessna. When I put it on
floats they increased the premium by almost 60%. Not pleasant, but
understandable. When I took it OFF floats they refused to lower the
premium again. They said, "We know you'll put it back on floats, and
we'll keep charging the higher premium". Goodbye Avemco.
When queried, another company said they'd pay me $13,500 for a total
loss. My year and model plane was then selling for about $50,000.
Goodby, other company.
Got insurance through the Antique A/C Assn, had an engine seize & did
minor damage on landing. They did pay for that, but of course not
cost of removal or a new engine. I have no arguments with this company.
So some are good, some aren't; but they all will say, "Thanks for the
premiums, goodbye" if you give them half a chance. Keep all paperwork
current! (aka, CYA)
I try not to fly anything anywhere without liability insurance, and
try to read the policy when I rent.
Russ K
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