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That makes sense. Why would EAA help insure an Experimental
aircraft
with Experimental engine?
For the record, I'm as
unhappy with the EAA as many of you are, but unless the EAA organization
becomes large enough to directly insure aircraft, they will not have much
control over the insurance situation.
As it was explained to
me, the original deal between the EAA and Avemco was to insure every
aircraft for at least liability coverage, and most
for full coverage. It would seem that Avemco didn't think
this through very well, and found themselves being asked to cover aircraft that
were just way too risky to insure. As time went on, Avemco
started saying no to more and more people, and the EAA reminded them
of their promise. At that point, Avemco said fine, then we just won't
be your insurance program anymore.
Of course Avemco is just
like every other insurance company, in that they don't want to insure something
they aren't convinced is a good risk. That means the EAA had to
move on to the best option they had, which certainly doesn't include any promise
to insure everyone.
As usual, the true bad
guy is the insurance company. BTW, State Farm just increased all
FL homeowners policies by 53%!!! Yippee...
Cheers,
Rusty (hate
paying $500/mo for all my insurance)
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