Return-Path: Received: from [65.173.216.66] (account marv@lancaironline.net) by logan.com (CommuniGate Pro WebUser 4.1.8) with HTTP id 2921538 for lml@lancaironline.net; Wed, 07 Jan 2004 12:40:03 -0500 From: "Marvin Kaye" Subject: Re: [LML] Insurance on L4P To: lml X-Mailer: CommuniGate Pro WebUser Interface v.4.1.8 Date: Wed, 07 Jan 2004 12:40:03 -0500 Message-ID: In-Reply-To: MIME-Version: 1.0 Content-Type: text/plain; charset="ISO-8859-1"; format="flowed" Content-Transfer-Encoding: 8bit Posted for "Barney Briton" : Jim I too was with Global Aerospace last year with my piston IVP. Their latest offer to renew was: $350,000 hull and 1,000,000 liability, zero deductible, yearly cost of $12,575. This was only available through AOPA. They requoted knowing that I am doing a turbine conversion. Their only question to me was "will that affect the hull value?". Since I base my plane in Springbank Alberta Canada, I am also finally doing the import into Canada of the airplane. So now that I am going to Canadian register it I have had to find Canadian insurance. I have since found Canadian insurance. They know that it is a turbine now. The Underwriter is Lloyds of London. New policy is: Hull $550,000 CDN, 1,000,000 liability, 5,000 deductible, premium $15,845 CDN. This is very comparable to the US rate, just converted into Canadian dollars. Actually the current exchange rate of 1.26 makes the premiums identical but the coverage on the Hull is $436,000 USD after conversion. You can get turbine coverage, I have had it offered by two separate companies now. I do have a fair amount of experience though and this probably plays a role. Neither company has had any annual training requirements on the policy which seems odd. This may be since I have always had Lancair training to begin with and keep it up on my own anyways. I also have 11,000 hours of professional pilot experience which also does not hurt. I believe that if done correctly a turbine can be insured. Although appropriate pilot experience I am sure will be required. I would think that if you have not flown something of similar performance or a turbine, that it may not be possible. Hope this helps. Barney Briton N53LB becoming C-GPOA LIVPT