X-Virus-Scanned: clean according to Sophos on Logan.com Return-Path: Sender: To: lml@lancaironline.net Date: Fri, 05 Sep 2008 00:47:49 -0400 Message-ID: X-Original-Return-Path: Received: from imo-d03.mx.aol.com ([205.188.157.35] verified) by logan.com (CommuniGate Pro SMTP 5.2.7) with ESMTP id 3114340 for lml@lancaironline.net; Thu, 04 Sep 2008 12:46:06 -0400 Received: from Sky2high@aol.com by imo-d03.mx.aol.com (mail_out_v38_r10.8.) id q.d04.3e7b6896 (32915) for ; Thu, 4 Sep 2008 12:45:59 -0400 (EDT) From: Sky2high@aol.com X-Original-Message-ID: X-Original-Date: Thu, 4 Sep 2008 12:45:59 EDT Subject: Re: [LML] Re: 360 Insurance X-Original-To: lml@lancaironline.net MIME-Version: 1.0 Content-Type: multipart/alternative; boundary="-----------------------------1220546759" X-Mailer: Unknown sub 34 X-Spam-Flag:NO -------------------------------1220546759 Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit In a message dated 9/2/2008 11:10:24 P.M. Eastern Daylight Time, rwolf99@aol.com writes: So, what *is* the going rate for insurance on a 360? I'm an IFR-rated commercial pilot with 500 hours total and zero hours in type. $1000 per year? Sure I'll buy it. $2000 per year? I'll grumble but pay it. $7000 per year? No way. Is there a significant savings to be had by forgoing hull insurance? I believe that most airports require liability insurance in order to rent a hangar. Rob, Forgoing in motion hull insurance merely means you are self insuring for damage to your own aircraft once the engine is running. Not in motion insurance is very cheap (like automobile comprehensive). Liability insurance may be easier to get with low time in type although you may not be able to get $1M smooth - i.e. there may be limitations on what passengers are insured for. Usually aircraft liability insurance extends to liability coverage while the airplane is located at a facility in which the airplane is stored or maintained. You should check with an agent (such as Falcon) or the EAA if you are a member. My liability insurance premium (1M/100K) is $450 where I am the sole pilot (SEL, MEL, Comm, Inst, 2270 TT, 930 in type) and the in motion hull premium for my self-built TAA Lancair 320, valued at $100,000, is $1990. Originally, I thought I didn't need hull insurance as it wouldn't make much difference to my estate and all accidents end in death. I was wrong. After paying for the repairs following a non-insured gear up ('twas pricey), I chose to insure the hull. Let's see, that was 6 years ago and about $12,000 in premiums. 70 more hours and I will be safe from accidents - maybe then I'll drop the in motion insurance. Grayhawk **************It's only a deal if it's where you want to go. Find your travel deal here. (http://information.travel.aol.com/deals?ncid=aoltrv00050000000047) -------------------------------1220546759 Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: quoted-printable

In a message dated 9/2/2008 11:10:24 P.M. Eastern Daylight Time,=20 rwolf99@aol.com writes:

So,=20 what *is* the going rate for insurance on a 360? I'm an IFR-rated=20 commercial pilot with 500 hours total and zero hours in type.

$10= 00=20 per year? Sure I'll buy it.
$2000 per year? I'll=20 grumble but pay it.
$7000 per year? No way.

Is there a=20 significant savings to be had by forgoing hull insurance? I=20 believe that most airports require liability insurance in order to rent=20= a=20 hangar.

Rob,

Forgoing in motion hull insurance merely means you are se= lf=20 insuring for damage to your own aircraft once the engine is running. N= ot=20 in motion insurance is very cheap (like automobile comprehensive). =20 Liability insurance may be easier to get with low time in type although you=20= may=20 not be able to get $1M smooth - i.e. there may be limitations on what passen= gers=20 are insured for. Usually aircraft liability insurance extends to liabi= lity=20 coverage while the airplane is located at a facility in which the airpl= ane=20 is stored or maintained. You should check with an agent (such as Falco= n)=20 or the EAA if you are a member.

My liability insurance premium (1M/100K) is $450 where I am th= e sole=20 pilot (SEL, MEL, Comm, Inst, 2270 TT, 930 in type) and the in moti= on=20 hull premium for my self-built TAA Lancair 320, valued at $100,000, is=20 $1990.

Originally, I thought I didn't need hull insurance as it wouldn't m= ake=20 much difference to my estate and all accidents end in death. I was=20 wrong. After paying for the repairs following a non-insured gear=20= up=20 ('twas pricey), I chose to insure the hull. Let's see, that was 6= =20 years ago and about $12,000 in premiums. 70 more hours and I will be s= afe=20 from accidents - maybe then I'll drop the in motion=20 insurance.

Grayhawk

It= 's only a deal if it's where you want to go. Find your travel deal here.

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