From: n427jb@bellsouth.net
[mailto:n427jb@bellsouth.net]
I did hear that Avemco was
starting to insure Lancair aircraft. I would ask that all report here on
the LML our experiences with other insurance companies.
Insurance experience:
After initial training with Pete Z in December 2007, AIG insured my IV-P
for the year 2008. They required annual recurrent training. When it
came time to renew / reapply for 2009 I tried to get them to accept Jeff as
the trainer, but they would only accept HPAT. And, after 80 hours of
IV-P time more than I had the previous year and after a second round of
training, my rates would increase 45% and my deductible would go from $100
(one hundred) to $30,000 (thirty-thousand).
Jenney Estes at Nation Air Aviation Insurance (877-475-5860) found coverage
for me with Aerospace Insurance Managers. They accepted Jeff to do the
recurrent training. The deductible was $15,000 instead of $30,000 and the
rate was 33% LESS than the rate AIG quoted for 2009.
Some time during this process AIG changed their mind about not approving
Jeff for my recurrent training and said they would approve him for this year
only.
I went with Aerospace Insurance. Jenney Estes at Nation Air is great
to work with.
Training experience:
Initial training with Pete was great. He took me from zero
time to ten hours and I felt comfortable flying the airplane and very very
respectful of what could go wrong. Dealing with HPAT scheduling,
availability, cancellations due to lack of trainers, returning phone calls,
and clarity of expenses was extremely poor. I reviewed this with Pete
at that time in Dec 2007. He said that although it was something he did not want
to hear he was glad to hear it so he could take steps to fix
it.
Recurrent training with Jeff was outstanding. Jeff knows the airplane
and he know how to teach. The training syllabus and handout material was
very good. Dealing with Jeff in all of the "other" aspects was a
pleasure.
Ken Kellner
IV-P 14LK
----- Original Message -----
Sent: Friday, December 26, 2008 7:33
PM
Subject: RE: Insurance
From: n427jb@bellsouth.net
[mailto:n427jb@bellsouth.net]
I did hear that Avemco was
starting to insure Lancair aircraft. I would ask that all report here on
the LML our experiences with other insurance companies.
Avemco quoted me $4200 to insure my GlaStar, while for the exact same coverage
AIG quoted $2200. I switched companies (a no-brainer) and got into a
legal battle with Avemco over my cancellation. I had the Ohio
Attorney General's office threaten Avemco with a lawsuit and they finally
backed off. Deal with those buggers at your own peril.
Robert M. Simon
ES-P N301ES
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