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Date: Thu, 26 Mar 2009 20:14:10 -0400
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From: Charlie Kohler <charliekohler@yahoo.com>
Subject: Insurance
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I have bad news and good news.

I received the bad news in the form of my AIG renewal quote. It was $12,000 (4%) for $300,000 hull coverage with a $50,000 deductible (in motion).  And with the standard $1 million liability and $100,000 a seat. 
I have over 30,000 hours, no accidents, no incidents, no violations, no gear ups, no claims, no nothing. Many thousands of hours in Lancair IV's.  I would be crying but for the fact I have good news. 

The good news. I'm going to save a lot of money this year (I hope). Not only will I be saving $12,000 minus the liability premium, I will not be participating in the Lancair in-house inspections and HPAT check rides.

I will just have to be governed by the Federal Aviation Administration's woefully lame directives (I guess thats what AIG thinks)-- such as a part 43 Appdx D "Condition Inspection" and " instrument recurrency" and all the part 61 currency items.
So instead of being checked by Tim W., and the HPAT instructors, I will have the ability to choose whoever I see as most qualified and available to administer these checks. 
(Do they really think it's practical to fly a Lancair from Florida to Oregon and wait around in motels for over a week while they do their inspection?  And then fly back home? When qualified pilot instructors and mechanics are nearby?  

Do you think this will seal my doom? Really??

Re; AIG. I believe AIG has been neutered by it's stupidity over the bonuses and their mortgage insurance. The hammering by the media and public have pummelled the leadership to a pulp. I seriously doubt if they will be able to rationally discuss a reasonable Inspection, training, and rate structure for a airplane like the Lancair for quite awhile.

You know, I don't believe I care.  When I see the numbers, the annual bonuses, and the high risk policies (on mortgages) they took on, I think the Lancair community is taking a lot of heat that it does not deserve. 

 You know I think it comes down to being penny wise and pound foolish.  And we're the pennies being charged way too many pounds for the foolish few. 


Charlie K.