My insurance went down again.

[Kyler Laird]

I just spoke with my insurance agent. My premium is slightly lower
again this year. I thought it might be interesting to those who are
considering a light twin.

For my 1966 Turbo Aztec (PA-23-250) at $100K hull value, AIG's
coverage is $2721. My info:
PA-23 hours 488
age 34
last checkride 20021101
last instruction 20030927
multi-engine hours 507
retractable gear hours 507
total hours 756
total hours, past 12 months 113

--kyler

[[email protected]]

On 11-Nov-2003, Kyler Laird > wrote:

> For my 1966 Turbo Aztec (PA-23-250) at $100K hull value, AIG's
> coverage is $2721.

Is that just hull coverage? What about liability? At what limits?
"Smooth" or with "per seat" limits?

--
-Elliott Drucker

[Kyler Laird]

writes:

>> For my 1966 Turbo Aztec (PA-23-250) at $100K hull value, AIG's
>> coverage is $2721.

>Is that just hull coverage?

no

>What about liability?

That is part of it.

>At what limits?
>"Smooth" or with "per seat" limits?

Oh, those are good questions. I'm embarrassed that I don't know the
answers off-hand. I rely a lot on my agent (Andy Facer) to set me up
with appropriate coverage. (We had a good discussion today about
reducing hull coverage and adding my wife as a named pilot. He's a
great resource and I recommend him.)

I'll try to remember to post the details when I receive the paperwork.

--kyler

[Kyler Laird]

writes:

>> For my 1966 Turbo Aztec (PA-23-250) at $100K hull value, AIG's
>> coverage is $2721.

>Is that just hull coverage? What about liability? At what limits?
>"Smooth" or with "per seat" limits?

hull value: $100,000
ground coverage
flight coverage
1966 Piper PA-23-250, land, Lycoming 250, 6 seats
not-in-motion deductible: $100
in-motion deductible: $100
premium: $1,904

additional territories: Alaska and islands of the West Indies, excluding Cuba

open pilot warranty:
Pivate, Multi-Engine and Instrument Rated pilots or better who
have at least 750 total logged hours as pilot in command, 250
hours in multi-engine aircraft and 25 hours in a Piper Aztec.

liability limits presently provided:
$1,000,000 combined single limit for Bodily Injury
and Property Damage limited to $100,000 per
passenger for Bodily Injury

medical payments - per passenger: $3,000

premium: $725

damage to non-owned hangars and contents: $25,000
aircraft parts rental expense: $5,000
premises liability: $1,000,000
search and rescue coverage: $10,000
'your' spare parts coverage: $25,000
aircraft rental expense: $5,000
personal effects liability - per person: $3,000
emergency landing coverage: $10,000

total premium: $2,629

--kyler