Glider Insurance?

[Graham Drinkell[_2_]]

Why have the costs risen so high? I was a loyal customer for over 10
years to a particular insurance company, whom informed me I was not
allowed to allow young pilots to fly my glider.
They have now declined me from their insurance cover.
I have tried another broker, but their charges are excessive, to the
point I will quit gliding.

[Tim Taylor]

Too many glider accidents in the last few years with high value gliders. Soaring is a relatively small pool for insurance purposes and the new gliders are running $200 K to $300 k USD.

[Dan Marotta]

Is it possible to get liability only insurance?

On 7/19/2020 4:44 PM, Tim Taylor wrote:
> Too many glider accidents in the last few years with high value gliders. Soaring is a relatively small pool for insurance purposes and the new gliders are running $200 K to $300 k USD.

--
Dan, 5J

[Eric Greenwell[_4_]]

Dan Marotta wrote on 7/20/2020 8:11 AM:
> Is it possible to get liability only insurance?
>
> On 7/19/2020 4:44 PM, Tim Taylor wrote:
>> Too many glider accidents in the last few years with high value gliders.
>> Soaring is a relatively small pool for insurance purposes and the new gliders
>> are running $200 K to $300 k USD.
>
I'm sure it is, and it's a lot cheaper than hull insurance. It doesn't cover
damage to the glider you are flying, of course. Contact your insurer.

--
Eric Greenwell - Washington State, USA (change ".netto" to ".us" to email me)
- "A Guide to Self-Launching Sailplane Operation"
https://sites.google.com/site/motorgliders/publications/download-the-guide-1

[[email protected]]

Hull insurance is only required if you have a loan on the Glider. I limit the value of the glider I own to $40K and self-insure for the value of the ship. I only carry Liability Insurance on the ship, $293.00 this year from Costello. I also self-insure for the value of my cars and carry Liability only insurance on them. After Hartford Insurance Compony canceled our Home Owners Insurance because of all the wild fires in California, I self-insured for a while until State Farm decided to insure our place that is one mile from the local fire department and we have a fire hydrant on the property!
Hope this helps,
JJ

[Graham Drinkell[_2_]]

At 22:13 19 July 2020, Graham Drinkell wrote:
>Why have the costs risen so high? I was a loyal customer for over 10
>years to a particular insurance company, whom informed me I was not
>allowed to allow young pilots to fly my glider.
>They have now declined me from their insurance cover.
>I have tried another broker, but their charges are excessive, to the
>point I will quit gliding
>
>
>

[[email protected]]

On Monday, July 20, 2020 at 4:14:20 PM UTC-4, wrote:
> Hull insurance is only required if you have a loan on the Glider. I limit the value of the glider I own to $40K and self-insure for the value of the ship. I only carry Liability Insurance on the ship, $293.00 this year from Costello. I also self-insure for the value of my cars and carry Liability only insurance on them. After Hartford Insurance Compony canceled our Home Owners Insurance because of all the wild fires in California, I self-insured for a while until State Farm decided to insure our place that is one mile from the local fire department and we have a fire hydrant on the property!
> Hope this helps,
> JJ

Does that $293 include coverage of your glider in case of storm damage, road accident, hangar fire, etc, or do you self-insure for that too?

[[email protected]]

Liability only.............what you may do to others while operating your Glider!
I strive to drive safe and fly safe, and I’m willing to take a hit, if necessary!
Full coverage on a 40K Glider is around $2500/yr..........say 5 years of safe operation with liability only and you’ll have 10K of your money to deal with a loss! No loss and you keep the dough! That means 100K of portfolio is dividends on my no hull insurance policy!
I have operated like this for most of the last 50 years..........I’m too cheap to pay big insurance bills, year after year! A 40K Glider will do everything I want and need.
JJ

[SS]

On Monday, July 20, 2020 at 6:31:09 PM UTC-6, wrote:
> Liability only.............what you may do to others while operating your Glider!
> I strive to drive safe and fly safe, and I’m willing to take a hit, if necessary!
> Full coverage on a 40K Glider is around $2500/yr..........say 5 years of safe operation with liability only and you’ll have 10K of your money to deal with a loss! No loss and you keep the dough! That means 100K of portfolio is dividends on my no hull insurance policy!
> I have operated like this for most of the last 50 years..........I’m too cheap to pay big insurance bills, year after year! A 40K Glider will do everything I want and need.
> JJ

Right! Flying a good “cheap" glider is extra-satisfying: no loan payment, no need for hull coverage, less anxiety about breaking something, better bang-for-the-buck compared to the expensive rides. Same with cars and lots of things.

[[email protected]]

Graham,

Have you tried LL Johns, 248-666-4779 . They use USAIG, instead of AIG that many others use. A small local group of us has had better luck with them lately.

Kevin
92

[Turkey Vulture]

On Sunday, July 19, 2020 at 6:15:03 PM UTC-4, Graham Drinkell wrote:
> Why have the costs risen so high? I was a loyal customer for over 10
> years to a particular insurance company, whom informed me I was not
> allowed to allow young pilots to fly my glider.
> They have now declined me from their insurance cover.
> I have tried another broker, but their charges are excessive, to the
> point I will quit gliding.

Graham what glider are you trying to insure? I don't like hearing this trend...

[WhiskyRomeo2 Ruehle]

$2500/yr for 40k of coverage is ridiculous. Try LL Johns, that’s what I pay for about 3 1/2 times the coverage.

[kinsell]

On 7/21/20 7:00 AM, Turkey Vulture wrote:
> On Sunday, July 19, 2020 at 6:15:03 PM UTC-4, Graham Drinkell wrote:
>> Why have the costs risen so high? I was a loyal customer for over 10
>> years to a particular insurance company, whom informed me I was not
>> allowed to allow young pilots to fly my glider.
>> They have now declined me from their insurance cover.
>> I have tried another broker, but their charges are excessive, to the
>> point I will quit gliding.
>
> Graham what glider are you trying to insure? I don't like hearing this trend...
>


It's not just the glider type, it's pilot age, medical history, claims
history also.

[MNLou]

I insure for full coverage on twice the value for 1/2 that cost through Costello. Something else is affecting that premium.

A friend just got a quote for LL Johns. It was higher than Costello.

YMMV -

Lou

[[email protected]]

Yeah, that quote was a memory fart.................probably from our ASH-25 with 4 partners on 100K. Hull is normally about 2% of insured value + liability.
I’m Still too cheap to buy hull..........I have bent 3 gliders in 50 years! Only one claim for a broken boom ........insurance paid 4K!
That’s when I said, screw this, I’ll self insure whenever I can.
JJ

[[email protected]]

On Tuesday, July 21, 2020 at 10:05:34 AM UTC-7, wrote:
> Yeah, that quote was a memory fart.................probably from our ASH-25 with 4 partners on 100K. Hull is normally about 2% of insured value + liability.
> I’m Still too cheap to buy hull..........I have bent 3 gliders in 50 years! Only one claim for a broken boom ........insurance paid 4K!
> That’s when I said, screw this, I’ll self insure whenever I can.
> JJ

My parents never insured their house back in the UK. When I discovered this, I was horrified. But my father said 'how many houses have you seen on fire?' He also told me he and my mother did take the bus to visit the insurance company office (this was before the internet) and when they saw the plush company offices, they understood where their money would go, and walked away.

[[email protected]]

On Monday, July 20, 2020 at 8:31:09 PM UTC-4, wrote:
> Liability only.............what you may do to others while operating your Glider!
> I strive to drive safe and fly safe, and I’m willing to take a hit, if necessary!
> Full coverage on a 40K Glider is around $2500/yr..........say 5 years of safe operation with liability only and you’ll have 10K of your money to deal with a loss! No loss and you keep the dough! That means 100K of portfolio is dividends on my no hull insurance policy!
> I have operated like this for most of the last 50 years..........I’m too cheap to pay big insurance bills, year after year! A 40K Glider will do everything I want and need.
> JJ

Best advice I've heard - thanks!