I was quoted less than $6,000 for the G-III about a year ago although
it may be higher now.

Our friends who bought our Warrior inquired about purchasing a Lancair kit
at OSH '03. When the salesman found out they were 500-hour, VFR pilots, he
didn't want to even discuss insurance.

We have a friend who is finally (after 10 years!) finishing his GlasAir.
It's retractable, with a 300 HP O-540, with a $60K panel -- and completely
uninsurable. Even with his university payscale, he admits there is no way
in the world he could afford to fully insure it.

I've got a $100K plane, and pay less than $1300 per year for full coverage
on two pilots. To me, it just doesn't make any sense to buy a $250 K
airplane, (as in the case of a Cirrus) and then pay $15K per year to insure
it. You're getting just 2.5 times more value (less, really, considering
depreciation), and paying more then TEN times more annually to insure it?

That's nuts.

Worse, it eliminates many people who, like my friends, could afford the
$1000-per-month payments on a Cirrus (spread over 20 years), but could not
swing the extra $1250 per month to insure it.
--
Jay Honeck
Iowa City, IA
Pathfinder N56993
www.AlexisParkInn.com
"Your Aviation Destination"

"Roger Halstead" wrote in message
...
On Mon, 08 Dec 2003 23:27:04 GMT, "Jay Honeck"
wrote:

On the contrary, MOST experimentals ARE insurable.

Well, in the same sense that Betty Grable's legs were "insurable".

The only experimental aircraft with affordable insurance that I know of
is
the RV line. I've talked to the Glasair and Lancair people (and the
Cirrus
people, in the certificated category), and they all just try to change
the
subject when you bring up insurance. They ALL try to gloss over the fact
that you will be paying upwards of $15K per YEAR for full coverage.


Roger Halstead (K8RI & ARRL life member)
(N833R, S# CD-2 Worlds oldest Debonair?)
www.rogerhalstead.com
Return address modified due to dumb virus checkers

I'm sorry, but in my world, that's "uninsurable"...