current small aircraft market????
On May 20, 7:55 pm, Newps wrote:
That's a terrible quote. When I bought my Bo in the summer of 05 I had
zero retract time. About 1100 hours total, almost all in my 182. Hull
value $90K. Premium was $2800 for the same limits as you except the
medical payments are either $3K or $5K, I forget. Last year the premium
was $2300. This year I expect it will be less then $2K especially since
I won't forget to ask to have it insured for four seats only this time.- Hide quoted text -
You can usually get a policy with the $100K sublimits if you have no
time in type, but forget smooth coverage. Even when I bought my
lowly Cherokee over a decade ago, I had to go the first year with the
$100K sublimit because I had no time in type. After the first year,
all of the companies except Avemco would quote a smooth policy.
Avemco doesn't do smooth.
By the way Newps, I think you got a great deal on your policy. Most
low-rectract time pilots usually take it in the shorts on their first
retract policy.
Last year at a backcountry strip, I met a guy selling a pristine '61
210 with a new engine and interior for just under $60K. He said he'd
had it on the market for 6 months, but none of the interested buyers
could get a reasonable insurance rate, so he had to keep lowering the
price. I think there's something that insurance companies don't like
about the 210 / Newbie retract pilot combo.
John Galban======N4BQ (PA28-180)
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