life/accident insurance in Experimental category gliders
On Jan 19, 6:55*am, Phillip LaBerge wrote:
Dear All,
I just had a rude shock when checking my life insurance that I carry
expressly for flying light airplanes. I am not covered while flying my
ASW-20 because it is in the Experimental Category.
Hi Phillip, how are you? I had this same problem when purchasing non-
owners (renters) insurance through Avemco. I didn't notice the
exclusion for experimental aircraft until someone mentioned it on this
forum and I checked. That rules out most rental aircraft, and my
father's Ventus that I do most of my flying in. So I cancelled the
policy and switched to Costello. His insurer (AIG) had no such
restriction, gave me the hull and liability coverage I wanted, and was
maybe only $50 more/yr.
Also worth noting, I filed a small claim with them last year for some
minor damage due to a landout. It was handled professionally, and
paid in full, with no deductible. I was worried about what the renewal
would cost me for 2008, given the claim, but they actually LOWERED my
premium $100 this year. Things may be different for commercial/CFIG
insurance, but as you could guess, I am quite happy with how Costello/
AIG has treated me.
Matt (Jr)
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