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#1
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Hull/Liability Insurance Recommendations
The BlueOnBlue 182 is coming up for insurance (hull & liability) renewal in
about fifteen days. I'm very careful to get competitive quotes using the same coverage. So far it is: Phoenix $805 AIG $920 Global $939 (current carrier with no renewal discount) Any suggestions on another quote that can be done inside a week? Any COMMENTS, good or bad, about the two lowest bidders? Jim Jim Weir (A&P/IA, CFI, & other good alphabet soup) VP Eng RST Pres. Cyberchapter EAA Tech. Counselor http://www.rst-engr.com |
#2
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On Tue, 12 Oct 2004 17:49:44 -0700, Jim Weir wrote:
The BlueOnBlue 182 is coming up for insurance (hull & liability) renewal in about fifteen days. I'm very careful to get competitive quotes using the same coverage. So far it is: Phoenix $805 AIG $920 Global $939 (current carrier with no renewal discount) Any suggestions on another quote that can be done inside a week? Any COMMENTS, good or bad, about the two lowest bidders? This is a link to a recent 16-post thread on the Cherokee 235 BBS that you may find relevant: http://www.cabo-rental.net/cherokee2...ML/000475.html Your numbers sound low for an equivalent airplane. It'd be interesting to hear your take. Don |
#3
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Jim Weir wrote: Any COMMENTS, good or bad, about the two lowest bidders? My policy (through a broker) is with AIG. Had a claim a few years ago. It was paid promptly with none of this "get three written estimates" BS, and my premiums did not go up the next year. George Patterson If a man gets into a fight 3,000 miles away from home, he *had* to have been looking for it. |
#4
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Without knowing the hull value you're insuring it's hard to tell if those
are good quotes, but generally those sound like really good numbers. There aren't many other markets for aviation insurance. The ones you haven't mentioned are US Specialty (USSIC), USAIG, London Aviation Underwriters, Aerospace Insurance Managers and Avemco. London and AIM are more specialty markets for hard-to-place insurance risks, so they aren't likely to be competetive price-wise with the other markets. You can call Avemco direct since they are a direct writer and don't work through the brokerage system. Your insurance agent should be able to get quotes from USSIC and USAIG for you. Phoenix is an excellent company (I used to work for them) and they have an excellent claims handling reputation. Jon Howard "Jim Weir" wrote in message ... The BlueOnBlue 182 is coming up for insurance (hull & liability) renewal in about fifteen days. I'm very careful to get competitive quotes using the same coverage. So far it is: Phoenix $805 AIG $920 Global $939 (current carrier with no renewal discount) Any suggestions on another quote that can be done inside a week? Any COMMENTS, good or bad, about the two lowest bidders? Jim Jim Weir (A&P/IA, CFI, & other good alphabet soup) VP Eng RST Pres. Cyberchapter EAA Tech. Counselor http://www.rst-engr.com |
#6
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What possible difference would that make? All that should matter is that I give
the same information to each company from whom I solicit a bid. Because it seems to make a difference to you, $45K hull, $500K liability limited to $100K/passenger. What I was trying to avoid was a long list of why this is the wrong coverage, how much the hull is actually worth ... I don't need it. Jim (TripFarmer) shared these priceless pearls of wisdom: -It would help if you gave the deatils of your coverage. - - - -Trip Jim Weir (A&P/IA, CFI, & other good alphabet soup) VP Eng RST Pres. Cyberchapter EAA Tech. Counselor http://www.rst-engr.com |
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#8
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I appreciate the link, but when I go to the online application and "hangar" and
"occupation" are misspelled, and then go to the "send us email" link and it gives me an Apache server error, I tend to shy away. They are probably very nice people, but their inattention to detail on their website makes me question the attention to detail of the business. Jim (One's Too Many) shared these priceless pearls of wisdom: -Give a call to AUA in Greensboro, NC. - -http://www.auaonline.com Jim Weir (A&P/IA, CFI, & other good alphabet soup) VP Eng RST Pres. Cyberchapter EAA Tech. Counselor http://www.rst-engr.com |
#9
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#10
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Jim,
Those rates sound extremely low for a Cessna 182 of any vintage. What is the hull value you are insuring? What is the liability coverage (if you are getting less than $1 million smooth you may very well have inadequate coverage as the "$100,000 sublimit" policies mean only $100,000 is available per injured/deceased person, which is not adequate for such a claim and puts your assets at risk)? It sounds as if your broker has shopped the market. The companies you referenced are all very reputable. The concern I have is that the quote you have just seems too low by a large factor. I would be surprised to find satisfactory coverage for a Cessna 182 for under $2,000 a year. All the best, Rick Jim Weir wrote in message . .. The BlueOnBlue 182 is coming up for insurance (hull & liability) renewal in about fifteen days. I'm very careful to get competitive quotes using the same coverage. So far it is: Phoenix $805 AIG $920 Global $939 (current carrier with no renewal discount) Any suggestions on another quote that can be done inside a week? Any COMMENTS, good or bad, about the two lowest bidders? Jim Jim Weir (A&P/IA, CFI, & other good alphabet soup) VP Eng RST Pres. Cyberchapter EAA Tech. Counselor http://www.rst-engr.com |
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