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#1
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What are you older chaps paying for insurance?
I just turned 68 and am wonder if I'm going to have a hard time getting insurance in a year or two. I have a pretty simple plane (Tri-Pacer) and at the moment insurance is quite affordable. However I've heard some rumors that the insurance industry is trying to force us old farts out of the air. If anyone has had their insurance jump up as a matter of age, I'd be interested in knowing what age triggered the increase. I've been flying since I soloed in 54 and got my private in 55 so I'd kinda hate being grounded by insurance. Thanks Paul N1431A |
#2
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My agents suggests pilot approaching 70 not change insurance companies
because it can be expensive to get a policy without a history of good coverage behind it. Not sure how that effects your situation though. My agent is SouthWest Aviation Inc. http://www.southwestaviation.com/ I've spent hours on the phone with them asking all sorts of insurance questions. They are good guys. -Robert |
#3
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I'm 71 and have been with Avemco for two years. I pay about $1,500 per
year for 1 million/300k liability and 70k hull on my Archer. I had 1 million smooth with AIG before that for about the same price. At 70, AIG would not qoute anything higher than 1 million/100k. The idea of staying with one company as you age probably has some value. I found Avemco to be the most flexable. Chuck Tri-Pacer wrote: What are you older chaps paying for insurance? I just turned 68 and am wonder if I'm going to have a hard time getting insurance in a year or two. I have a pretty simple plane (Tri-Pacer) and at the moment insurance is quite affordable. However I've heard some rumors that the insurance industry is trying to force us old farts out of the air. If anyone has had their insurance jump up as a matter of age, I'd be interested in knowing what age triggered the increase. I've been flying since I soloed in 54 and got my private in 55 so I'd kinda hate being grounded by insurance. Thanks Paul N1431A |
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