Light Twins. How soft???

"Dennis O'Connor" writes:

Well, depends... And, Bob Hoover I ain't... I just sent the payment for
another year's renewal on my Apache... One million liability plus the value
of the hull... $2990.00 ymmv

Maybe you should trade up to an Aztec and save some money. (Ha ha!)
http://groups.google.com/groups?hl=e....org&frame=off

I just realized that I have the policy details now. I'll post them
in that thread.

--kyler

Or has it become damn near impossible to find an insurance company that
will insure you in a light twin unless you have slightly more flying
experience than Bob Hoover?

It's not just airplane insurance. The insurance industry in America is in
crisis.

Insurance for the hotel just DOUBLED -- and no one else will even quote us.

And, no, we haven't made a claim.
--
Jay Honeck
Iowa City, IA
Pathfinder N56993
www.AlexisParkInn.com
"Your Aviation Destination"

If the stock market continues to perform well, premiums should come down.
Since insurance companies collect premiums now and plan to pay claims in the
future, the rate of return on the invested premiums is a critical part of
the calculation of how much those premius should be in the first place.

Mike
MU-2


"Jay Honeck" wrote in message
news:zOJwb.299069$HS4.2688344@attbi_s01...
Or has it become damn near impossible to find an insurance company that
will insure you in a light twin unless you have slightly more flying
experience than Bob Hoover?

It's not just airplane insurance. The insurance industry in America is in
crisis.

Insurance for the hotel just DOUBLED -- and no one else will even quote
us.

And, no, we haven't made a claim.
--
Jay Honeck
Iowa City, IA
Pathfinder N56993
www.AlexisParkInn.com
"Your Aviation Destination"

"Mike Rapoport" wrote in message
link.net...
If the stock market continues to perform well, premiums should come down.
Since insurance companies collect premiums now and plan to pay claims in
the
future, the rate of return on the invested premiums is a critical part of
the calculation of how much those premius should be in the first place.

Mike
MU-2

When policy holders are held liable for occurrences beyond their control and
damages that are hideous, there's only one way for the insurance companies
to make it up.

See my other post about our totally nutbar tort system.

True, but that is not going to change anytime soon. I was interested to
read that most of the profit from the Comstock silver strike in the 1860's
was consumed in litigation over who owned the claims. Americans willingness
to use the courts to secure "fair" settlements goes back a long way.

Mike
MU-2


"Tom S." wrote in message
...

"Mike Rapoport" wrote in message
link.net...
If the stock market continues to perform well, premiums should come
down.
Since insurance companies collect premiums now and plan to pay claims in
the
future, the rate of return on the invested premiums is a critical part
of
the calculation of how much those premius should be in the first place.

Mike
MU-2

When policy holders are held liable for occurrences beyond their control
and
damages that are hideous, there's only one way for the insurance companies
to make it up.

See my other post about our totally nutbar tort system.

On Tue, 25 Nov 2003 14:37:19 GMT
"Jay Honeck" wrote:

Or has it become damn near impossible to find an insurance company that
will insure you in a light twin unless you have slightly more flying
experience than Bob Hoover?

It's not just airplane insurance. The insurance industry in America is in
crisis.

You can say that again, here's one reason why:

"... a settlement in Texas over unfair charges for overdue
video rentals, trial lawyers received $9.25 million in fees
and expenses, while customers received two free movie
rentals and coupons for $1 off."

That's not a joke. That money doesn't materialize out of nowhere.

Trial lawyers and a jury of "peers" are to blame. It might even be that
the juries are to blame as the jury selection process is absurd, at best.

Just pick 12 people and be odne with it.


Insurance for the hotel just DOUBLED -- and no one else will even quote us.

And, no, we haven't made a claim.
--
Jay Honeck
Iowa City, IA
Pathfinder N56993
www.AlexisParkInn.com
"Your Aviation Destination"

"Montblack" wrote
I keep hearing "the market for Light Twins is soft."

Soft really isn't the right word. Nonexistent is more like it.

Are used Light Twins not selling these days, or are they selling for
what some would consider "bargain" prices, or both?

The ones that are selling are going for bargain prices. Mostly
they're simply not selling, since most owners are simply not willing
to take a beating. Those who have high quality light twins and can
afford to keep them are mostly just keeping them.

Did the economy's shake-up knock quite a few people out of the Twin
tree - people who were just barely holding on, "before" the shake-up?

Yes, some of that is going on. Those are the twins that are selling
for bargain prices. They're no bargain. The people who were just
barely holding on were the same ones skimping on maintenance. With
money tight and a plan to sell, you can be certain that anything that
could possibly be deferred was deferred, regarless of long-term
consequences. The economy has been in the crapper for over two years
now. The owners who are willing to sell at a bargain price are the
same ones who have been getting pencilwhip annuals for the last two
years or more.

You might also manage to get a bargain if someone is trading up - but
right now, very few light twin owners are trading up. In fact, most
are looking to trade down. It doesn't help that a huge fraction of
light twin owners are airline captains, and they're more worried about
their financial future than most.

Then there are the trainers. With flight training (especially foreign
student training) in the crapper since 9/11, flight schools aren't
buying. Not really a factor when you're looking at the 250+ hp/side
class of twin, but a huge deal in the under-200 hp/side market.

Michael