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#1
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Club insurance?
It's that time of year again. It's time for our club to renew it's
insurance. We're currently with AVEMCO but want to try to find something less expensive. They also impose a limit on the # of members we can have per airplane and would like to get out from under that restriction. Any recommendations for or against other companies? Experiences? Thanks |
#2
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Club insurance?
On Mar 19, 7:07*pm, "Robert Barker" wrote:
It's that time of year again. *It's time for our club to renew it's insurance. *We're currently with AVEMCO but want to try to find something less expensive. *They also impose a limit on the # of members we can have per airplane and would like to get out from under that restriction. *Any recommendations for or against other companies? *Experiences? Thanks We used to be on AVEMCO for our club, but moved to AIG a few years back. Better coverage for less money as I recall. No limits on # of members per airplane either. --Dan |
#3
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Club insurance?
"Robert Barker" wrote ... We're currently with AVEMCO.... They impose a limit on the # of members we can have per club airplane. Do you recall the member count per airplane they set as a limit? |
#4
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Club insurance?
"Mike Isaksen" wrote in message
news:JEkEj.7337$rR1.5036@trndny09... "Robert Barker" wrote ... We're currently with AVEMCO.... They impose a limit on the # of members we can have per club airplane. Do you recall the member count per airplane they set as a limit? They had several levels with different rates at each level. We're currently limited to 25 members per aircraft. |
#5
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Club insurance?
"Robert Barker" wrote ...
We're currently with AVEMCO.... They impose a limit on the # of members we can have per club airplane. "Mike Isaksen" wrote ... Do you recall the member count per airplane they set as a limit? "Robert Barker" wrote ... They had several levels with different rates at each level. We're currently limited to 25 members per aircraft. OK, that's what i've seen in their past. I thought for a moment that you were foreshadowing a major change in their underwriting policy. It seems fair for AVEMCO to charge higher premiums in steps as the member count per airplane goes up. |
#6
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Club insurance?
Fla. regulators seek to suspend AIG unit
************************************************** *** 'Given that these actions are in clear violation of the law, the office is left with little choice,' said Steve Parton, general counsel for the Office of Insurance Regulation. 'The office has warned American General in the past, but they have refused to change their practices.' American General, a subsidiary of American International Group Inc., has $338.2 million in annual premiums for variable annuities, group life and annuities, variable life, credit life, credit disability, and accident and health policies sold in Florida, OIR spokesman Ed Domansky said. ************************************************** ************************************************** **************************************88 You might want to do some homework... denny |
#7
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Club insurance? Club utilization?
"Robert Barker" ...
"Mike Isaksen" ... "Robert Barker" wrote ... We're currently with AVEMCO.... They impose a limit on the # of members we can have per club airplane. Do you recall the member count per airplane they set as a limit? They had several levels with different rates at each level. We're currently limited to 25 members per aircraft. As another followup, 25 (flying and named on policy) members per airplane would have seemed unmanageable 10 or 20 years ago. My club meetings turned into tirates when we first considered going from 10 to 12 per plane. Now I'm seeing member flying hours per year in the single digits, and a club almost needs 20 members per just to keep operational hours on the planes above 250 per year. What are you guys seeing as the recent numbers coming in from the clubs? a. Recent and past "hours per member per year"? b. Recent and past "hours per plane per year"? |
#8
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Club insurance? Club utilization?
Mike Isaksen wrote:
"Robert Barker" ... "Mike Isaksen" ... "Robert Barker" wrote ... We're currently with AVEMCO.... They impose a limit on the # of members we can have per club airplane. Do you recall the member count per airplane they set as a limit? They had several levels with different rates at each level. We're currently limited to 25 members per aircraft. As another followup, 25 (flying and named on policy) members per airplane would have seemed unmanageable 10 or 20 years ago. My club meetings turned into tirates when we first considered going from 10 to 12 per plane. Now I'm seeing member flying hours per year in the single digits, and a club almost needs 20 members per just to keep operational hours on the planes above 250 per year. What are you guys seeing as the recent numbers coming in from the clubs? a. Recent and past "hours per member per year"? b. Recent and past "hours per plane per year"? Our club with 20 members and 1 IFR Warrior has dropped from 350 to 100 hours in just two years. Rates are $50 per hour +33 per montht, and need to go up. We are considering going to 25 members. Avemco says rates (now $35000 will go up 10% if we do, but not until next renewal. |
#9
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Club insurance? Club utilization?
"BillJ" wrote in message
... says rates (now $35000 will go up 10% if we do, but not until next renewal. Is that a typo? |
#10
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Club insurance? Club utilization?
On Fri, 21 Mar 2008 13:38:05 GMT, "Steve Foley"
wrote: "BillJ" wrote in message ... says rates (now $35000 will go up 10% if we do, but not until next renewal. Is that a typo? I would hope so, that's barely short of the kind of number I've seen quoted for a CE510. |
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