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#41
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I think the $15K you refer to is for the SR22 w/ a hull value of $350K
with low time, non instrument rated pilots/students. Well, I don't know if 500 hours is considered "low-time". But if what you say is true, tripling the insurance rates simply for lack of an IR seems ridiculous, given the fact that the couple in question is on their third plane -- all accident/incident-free. Many years of perfectly safe VFR flight, in three different planes, should count for something. Insurance people drive me nuts. -- Jay Honeck Iowa City, IA Pathfinder N56993 www.AlexisParkInn.com "Your Aviation Destination" |
#42
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On 9-Dec-2003, "Jay Honeck" wrote: Well, I don't know if 500 hours is considered "low-time". But if what you say is true, tripling the insurance rates simply for lack of an IR seems ridiculous, given the fact that the couple in question is on their third plane -- all accident/incident-free. Many years of perfectly safe VFR flight, in three different planes, should count for something. My guess -- and that's all it is; I don't know a great deal about the insurance biz -- is that the underwriters look at expensive, high performance airplanes, with lots of expensive, high performance IFR avionics, and assume that VFR pilots will be tempted to fly them in at least marginal VFR conditions, with deadly results. Unfortunately, VFR flight in IFR conditions continues to be a top cause of accidents. If your friends want to own and fly a high performance airplane they might be well served to get an IFR rating just on the basis of reduced cost for insurance. That their investment would then have much greater utility would of course be a bonus. In my case, when my partners got their IFR tickets the insurance premiums on our Arrow went down significantly. I imagine that the difference for something like an SR-22 would be dramatic. -- -Elliott Drucker |
#43
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Jay,
and then pay $15K per year to insure it. where do you get this number? I haven't heard of anyone paying that much for a Cirrus. -- Thomas Borchert (EDDH) |
#44
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Jay,
tripling the insurance rates simply for lack of an IR seems ridiculous, given the fact that the couple in question is on their third plane -- all accident/incident-free. Well, not really. VFR into IMC leads the accident statistics. And I don't understand the couple in question: doing the IR is a no-brainer costwise, with that kind of differential. -- Thomas Borchert (EDDH) |
#45
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and then pay $15K per year to insure
it. That's the number quoted to my 500 hour, VFR, incident/accident-free friend by AOPA. -- Jay Honeck Iowa City, IA Pathfinder N56993 www.AlexisParkInn.com "Your Aviation Destination" |
#46
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#47
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Unfortunately, VFR flight in
IFR conditions continues to be a top cause of accidents. Not really. Check out the Nall report - all weather related accidents (including VFR into IMC) are barely a quarter of the accident picture. If you look only at *FATAL* accidents, I think you will find the percentage of weather related accidents (VFR into IMC) will be much higher. |
#48
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"Jay Honeck" wrote in message news:5UFBb.491370$HS4.3767341@attbi_s01... and then pay $15K per year to insure it. That's the number quoted to my 500 hour, VFR, incident/accident-free friend by AOPA. Man for those prices you could make a good down payment on a 100 acres and build your own airstrip. Dashi |
#49
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Jay Honeck wrote: That's the number quoted to my 500 hour, VFR, incident/accident-free friend by AOPA. AOPA is not the best choice for many of these planes. The last person I spoke to at AOPA about insurance was honest enough to state that their company could not give me a competitive rate on my Maule. Your friend should call a real insurance broker. George Patterson Some people think they hear a call to the priesthood when what they really hear is a tiny voice whispering "It's indoor work with no heavy lifting". |
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