More on High Performance Insurance

I received this from a friend who knows a Diamond Star owner in MA:

"If you can afford the planes you can probably afford the insurance but
AVEMCO wanted $8300 per year for the SR20 and only about $4500 for the DA40.
It seems that low-time pilots have made a mess of many a Cirrus. (I got my
best quotes from www.avemco.com and www.falconinsurance.com. A local agent
in Massachusetts was unable to do better than $9500!) AVEMCO lowered my
rate to $1800 for a second year of DA40 owernship while my friends who own
Cirrus are getting hit with big increases because of all the crashes."

While this is considerably better than the "$15K per year" I was told
earlier, it's still an astounding amount to pay for insurance, IMHO. And it
sounds like Cirrus owners will be looking at some pretty big increases.
:-(
--
Jay Honeck
Iowa City, IA
Pathfinder N56993
www.AlexisParkInn.com
"Your Aviation Destination"

On Fri, 12 Dec 2003 19:55:13 GMT, "Jay Honeck"
wrote:


While this is considerably better than the "$15K per year" I was told
earlier, it's still an astounding amount to pay for insurance, IMHO. And it
sounds like Cirrus owners will be looking at some pretty big increases.

Actually there have not been any crashes lately and some people are
reporting that their rates have gone down. I have 400 hours and I am
paying $6,000 per year.

"ArtP" wrote in message
...
On Fri, 12 Dec 2003 19:55:13 GMT, "Jay Honeck"
wrote:


While this is considerably better than the "$15K per year" I was told
earlier, it's still an astounding amount to pay for insurance, IMHO. And
it
sounds like Cirrus owners will be looking at some pretty big increases.

Actually there have not been any crashes lately and some people are
reporting that their rates have gone down. I have 400 hours and I am
paying $6,000 per year.

Insurance actuaries do not base their rates on "lately".

On Fri, 12 Dec 2003 17:41:57 -0700, "Tom" wrote:

..
Insurance actuaries do not base their rates on "lately".

They doubled in one year because there were a lot of accidents
"lately". When you have a new model plane, "lately" is all there is.

"ArtP" wrote in message
...
On Fri, 12 Dec 2003 17:41:57 -0700, "Tom" wrote:

.
Insurance actuaries do not base their rates on "lately".

They doubled in one year because there were a lot of accidents
"lately". When you have a new model plane, "lately" is all there is.


Correct: I should have said "reduce", not "base". Once a pattern is in, I'd
say it's going to take a long time for it to be reversed. OTOH, a series of
crashes, a new model or not, is likely to kick the rate up into the attic.

On Fri, 12 Dec 2003 17:41:57 -0700, "Tom" wrote:


"ArtP" wrote in message
.. .
On Fri, 12 Dec 2003 19:55:13 GMT, "Jay Honeck"
wrote:


While this is considerably better than the "$15K per year" I was told
earlier, it's still an astounding amount to pay for insurance, IMHO. And
it
sounds like Cirrus owners will be looking at some pretty big increases.

Actually there have not been any crashes lately and some people are
reporting that their rates have gone down. I have 400 hours and I am
paying $6,000 per year.


That is about what you could expect in a really high performance home
built/retract. (when you could find insurrance and have over 600
retract time)

Roger Halstead (K8RI & ARRL life member)
(N833R, S# CD-2 Worlds oldest Debonair?)
www.rogerhalstead.com
Return address modified due to dumb virus checkers
Insurance actuaries do not base their rates on "lately".

"Roger Halstead" wrote in message
...
On Fri, 12 Dec 2003 17:41:57 -0700, "Tom" wrote:


"ArtP" wrote in message
.. .
On Fri, 12 Dec 2003 19:55:13 GMT, "Jay Honeck"
wrote:


While this is considerably better than the "$15K per year" I was told
earlier, it's still an astounding amount to pay for insurance, IMHO.
And
it
sounds like Cirrus owners will be looking at some pretty big
increases.

Actually there have not been any crashes lately and some people are
reporting that their rates have gone down. I have 400 hours and I am
paying $6,000 per year.


That is about what you could expect in a really high performance home
built/retract. (when you could find insurrance and have over 600
retract time)

Roger, would you please exercise some caution in snipping previous
statements? The part you left in was "ArtP", not me. I want nothing to do
with a Cirrus.

Tom
---
F33A @ 00V

On Sun, 14 Dec 2003 09:33:18 -0700, "Tom Sixkiller"
wrote:



Roger, would you please exercise some caution in snipping previous
statements? The part you left in was "ArtP", not me. I want nothing to do
with a Cirrus.

Me neither, but when I snip I leave the top sig which should be the
last person to post. Sorry.

Roger Halstead (K8RI & ARRL life member)
(N833R, S# CD-2 Worlds oldest Debonair?)
www.rogerhalstead.com
Return address modified due to dumb virus checkers

Tom
---
F33A @ 00V

On 12-Dec-2003, ArtP wrote:

Actually there have not been any [Cirrus] crashes lately and some people
are
reporting that their rates have gone down. I have 400 hours and I am
paying $6,000 per year.


Art,

Are you instrument rated? If not, have you asked your broker how much less
your insurance would be if you were IR?

--
-Elliott Drucker

On Sat, 13 Dec 2003 01:48:51 GMT, wrote:

..
Are you instrument rated? If not, have you asked your broker how much less
your insurance would be if you were IR?

I am instrument rated and commercial.