Best insurance providers?

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Awoods

Filing Flight Plan
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Awoods
Hello!

My husband and I both have our PPL's and are working on getting our instrument ratings. We are starting to look at buying a plane and know insurance can play a big role in that. What companies do you recommend for low time pilots buying their first plane?

Thanks!
 
We used a broker. Ladd Gardner in Texas. They got us a policy thru Midwest.
 
Broker is the way. There are only a couple insurers that don’t sell through brokers (Avemco is one). But Ladd and his folks will find the best policy for you based on the airplane and your experience.
 
Can't say enough about Vickie Denueville at AIR-Pros. Excellent service, and will scour the market to get you fixed up.
 
Something like a trainer is very reasonable insurance wise.
 
A broker will compare various policy offerings from the companies and give you their best recommendation.
 
Clip4 said:
A broker will compare various policy offerings from the companies and give you their best recommendation.
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Thanks! Is there a broker you recommend or how do we find one?
 
INSURANCE COVERAGE CAUTION FOR PILOTS FLYING UNDER BASIC MED. My broker recommended Old Republic several years ago and I have insured my two airplanes with them for several years. I renewed my policy a couple weeks ago and this time around in the fine print Old Republic put in a restriction that I am only covered if I have a CFI or other qualified PPL pilot with a FAA Class III in the right seat - like I’m going to have another pilot baby sit me in the right seat. Student pilots signed off for solo fights don’t even have a restriction like that. I have been flying for many many years and have have a current PPL; NEVER had an incident/accident, claim, or the dreaded “I have a number for you to call” incident and I’m flying in and out of the DC SFRA very near P40 where there are many opportunities to screw up. I am current with all FAA PPL requirements. IF I HAD NOT NOTICED THE FINE PRINT A COUPLE DAYS AGO I WOULD BE FLYING UNINSURED! I had no idea Old Republic would pull crap like that. I elected to go with Basic Med since my Cherokees will not reach 18,000 ft, they only have 4 seats on a cold day, are only good for less than ~130 kts unless the nose is pointed down. Plus I got tired of the FAA Class III red tape and expense. My last FAA class III about 4 years ago had no restrictions. My health and great uncorrected eyesight have not changed since then so I’m confident I can easily pass a FAA Class III or Class II if I wanted but why should I? I’m ****ed Old Republic did not flag this restriction change to my policy to make sure I knew about it. My broker is currently looking for another insurance company that does not discriminate against Pilots flying under Basic Med. I suggest you think twice before using this company.
 
I am insured by Old Republic and I have verified basic med is acceptable.

There must be more to the story. Is age a factor?
 
Our Global Aerospace policy has no mention of the type of medical required, other than "currently valid certificate", which would obviously include a valid medical. We've been using Travers as our broker for nearly 20 years with solid service (no claims, thankfully).
 
Need to keep something in mind; you can get quotes from only one broker. A broker will go to all of the carriers to get a quote for you. All the carriers will keep a record of the quotes they gave for that tail number/pilot combo. If you go to another broker and he requests another set of quotes, the carriers will recognize that they already gave you a quote from the other broker. You either won't get a chance to get another round of quotes, and if you do they won't be any different than before.

I got a good deal from Assured Partners.
 
Avemco uses no broker, has great service, will insure people other underwriters won't and costs significantly more. I had my Hatz insured through Falcon, but they were unable to get me coverage for my (admittedly obscure) new plane, but Teri at Northwest came through and got me coverage. Flying as a Sport Pilot (no medical, plane is LSA) and a prior accident were no problem.
 
WDD said:
Need to keep something in mind; you can get quotes from only one broker. A broker will go to all of the carriers to get a quote for you. All the carriers will keep a record of the quotes they gave for that tail number/pilot combo. If you go to another broker and he requests another set of quotes, the carriers will recognize that they already gave you a quote from the other broker. You either won't get a chance to get another round of quotes, and if you do they won't be any different than before.

I got a good deal from Assured Partners.
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Not exactly.

Your broker may not ask for quotes from ALL companies for various reasons.

But, as I understand it, you are correct, once that N number is quoted by an underwriter, other quotes to other brokers will be the same
 
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