MarkH
Line Up and Wait
I was looking at a Quasar ELSA that seemed like a perfect fit for my mission. Enough useful load for 2 people and an HKS700E that burns 2.4 gal/hour in cruise.
But, after requesting insurance quotes, I think I have to move on.
First, my broker could not find anyone to write the policy so she recommended Avemco, Avemco refused so they recommended EAA, the EAA quote came back at an exorbitant rate.
$5K/year for exactly the same coverage (at $35K hull) as I paid less than $1k/yr for my Yankee.
$2K/year liability only.
Would these rates realistically go down after logging some time? How far should I expect? I would like to own and fly an experimental, but the insurance rate (for full coverage) on this paid off LSA would be just as much as my annual loan payments were on my financed Yankee.
But, after requesting insurance quotes, I think I have to move on.
First, my broker could not find anyone to write the policy so she recommended Avemco, Avemco refused so they recommended EAA, the EAA quote came back at an exorbitant rate.
$5K/year for exactly the same coverage (at $35K hull) as I paid less than $1k/yr for my Yankee.
$2K/year liability only.
Would these rates realistically go down after logging some time? How far should I expect? I would like to own and fly an experimental, but the insurance rate (for full coverage) on this paid off LSA would be just as much as my annual loan payments were on my financed Yankee.