EXP insurance

Let'sgoflying!

Let'sgoflying!

Touchdown! Greaser!
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Dave Taylor
Is it as readily available as cert a/c? Only provided by a few companies?
Onerous requirements to be eligible?
Double/triple premiums?
I'd want liability plus some hull.
 
Very available. Check on VAF and you'll see some good companies that are advertisers there.
 
Not as widely available as certified but plenty out there. Avemco wouldn't insure me but I went with a local company that other EAB guys were using.

My premiums with the Glasair went up about 25 % over my Grumman.

Some want 10 hrs in type. Mine required me to attend the Velocity training course.

I had liability and hull for the first year, then they raised my premiums, so I went with just liability.
 
I paid about the same for my RV-4 as I did my Swift. They were only slightly more than my J-3.
 
Avemco insures my experimental, no problem. I only have liability but hull is available. Price is reasonable. They didn't require time in type (it's a single seater, after all), just a "verbal briefing" from the previous owner.
 
At my last renewal, I had quotes from a half dozen underwriters. All were reasonably close in premium.

As a data point, I pay just under $900/yr for my hangared RV-6. I claim a hull value in the mid-$50k range, 1,000 hours on the airframe and engine, and about 1,400 hours for the pilot.
 
Depends on the type. Some are readily insurable with reasonable rates and requirements while others are not. I have read that for the Lancair IVPT and the Evolution there is currently only 1 insurer willing to write policies for those models. The requirements include 50 hours dual, annual Lancair recurrency training done by an approved provider list, and prohibitively expensive rates on top of that.
 
FORANE said:
Depends on the type. Some are readily insurable with reasonable rates and requirements while others are not. I have read that for the Lancair IVPT and the Evolution there is currently only 1 insurer willing to write policies for those models. The requirements include 50 hours dual, annual Lancair recurrency training done by an approved provider list, and prohibitively expensive rates on top of that.
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Even the non-turbine IVPs can be hard to insure. A local guy owned one for several years and toward the end they just started self insuring due to the insurance headaches. When they were insuring it they had to do annual recurrent training (which was a pain, finding a qualified instructor out here in BFE isn't easy) and I recall the premium being really high, especially when you consider both named insured pilots have several thousand hours each and a few hundred hours time in type. It finally got sold to be rid of the headaches.

At the other end of the spectrum are things like the Vans RVs and experimental Cubs. I haven't gotten a quote for one of those but I can't imagine they are too hard or expensive to insure something like that.
 
Let'sgoflying! said:
I was wondering about the Questair Venture, discussed in another thread.
Difficult to insure? I need to ask @Grum.Man about this, too.
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Yes the Questair is difficult. There were a handful of companies that would insure it but wanted ridiculous premiums. Most would do liability but not full coverage. It's getting better now as their accident rate has fallen off drastically since all the improvements have come out. My insurance company was pretty reasonable and wanted 15 hours of dual. I didn't think that was out of the question considering I only had 180 hours and no HP or complex time. The hard part was finding an instructor with Venture time as there was only two in the country.
 
Grum.Man. Might be a topic for a new thread, but weren't most of the accidents related to landing gear and shock problems.
 
kyleb said:
Grum.Man. Might be a topic for a new thread, but weren't most of the accidents related to landing gear and shock problems.
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I'll comment but let's start another thread if you want to elaborate. Majority of the problems were related to the steering and brake system. It was designed so that you could brake, or you could steer. If you tried to do both you got neither. The condition was exaggerate by an improper air/oil ratio in the struts which would cause the airplane to oscillate if you landed crooked. Both of those issues have been corrected on pretty much the entire fleet.
 
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I'm a fan of Bill White Insurance in Corona, CA.

They have served many of us well, and over on the backcountry board as well. Insurancebwi.com

Tell 'em N9NA sent ya


Sent from my iPhone using Tapatalk
 
My broker just checked all their sources, listed many companies - none would insure a Lancair IV. (plain IV, not talking about IVP or IVPT)
 
Let'sgoflying! said:
My broker just checked all their sources, listed many companies - none would insure a Lancair IV. (plain IV, not talking about IVP or IVPT)
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Call Michelle or Jenny at Gallagher insurance.
 
EAA member? Their referral from their insurance program got me the best price and the fewest restrictions of all my E-AB inquiries.
 
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