Insurance broker recommendations?

[bluesideup]

Hi everyone.
Any one had some recent quotes for an acft in the range of over 100k?
I've read all / most of the posts here and could not find anything specific. I called some and they all want all the personal details and I was told that it would be better if you can get an approximate quote, with just general information, but you may be in some way locked otherwise?
The idea is that they will share all the information, and they will quote / know about the quote if you do give them all the details first and in some way get restricted / similar quotes?
Thank you everyone.

 

[Anthem]

the value doesnt matter at this point. Its all a combination of aircraft value, your experience, etc. 100K plane that is a clapped out old twin that you have a fresh mutli is way different than a 100K 172 and you have 2000 hours of time. So without way more information on your part - their is no way any one can give you a quote.

As for brokers - you're taking it way too far. You're near the bottom of the barrel in terms of pricing. There isnt going to be much differences. The underwriters dont want to quote the same tail number to 6 different brokers as you're trying to shop around. So they'll only quote it once, and since most decent brokers will send it out to the corresponding companies that they think will quote - that will lock them in as the first broker. But seriously - you're way overthinking it. Find the plane you want, give them an example plane with your experience and quote it out. There just isnt much room at 100K plane value that the quotes will pretty much all come in about equal.

 

[robin ardoin]

Like @Anthem said. Determine the make/model of aircraft you are likely to buy. Find a tail number on Controller/TAP of that M/M and use it, and the value for the insurer to quote. That will only 'lock you in' on that particular plane but will give you an idea. I did the same when considering a C210 and got a quote in a couple of days. The agent knew that I was only using that tail number for a quote to get a close idea of what my premium would look like.

 

[bluesideup]

Hi.
OK, I think that your idea with a similar acft will work. I typically shy away from telling them something that is not real but I think that if I make sure that they know it, it's OK?
The plane is 2014 and fairly good condition, I just assumed that the 100K was the important item to begin with.
Thank you.

 

[robin ardoin]

Hi.
OK, I think that your idea with a similar acft will work. I typically shy away from telling them something that is not real but I think that if I make sure that they know it, it's OK?
The plane is 2014 and fairly good condition, I just assumed that the 100K was the important item to begin with.
Thank you.

Yes, they are fine with giving an N number that is representative. Your agent knows that you need to determine insurability in make/model before you actually enter into a purchase agreement. I’ve done it for the 4 different models I have considered since I first entertained buying a plane.

 

[bluesideup]

Hi everyone.
It looks like the only one, that I could get a hold of at least, that will issue a policy is Avemco, at about 3x the cost from a couple of years ago for the same MM.
Thank you all.

 

[MIFlyer]

Hi everyone.
It looks like the only one, that I could get a hold of at least, that will issue a policy is Avemco, at about 3x the cost from a couple of years ago for the same MM.
Thank you all.

Fly a hundred hours with them, updating experience quarterly, then shop after the first year. It’s what I’ll do


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[Rcmutz]

Yes, they are fine with giving an N number that is representative. Your agent knows that you need to determine insurability in make/model before you actually enter into a purchase agreement. I’ve done it for the 4 different models I have considered since I first entertained buying a plane.

I have gotten general quotes without an n number. Just let them know you are shopping and don’t have a plane in the pipeline as it were.