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Thread: Is 70 too old?

  1. #1
    Eddie Foy's Avatar
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    Is 70 too old?

    I learned today that a lot of insurance companies don't want to insure anyone over 69. Has anyone else heard this?
    "Put out my hand and touched the face of God!"

  2. #2

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    if they are pilots and over 69 none of them have 'heard' much of anything for years....
    Staying alive in an airplane has a lot more to do with mastering ourselves than mastering the aircraft.

  3. #3
    Eddie Foy's Avatar
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    Don't quit your day job!

    Quote Originally Posted by MT12 View Post
    if they are pilots and over 69 none of them have 'heard' much of anything for years....
    "Put out my hand and touched the face of God!"

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    cubdriver2's Avatar
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    Eddie, remember what George Burns said " your only as old as you look "

    Glenn
    "Optimism is going after Moby Dick in a rowboat and taking the tartar sauce with you!"
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    Richgj3's Avatar
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    Some insurance companies want an annual medical if you’re over 70. Some will waive that for a higher premium. Some, like mine, are happy to insure me and my Bonanza when I am 73 and flying on Basic med. When I had the Legend cub I had Falcon and they had no special requirement for people over 70.

    Shop around.
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  6. #6
    Eddie Foy's Avatar
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    Falcon is an agency. They only put you with a company. I am 70 and with Old Republic. I was told today by a different broker that they don't write new policys for 69 and older. Old Republic just offered me a renewal at a good price, though.

    I am shopping. That is how I learned of this situation.

    Quote Originally Posted by Richgj3 View Post
    Some insurance companies want an annual medical if you’re over 70. Some will waive that for a higher premium. Some, like mine, are happy to insure me and my Bonanza when I am 73 and flying on Basic med. When I had the Legend cub I had Falcon and they had no special requirement for people over 70.

    Shop around.
    "Put out my hand and touched the face of God!"

  7. #7
    Richgj3's Avatar
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    Quote Originally Posted by Eddie Foy View Post
    Falcon is an agency. They only put you with a company. I am 70 and with Old Republic. I was told today by a different broker that they don't write new policys for 69 and older. Old Republic just offered me a renewal at a good price, though.

    I am shopping. That is how I learned of this situation.
    Sorry, I misunderstood the question. I am also with an agency. As far as I am concerned, as long as they get me coverage at a fair price, I’m happy. I have not used an insurance company without going through a broker for a very long time.

    Glad you got an acceptable deal. Before this I had not heard of a company refusing to write coverage based solely on age. I had heard of several cases where additional requirements were added, like the annual medical or a premium bump.

    Rich
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    FdxLou's Avatar
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    Quote Originally Posted by Eddie Foy View Post
    Falcon is an agency. They only put you with a company. I am 70 and with Old Republic. I was told today by a different broker that they don't write new policys for 69 and older. Old Republic just offered me a renewal at a good price, though.

    I am shopping. That is how I learned of this situation.
    Eddie

    When my father turned 80 I started getting pushback from my insurance company on the Cub and 180. They continued to write him though until he voluntarily hung up his goggles at 89.
    We should all be so lucky! His secret, If he had one, was he continued to hold a First Class Medical until he was 89!

    Lou
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    I am almost 78. Avemco wants me back! My rates have not changed much in a very long time. I expect that to change when I turn 80. My insurance wants a third class each year, but in the fine print it says that Sport or BasicMed will do. Check your fine print.
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  10. #10
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    72 flying a Spezio and light 1-place Acroduster 2 LSA w/o med. with Falcon no issue yet.
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  11. #11
    Eddie Foy's Avatar
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    No one has asked me what class of Medical I hold.


    Quote Originally Posted by FdxLou View Post
    Eddie

    When my father turned 80 I started getting pushback from my insurance company on the Cub and 180. They continued to write him though until he voluntarily hung up his goggles at 89.
    We should all be so lucky! His secret, If he had one, was he continued to hold a First Class Medical until he was 89!

    Lou
    "Put out my hand and touched the face of God!"

  12. #12
    Eddie Foy's Avatar
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    Who are you with?


    Quote Originally Posted by bob turner View Post
    I am almost 78. Avemco wants me back! My rates have not changed much in a very long time. I expect that to change when I turn 80. My insurance wants a third class each year, but in the fine print it says that Sport or BasicMed will do. Check your fine print.
    "Put out my hand and touched the face of God!"

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    Quote Originally Posted by cubdriver2 View Post
    Eddie, remember what George Burns said " your only as old as you look "

    Glenn
    Maybe he meant... "You're only as old as who you are looking at."

    https://www.youtube.com/watch?v=86hv7jS2UaE
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  14. #14
    SJ's Avatar
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    Quote Originally Posted by Eddie Foy View Post
    I learned today that a lot of insurance companies don't want to insure anyone over 69. Has anyone else heard this?
    My newest flying student is getting his license for the first time at 73. The club he joined had no problem with it. I used to fly with a 78 year old neighbor of mine - he had HUGE liability limits so they made him get a medical every year and do a mini-flight training refresher every year.

    sj
    "Often Mistaken, but Never in Doubt"
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    Quote Originally Posted by Eddie Foy View Post
    No one has asked me what class of Medical I hold.
    In my experience they usually want to know:
    class & date of last medical
    date of last flight review
    accidents or violations / enforcement actions
    flight time, including hours flown in the last 12 months
    Cessna Skywagon-- accept no substitute!
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  16. #16
    Eddie Foy's Avatar
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    Old Republic asked for all that except class of medical.


    Quote Originally Posted by hotrod180 View Post
    In my experience they usually want to know:
    class & date of last medical
    date of last flight review
    accidents or violations / enforcement actions
    flight time, including hours flown in the last 12 months
    "Put out my hand and touched the face of God!"

  17. #17
    RatCub Redux FrankO's Avatar
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    Quote Originally Posted by Eddie Foy View Post
    I learned today that a lot of insurance companies don't want to insure anyone over 69. Has anyone else heard this?
    Learned how?


    Sent from my iPhone using SuperCub.Org mobile app

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    Eddie - Southwest Aviation in Phoenix is my broker. They save me roughly $600/year on my personal airplanes. The underwriter this year seems to be a Japanese company, and I really pay attention to the fine print. It is usually AIG.

    The Stearman partners are back to Avemco. Their rates may be competitive now. They were always quick to answer all my questions. I have never had a claim.

  19. #19
    Eddie Foy's Avatar
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    Avemco sent me a quote that was ridiculous. Did get a free hat though. Nice hat. Falcon has my renewal out for bids but I will probably stick with Old Republic. I did send them an email about insuring over 70 but they haven't replied.
    "Put out my hand and touched the face of God!"

  20. #20
    Eddie Foy's Avatar
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    Stated to me by another Broker.


    Quote Originally Posted by FrankO View Post
    Learned how?


    Sent from my iPhone using SuperCub.Org mobile app
    "Put out my hand and touched the face of God!"
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    Click image for larger version. 

Name:	shaking hand.JPG 
Views:	82 
Size:	69.0 KB 
ID:	41126 I`ll be 86 in a few months and have just renewed with AVEMCO with no restrictions---3rd class med---they know I fly formation regularly and "play" with cubs----Capt Cub


    "You cannot teach experience, you must acquire it."
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  22. #22
    Steve Pierce's Avatar
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    My Dad is 80 and his insurance went up quite a bit this year. When he pushed back they finally admitted it was because of his age. He switched back to Avemco for a better deal.
    Steve Pierce

    Everybody is ignorant, only on different subjects.
    Will Rogers
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  23. #23
    cubdriver2's Avatar
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    Quote Originally Posted by yellowbird69 View Post
    Click image for larger version. 

Name:	shaking hand.JPG 
Views:	82 
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ID:	41126 I`ll be 86 in a few months and have just renewed with AVEMCO with no restrictions---3rd class med---they know I fly formation regularly and "play" with cubs----Capt Cub

    You don't count, your parents were on a camping trip in Maine and ate some wildass Ginseng before you were concieved that night

    Glenn
    "Optimism is going after Moby Dick in a rowboat and taking the tartar sauce with you!"
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    I'm 82 and with Bill White, no problem. Rates seem reasonable
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  25. #25
    Eddie Foy's Avatar
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    Just got a quote from Avemco that is twice what Old Republic offered for the same coverage! WTF!!
    "Put out my hand and touched the face of God!"

  26. #26
    Farmboy's Avatar
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    Quote Originally Posted by yellowbird69 View Post
    Click image for larger version. 

Name:	shaking hand.JPG 
Views:	82 
Size:	69.0 KB 
ID:	41126 I`ll be 86 in a few months and have just renewed with AVEMCO with no restrictions---3rd class med---they know I fly formation regularly and "play" with cubs----Capt Cub
    BaHahahaha hah! John, they have _no_ idea!!



    Transmitted from my FlightPhone
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  27. #27
    mvivion's Avatar
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    Quote Originally Posted by Eddie Foy View Post
    Just got a quote from Avemco that is twice what Old Republic offered for the same coverage! WTF!!
    Maybe they know you?

    Sorry, too easy to pass up.

    MTV
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  28. #28

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    Quote Originally Posted by Eddie Foy View Post
    Just got a quote from Avemco that is twice what Old Republic offered for the same coverage! WTF!!
    Eddie, are you going direct or web for quotes or through an agent?
    Remember, These are the Good old Days!

  29. #29
    Eddie Foy's Avatar
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    My agency is Falcon. They put me with Old Republic. My renewal is in March. Falcon will put it out for bids soon, but Old Republic sent me a renewal quote directly. I asked Avemco directly online. Avemco is on drugs!

    Quote Originally Posted by OLDCROWE View Post
    Eddie, are you going direct or web for quotes or through an agent?
    "Put out my hand and touched the face of God!"

  30. #30
    Eddie Foy's Avatar
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    The only thing clear is that Avemco is out of line. Only jettisoned one plane in my career. I gave it back to the taxpayers.

    Quote Originally Posted by mvivion View Post
    Maybe they know you?

    Sorry, too easy to pass up.

    MTV
    "Put out my hand and touched the face of God!"

  31. #31
    mvivion's Avatar
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    Quote Originally Posted by Eddie Foy View Post
    The only thing clear is that Avemco is out of line. Only jettisoned one plane in my career. I gave it back to the taxpayers.
    I've insured with them since I've been in the Lower 48, and their rates have been competitive. And, yes, I've checked.

    That said, sometimes it seems like there's some use of a crystal ball and potions involved in determining rates. I've talked to others who've gotten high quotes, that seem out of line.

    Of course, the other side of that coin is that you never really know how good a deal you got till you break something.

    MTV
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  32. #32

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    I just renewed the Cub last month via Falcon and Avemco was the best quote and 6 years ago when I went out of my way to keep Pierce employed they wouldn't quote me. This year was up about 3% over the previous year, and it was down that time from the previous year. With Falcon the sooner you get your questioner filled out and back to them the more options they can present, I always ask to see the results of all quotes.
    Remember, These are the Good old Days!

  33. #33

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    So true. It is amazing how some crow about their great insurance rates without reading their policies. In some cases, off airport, etc. may not be covered. That wouldn't work well for many of us on this forum.

    Eddie, did you try BWI? They seem like straight shooters and might be able to give you both insight and a decent rate + policy.
    J

    Quote Originally Posted by mvivion View Post

    Of course, the other side of that coin is that you never really know how good a deal you got till you break something.

    MTV

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