Seems like an inadvertent advertisement for AVEMCO.
. I am willing to bet that tailwheel hull is going through the roof because of these new quarter-million dollar Cubs playing big props and long rocks.
Yep, just swapped a wing on an FX3, $40K repair. My labor was a very, very small percentage of the ticket. Key is going to be availability of repair parts and a network of qualified shops to do the work tour Crafters standards.A review of FX-3 accidents (and presumably insurance losses) will show that none fall into that category. They are almost all loss of control accidents on big paved runways. Most seem to involve pilots with low time in type and low tail wheel time.
Not really. It is spreading the cost of injury to a few folks over a very wide group. We could do the same thing by eliminating tort litigation and having the taxpayers pick up the tab for those injured souls (including property damage). But the current system is seen as making folks slightly more careful when operating machinery around others.
Hull is a different story - nobody is forced to buy hull. I am willing to bet that tailwheel hull is going through the roof because of these new quarter-million dollar Cubs playing big props and long rocks.
My -18 renewal at 76 was 1750 for 80K. This is with Global. Avemco was 100 bucks less but their liability was less also.
Avemco said price increases are at 71, 76, and 81.
Wasn't that long ago it was at 1200.
Well, when I hit 71, AVEMCO decreased my rate by $50.
MTV
I will give you $80K for it, can be there with the $ next week.My -18 renewal at 76 was 1750 for 80K. This is with Global. Avemco was 100 bucks less but their liability was less also.
Avemco said price increases are at 71, 76, and 81.
Wasn't that long ago it was at 1200.
Yeah, but I'm not Mike Vivion from Bozeman, MT
Everyone seems to complain about the cost and sometimes requirement of liability.
Just a couple for instances- what happens if some day you are taxiing at Johnson Creek and you through a rod, which puts a hole in your oil pan and your oil drains out in front of the Forest Circus? You get the wrong ranger, and you will be paying for some environmental clean up.
Wind storm in Anchorage and the Valley last week, sounds like about fifteen planes destroyed, some of them broke loose and flew into other planes. You going to be that guy that damaged someone's plane and can not afford to repair it?
Maybe some can write a $200,000 check to cover such things, many of us can not. I am glad to have insurance, and the older I get the more important it is to me as I see the cost of just defending myself (if needed) continues to go beyond imagination.
The best part of the insurance is that they will hire attorneys for the first round of arguing.
I always wondered why in Alaska you’re required by law to have liability insurance to operate a car but there are no insurance requirements to operate at state airports. Having an uninsured plane upwind of me forces my hand to buy full hull coverage. That’s BS in my opinion. Now that I park in a hangar and operate on a private strip I’m considering dropping hull coverage.
For classic Cubs, this can be a real problem. Insurance company had to make an exception to insure my recently fully restored Cub for $90k (in 2009). It didn't matter what was in the Cub, they just had a limit based on its age.Don’t under insure your hull value!
If you build or buy a high performance experimental Cub you likely won’t find an insurer to cover investment cost or market value.
My -18 renewal at 76 was 1750 for 80K. This is with Global. Avemco was 100 bucks less but their liability was less also.
Avemco said price increases are at 71, 76, and 81.
Wasn't that long ago it was at 1200.
Only 76? You should run for president, you have my vote.
Wasn't that long ago that avemco screwed a lot of us by cancelling commercial ops policies. This would have been around the time when FBOs started disappearing... The next time you renew with them, ask them why they only help rich boys with toys and not the working class in ga.