[f-AA] ####Insurance

[Roger Anderson]

Interesting article in AVWeb today about aviation insurance.   Apparently, age 70 for most companies and age 65 for some, is the magic age where you may not be able to get insurance any more.   It emphasizes, don't start changing companies as you reach those ages or you may find you can't get any company to insure you.  And...I'm 71 this month...hummm.     I believe Tony M. had reported he couldn't get any insurance on his L16 after he let it drop for a while during a rebuild and he then wanted to return it to service.   roger

[Jerry Eichenberger]

Roger –My wife is an aviation insurance broker, and she says the exact same thing to her clients, which I have posted here at least half a dozen times over the years.

Pilots who jump from one company to another to save $50 a year in premium may well be sinking themselves in the long run.

Insurance companies generally appreciate loyalty, and will continue to cover someone as a renewal whom they would not take as new business.

Jerry E.

[Richard Murray]

Roger,

Thanks for the heads-up. Our local airport will not rent you a hanger without proof of insurance and without a policy you probably will not be able to get a premises rider.

Richard in OH insured for the time being.

On Fri, Jun 7, 2013 at 9:52 AM, Roger Anderson <11...@comcast.net> wrote:

Interesting article in AVWeb today about aviation insurance.   Apparently, age 70 for most companies and age 65 for some, is the magic age where you may not be able to get insurance any more.   It emphasizes, don't start changing companies as you reach those ages or you may find you can't get any company to insure you.  And...I'm 71 this month...hummm.     I believe Tony M. had reported he couldn't get any insurance on his L16 after he let it drop for a while during a rebuild and he then wanted to return it to service.   roger

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[Dan Vandermeer]

Jerry

Is the relationship between the company or the broker most important?  I have dealt with the same broker for a decade.  And each year I get 4-5 quotes from which to choose. My broker gives pros and cons of each and a recommendation. I am 72 and have had no issue with age yet. Am I on the right path or just lucky so far?

Dan 

Sent from my iPhone

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[Dale P. Jewett]

I have dealt with the same broker firm since 1980. Now at age 86, I am still able to get insurance, although it seems fairly expensive.

 

Dale Jewett

 

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[Dan Vandermeer]

Tony's issues were with coverage for instruction and a base with a very short and narrow runway. But he got coverage. He didn't make it easier for the broker as he was tight as a tick. 

Miss him tho

Dan

Sent from my iPhone

On Jun 7, 2013, at 9:52 AM, Roger Anderson <11...@comcast.net> wrote:

Interesting article in AVWeb today about aviation insurance.   Apparently, age 70 for most companies and age 65 for some, is the magic age where you may not be able to get insurance any more.   It emphasizes, don't start changing companies as you reach those ages or you may find you can't get any company to insure you.  And...I'm 71 this month...hummm.     I believe Tony M. had reported he couldn't get any insurance on his L16 after he let it drop for a while during a rebuild and he then wanted to return it to service.   roger

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[CaptG...@aol.com]

Regardless of age, ratings and flying time are factors.

 

=

[Jerry Eichenberger]

Dan –

Definitely the actual insurance company relationship is most important – your broker should tell you that.  It’s nice that he gives you the various quotes from which to choose, but at age 72 I would not switch except for some very compelling reason.

Jerry

 

From: aeronca...@westmont.edu [mailto:aeronca...@westmont.edu] On Behalf Of Dan Vandermeer
Sent: Friday, June 07, 2013 11:38 AM
To: aer...@westmont.edu
Subject: Re: [f-AA] ####Insurance

 

Jerry