I always wondered who was insuring the Wright brothers, Curtis, Lindberg, Wiley Post, etc.

Society wasn't so litigious back then.

Insurance
 

Probably going against the grain a bit, but I'm always surprised how cheap insurance is. When I do the math, I'm struggling to see how it works. If you insure a group of 1000 pilots for 1000 per year, that's a million of revenue. One injury accident will take all that and more. I guess they know what they are doing, but insurance does seem like good value (if you can get it).

I read a lot of NTSB reports, and there does not seem to be a lot of data there pointing to old pilots falling out of the sky. From time to time you see one where you might suspect a medical issue or some other age related factor. I'm not an actuary, nor have I played one on TV, so there are probably good (financial) reasons for insurance companies to have a cutoff date.

Good one...

If I'm 90 and still flying, and my insurance carrier drops me, I'm thinking liability is covered by transferring all my assets to my kids ahead of my death, and go flying anyway. Hard to sue an estate that has nothing much in it.

I tend to agree with rv8ch I'm nowhere near flying yet, but when I was doing my due diligence for the RV7 vs. RV7A decision, I got a quote for the RV7 that was $1,800 per year with zero deductible for $100,000 all risk hull insurance and $1,000,000 liability.

I know it's apples to oranges, but if I extrapolate based on what I pay for my other vehicles, it should be double or triple that...

Getting back to the original post, I've got to say I would (will) be devastated when it finally comes time to hang it up, whatever the reason. I'd think long and hard about trying to find a kid who wanted to fly with me to build time before I gave it up.

I wonder if the "average" insurance claim becomes an NTSB report? I'd think not

You will probably find that some humdrum Cessna 172 or Piper Cherokee is a lot easier to insure than LSA. Many more underwriters are in the game.

There are now laws in some states that will bring that money back to your estate (last I read it was 5 years look back) and if the person you "gave it to" spent it then they get charged with fraud. You're not the first to think of that.

No insurance after 90
 

I took a coffee break this morning and sat outside, leaning against the hangar.
A pickup drove by and stopped...within 20 minutes I had a verbal commitment to purchase the plane, the hangar and ALL its contents.

We sign the paper work today at 4PM

A quick clean break is probably the best re impact on my mental health and outlook. Its like removing a Band Aid, a quick pull is less painful
than a slow one.

I leave aviation that I began in 1948...oh well, everything ends, you and me
also.

Good luck to all....Wolfgang