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-   -   How much are you paying for insurance on your TD? (https://vansairforce.net/community/showthread.php?t=23728)

Tram 11-19-2007 09:44 PM

I think last year we paid ~$1,200 dollars with a $65K hull value..

I am the low time guy on our plane hold a CFI, CFII, MEI with around 2,200 hours..
Pops is an ATP with 20K+ hours.. :)

yakdriver 11-19-2007 10:08 PM

Just got mine for my RV7 and it is $386 for liability and $2080 for $100,000 hull. This covers the first flight and test period also. 3 named pilots I am the low timer with 2500hrs 1600TW and around 100hrs in various RVs. Should go down to around $1800 next year. Don

Bubblehead 11-19-2007 10:12 PM

This is my first year with an RV-8. 900 TT 200+ tailwheel, $1975 on $85,000 hull value. I think I'll collect the numbers mentioned in the posts (without naming names) and call my agent again! I may be paying a little more than I should.

The only ins requirement is tailwheel endorsement and a checkout by a CFI. That took about 3 hours. (Thanks, DW!)

hyephil 11-19-2007 10:41 PM

My neighbor (RV6A) and myself (RV6) with both at 65k hull has always been within $20 prem per year. Renewals were about 4 months apart. This last year $1400. Requirement for tailwheel was 10hrs duel and 30 take-off & landing solo before passengers. That requirement was 8 yrs ago.

rickrv8 11-20-2007 06:57 AM

My costs have also been steadily decreasing. I am SEL with instrument. I have about 950 total time of which nearly 800 are in RVs (500 RV-6 & 300 RV-8). In May 06 my premium for $100k hull was $2100. My -8 had about 100 hours at the time. In May 07 my premium dropped to $1800. The -8 had probably about 180 hours (I know, I don't fly enough). My policy is with AIG through Nationair. I usually try to get a second quote but it always ends up that AIG underwrites the lowest and all the quotes are identical.

edbooth 11-20-2007 07:55 AM

insurance on taildragger
 
With about 3200 hours tailwheel time and 600 hours in type, full coverage on my RV-7 with 70K hull runs about 1500. (Have never had an incident or claim)

N941WR 11-20-2007 09:11 AM

Maybe Cam will speak up.

He would be a good one to answer this question since he changed his -9A to a -9. Same plane, same pilot, same insurance(?), should be a good number to see.

N908RV 11-20-2007 11:08 AM

Quote:

Originally Posted by lcnmrv8r (Post 172851)
Liability is liability say $300-400/year.

Hull. Do you have to insure the total value?

Here's what I mean. If you have a minor incident how much will it take to repair. Avionics should all still be ok,interior ok, engine accessories still good. Engine? So if you have to rebuild, what's the cost to rebuild? I know it doesn't include your time but if it's just about how much per year you'd be saving, could we be insuring our hulls at a lower rate?
for example. Your plane value is 75k. Insure the hull at 45k.

Just my thoughts. No flaming please.

I believe the problem with that is if the insurance company feels that it is a total loss (i.e. $45K in damage to repair) they will total the aircraft and keep it and sell all your goodies. You can get it back from them, but at that point you are one of the bidders to the airframe (anyone correct me if my assumption is incorrect here), so by devaluing it that much you might get the 45K check, but have to buy back your salvage rights to all the goodies - engine, prop, avionics, instruments, etc.

Also, lets say worse case scenario, you don't live through the accident and so whomever gets your estate now gets reimbursed only partially for the aircraft. For me that's a small bit if additional "life insurance" for my wife so that she gets the full value. I valued mine about 15 to 20K lower than it is probably worth in today's market, but I did value it enough so that I could get nearly all money back out of it in a total loss.


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