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05-06-2007, 09:44 AM
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Join Date: Feb 2005
Location: Wisconsin
Posts: 612
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But watch the requirements
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Originally Posted by ScottSchmidt
<snip>...Most insurance companies are requiring that now. My insurance required 10 hours in an RV-10 before I would be insured and I really wanted to do the first flight so I went up and flew with Mike Seager for 4 days. That was the best money I have ever spent on this project. Have a blast!
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You will want to proceed carefully with insurance if you're a really low-time pilot. You really should try to get up to the 200 hour mark if possible before trying to insure your plane. At least one currently flying RV-10 pilot had his insurance company require 200 hours and an instrument rating to be insurable. (This is in addition to the normal requirement of anywhere from 2 to 10 hours in an RV-10 that most companies require.) I don't believe that in every single case this will be true, but the trend is leaning towards hours of that amount or greater, and instrument ratings are becoming more and more commonly required...or in the more relaxed case, they're the only way to the better rates.
Don't want to bring the hopes down, but people looking at the -10 should be aware that time and rating requirements may prevent them from flying their -10 alone for a while, so you're best getting those things out of the way before you finish the kit.
Tim
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06-05-2007, 12:49 PM
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Join Date: Dec 2006
Location: Highland Village, TX
Posts: 71
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What about partnerships
I'm go down the partnership path, I have 2000 hrs of military time, he's just learing to fly?
I'm sure I'm not the first guy with this question...
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N872P (Reserved) VAF#771
RV-8 Tail Kit
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06-05-2007, 01:36 PM
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Join Date: Oct 2006
Location: Long Island
Posts: 54
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Quote:
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Originally Posted by Hostage46
I'm go down the partnership path, I have 2000 hrs of military time, he's just learing to fly?
I'm sure I'm not the first guy with this question...
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On my flying RV-6A, insurance is based upon the least qualified pilot, period. I'm mid-time (4000 hrs). It didn't cost a dime to add a 20,000 hr pilot. When I added a 200 hrs pilot, with 100+ in type, the cost skyrocketed. The insurance company did not care if that pilot was only going to make one flight a year. I inquired about me being PIC from the right seat. The aircraft has dual controls. They said OK, as long as it was solo. If someone sat in the left seat, they better be on the policy, or the flight will not be covered by the insurance.
Before anyone starts screaming about the FAA's position on PIC. The insurance companies have their own rules and they may be more restrictive than the FARs.
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06-05-2007, 02:32 PM
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Join Date: Jan 2006
Location: Naperville, Illinois
Posts: 102
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I am a 2000 hr pilot, instrument rated, 1000 hr complex, and I was quoted $2900 by EAA with 150K hull value, and an Eggenfellner Subaru E-6T engine.
5 hr transition in RV-10 required.
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Steve Mills
40486 RV-10 N828SM (reserved)
Naperville Illinois
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06-06-2007, 12:31 AM
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Join Date: May 2007
Location: SoCal
Posts: 12
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Quote:
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Originally Posted by Steve Mills
I am a 2000 hr pilot, instrument rated, 1000 hr complex, and I was quoted $2900 by EAA with 150K hull value, and an Eggenfellner Subaru E-6T engine.
5 hr transition in RV-10 required.
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Just a question for reference.... Do you know what the xtra premium is, if any, for the Subaru engine? What would the same quote be with a lyc 540?
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06-08-2007, 10:33 AM
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Join Date: Jan 2006
Location: Naperville, Illinois
Posts: 102
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The insurance agent I talked to at SnF said the insurance premiun was the same for the Egg or Lycosaur. Also, on the engine site ( www.eggenfellneraircraft.com) there is a letter from, I believe Avemco, saying essentially the same thing.
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Steve Mills
40486 RV-10 N828SM (reserved)
Naperville Illinois
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06-15-2007, 11:35 PM
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Join Date: Jul 2006
Location: Fresno Ca E79
Posts: 20
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Insurance
I am paying $2660 for ins on RV10 with no requirements. Have 1000 hrs with comm and inst. Its with AIG
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06-18-2007, 02:16 PM
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Join Date: Feb 2006
Posts: 63
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they don't advise you to under insure your property, but i do. here's what i got for quotes. all of these are on 150,000 hull. jim pappas- 3104. nation air insurance- 3128 in flight, 1560 grnd only, 758 liability only. avemco- 6003 in flight, 2929- ground, 414 liability. just remember, if you under insure it and crash..........grab the instrument panel on your way out, hehe ;-) jeff ps- this was with 75 hrs in a rv10.
Last edited by Jeffreymd : 06-18-2007 at 02:17 PM.
Reason: addition
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