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  #11  
Old 05-06-2007, 09:44 AM
TimO TimO is offline
 
Join Date: Feb 2005
Location: Wisconsin
Posts: 612
Default But watch the requirements

Quote:
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!
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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RV-10 N104CD - Flying 2/2006 - 1400+ hours http://www.MyRV10.com
RV-14 N14YT - Flying 6/2016 - 350+ hours http://www.MyRV14.com
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  #12  
Old 06-05-2007, 12:49 PM
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Hostage46 Hostage46 is offline
 
Join Date: Dec 2006
Location: Highland Village, TX
Posts: 71
Default 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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RV-8 Tail Kit
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  #13  
Old 06-05-2007, 01:36 PM
scottg scottg is offline
 
Join Date: Oct 2006
Location: Long Island
Posts: 54
Default

Quote:
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...
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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  #14  
Old 06-05-2007, 02:32 PM
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Steve Mills Steve Mills is offline
 
Join Date: Jan 2006
Location: Naperville, Illinois
Posts: 102
Default

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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40486 RV-10 N828SM (reserved)
Naperville Illinois
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  #15  
Old 06-06-2007, 12:31 AM
PeteJE PeteJE is offline
 
Join Date: May 2007
Location: SoCal
Posts: 12
Default

Quote:
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.
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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  #16  
Old 06-08-2007, 10:33 AM
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Steve Mills Steve Mills is offline
 
Join Date: Jan 2006
Location: Naperville, Illinois
Posts: 102
Default

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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40486 RV-10 N828SM (reserved)
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  #17  
Old 06-15-2007, 11:35 PM
hyephil hyephil is offline
 
Join Date: Jul 2006
Location: Fresno Ca E79
Posts: 20
Default 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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  #18  
Old 06-18-2007, 02:16 PM
Jeffreymd Jeffreymd is offline
 
Join Date: Feb 2006
Posts: 63
Default

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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