No Insurance after 90

[Wolfgang]

Gallagher who has been getting my insurance for my RV-12 gave me a quote for the coming year with the note that next year they would only insure me for flight if I had another qualified pilot in the plane...no more solo. Global was the insurance company.

I am thinking of a sacrifice sale of the plane, my hangar, and all the other things you gather after flying for years. I feel as if I was hit a fatal blow. My
RV-12 has 350 hours on 912ULS, auto pilot, ADSB in, wheel pants, a few other extras. it was an early RV-12, serial 120185.

What would you do?

[swjohnsey]

I would fly without insurance.

[dreed]

yup, fly without. My grandfather probably didn't have it for the last 10+ years of his flying days.

Don' let that stop you- do what you love. I hope I am still flying in another 40+ years.

[snopercod]

Originally Posted by Wolfgang

What would you do?

I'd probably cry, then put the plane up for sale. I'm 73 and with Global, and I'm dreading what they're going to do to me later this year. I may well get priced out of the insurance market altogether. I have a hangar with Signature and they DEMAND that I carry a million in liability insurance. I'm not sure what they'll do if I just go without insurance. Evict me, I assume...

P.S. Congratulations on still flying at 89 y.o.!

[Ironflight]

Find a young pilot who needs a mentor - someone that could use the benefit of decades of flying experience. Fly with him and let him (or her) pay what they can pay to build time while keeping you in the air. Keep the plane, the hangar, and all the stuff - put a couch and comfy chair in the hangar, along with a fridge and coffee maker. Make your place the place to hang out and let the next generation grow into aviation!

Just a thought....

Paul

[jrtens]

Go to the local flight school and advertise free flying - you should get some takers!

[TimO]

Snopercod,
Do they demand liability for in-flight also? I'm thinking if it's because you're in their hangar, maybe a not-in flight, or just in-motion on the ground policy may be acceptable?

People tend to forget that you don't necessarily have to insure your plane for both in flight and not in flight. Perhaps when someone gets to whatever age causes them the issue, they could just drop in-flight coverage.

But, I also agree with those who said fly without insurance. My flying years will end because I'm physically unsafe to fly, not because some actuary tells me that my number is too high. And my time may come before or after the time that the bean counter determines it has come.

[Mich48041]

Have you asked the insurance company about liability only insurance?
The insurance company might consider that because the chances of hurting
someone on the ground are a whole lot less than if a person is in the plane.
If the insurance company says no to liability only, then I would fly without insurance.

[Larco]

Originally Posted by snopercod

I'd probably cry, then put the plane up for sale. I'm 73 and with Global, and I'm dreading what they're going to do to me later this year. I may well get priced out of the insurance market altogether. I have a hangar with Signature and they DEMAND that I carry a million in liability insurance. I'm not sure what they'll do if I just go without insurance. Evict me, I assume...

P.S. Congratulations on still flying at 89 y.o.!

A little encouragement. Just turned 79 and Global didn't hesitate to renew coverage this year on our 7 meeting your coverage requirements. After talking with Gallagher I'm not concerned about coverage for a few more years. :-) I have heard it's best to not change companies as we get older?

[Pilot135pd]

To all those saying just fly without insurance, remember that as easy as that sounds not everybody is in the same financial situation here. I know most pilots that flew with me for a living worked paycheck to paycheck and hardly owned anything worth losing (their big houses and fancy cars were all owned by the bank) but I wouldn't fly without at least liability because I don't want to lose the assets I've worked my A$$ off to accumulate.

My plan when it comes time that I can't get at least liability to protect my assets is be a mentor to another pilot. Maybe then I put it into an LLC and insure that pilot only. If at that point I can't afford to still pay for everything then I'll find someone responsible and let them pay for the insurance and feel like it's theirs but they always fly with me. They'll fly without having to buy a plane so it'll be way cheaper than owning or renting themselves but they'll have access to a good well maintained plane and can build hours cheaper. Maybe later that person earns my trust and I let them fly it alone sometimes too once in a while.