VansAirForceForums  
Home > VansAirForceForums

- POSTING RULES
- Donate yearly (please).
- Advertise in here!

- Today's Posts | Insert Pics


Go Back   VAF Forums > Model Specific > RV-10
Register FAQ Members List Calendar Today's Posts

Reply
 
Thread Tools Search this Thread Display Modes
  #1  
Old 02-16-2012, 07:30 AM
Pat Stewart Pat Stewart is offline
 
Join Date: Jan 2005
Location: Granbury Texas
Posts: 1,136
Default RV-10 Insurance

Just checking the market. I have a quote for $2400 for a hull value of 150K. Just curious what the market is and if there are better alternatives.


Pat
Reply With Quote
  #2  
Old 02-16-2012, 07:38 AM
JDanno JDanno is offline
 
Join Date: Apr 2008
Location: Tennessee
Posts: 440
Default

Mind telling us where and from whom you got that quote?? Sounds like a great price.
Reply With Quote
  #3  
Old 02-16-2012, 08:48 AM
Flying again!'s Avatar
Flying again! Flying again! is offline
 
Join Date: Aug 2011
Location: Keller, TX
Posts: 408
Default

I'll check when I get home, but I recall mine was ~$1900 for a hull value of $120K with expectations for it to go down significantly after the first year.

I will re-post when I get the info. It is through AOPA and the folks I worked with were very helpful in finding the right insurance for me....some insurance companies required 10 hours dual in an RV-10 and 10 hours solo before having pax!!

The company I ended up with just wanted a log book endorsement with no min number of hours etc. They also have been very helpful with clearing others to fly the a/c (CFIs etc.).
__________________
RV-10 N331JH 3rd owner (First flew in 2005, #15 flying)
Northwest Regional 52F
Reply With Quote
  #4  
Old 02-16-2012, 08:50 AM
rleffler's Avatar
rleffler rleffler is offline
 
Join Date: Jun 2006
Location: Delaware, OH (KDLZ)
Posts: 4,196
Default

Quote:
Originally Posted by Pat Stewart View Post
Just checking the market. I have a quote for $2400 for a hull value of 150K. Just curious what the market is and if there are better alternatives.


Pat
That's around what I got for 160k coverage. It beats the $3,500 I've been getting this past year.

Jdanno, email me and I can provide details.

bob
__________________
Bob Leffler
N410BL - RV10 Flying
http://mykitlog.com/rleffler
Reply With Quote
  #5  
Old 02-16-2012, 09:50 AM
Mike S's Avatar
Mike S Mike S is offline
Senior Curmudgeon
 
Join Date: Sep 2005
Location: Dayton Airpark, NV A34
Posts: 15,420
Default

Mine is in the same range, also insured for 150k

Skysmith did me the best for finding a good price, and they also covered me from first flight.

I would also recommend contacting Jenny Estes http://www.vansairforce.com/community/member.php?u=7968 at Nationair, she knows things RVish.

Good luck,
__________________
Mike Starkey
VAF 909

Rv-10, N210LM.

Flying as of 12/4/2010

Phase 1 done, 2/4/2011

Sold after 240+ wonderful hours of flight.

"Flying the airplane is more important than radioing your plight to a person on the ground incapable of understanding or doing anything about it."
Reply With Quote
  #6  
Old 02-16-2012, 09:51 AM
JDRhodes JDRhodes is offline
 
Join Date: Feb 2008
Location: Taylorsville, GA
Posts: 748
Default

You should never have A quote. Make your agent show you ALL the quotes. Then you'd know the whole story. Any info you get here is subject to details that you may not know.
__________________
Jeff Rhodes - Taylorsville, GA
RV-9, 7 - going fast
BC-12D - going slow
jrhodes@v1salesmgt.com
Reply With Quote
  #7  
Old 02-16-2012, 01:57 PM
BobTurner BobTurner is offline
 
Join Date: Dec 2011
Location: Livermore, CA
Posts: 6,797
Default

Folks,

To compare apples to apples you need to know (1) the coverages, and (2) pilot experience and ratings. That's what the insurance companies go on.

For example:

$140K hull, $1M/$100K liability.
Phase 1 coverage included.

Pilot: commercial, instrument, CFII, 2000+ TT, 1000+ CS ("high performance"), but at the time (Late last summer) just 20 hrs in RV-10.

Premium: $2.8K

I wonder if there is an age bias here, I'm 63. At some point the insurance companies get nervous about age.
Rates seem to be coming down with a 3rd company entering the market recently. I hope so. I'm considering offering RV-10 type specific training (I have the FAA approval) in the San Francisco Bay area. But I've been quoted an extra $1K for insurance, so I'm not sure this makes business sense.
Reply With Quote
  #8  
Old 09-04-2012, 11:58 AM
Flying again!'s Avatar
Flying again! Flying again! is offline
 
Join Date: Aug 2011
Location: Keller, TX
Posts: 408
Default Just Renewed My Insurance

Changed companies to Falcon since they gave the lowest qoute this year. I am underinsuring a little to reduce the cost some. For $120K hull insurance and $1M/$100K liability it is now $2231.
__________________
RV-10 N331JH 3rd owner (First flew in 2005, #15 flying)
Northwest Regional 52F

Last edited by Flying again! : 09-04-2012 at 11:58 AM. Reason: Typo
Reply With Quote
  #9  
Old 09-04-2012, 12:56 PM
Gary 40274 Gary 40274 is offline
 
Join Date: Dec 2007
Location: Conyers GA
Posts: 347
Default Do not underinsure

Quote:
Originally Posted by Flying again! View Post
Changed companies to Falcon since they gave the lowest qoute this year. I am underinsuring a little to reduce the cost some. For $120K hull insurance and $1M/$100K liability it is now $2231.
When you underinsure, do you realize that the insurance company has the option of totaling your airplane and taking the wreck and only paying you the coverage limit. Are you willing to sell your wrecked plane to them for $120K?

Gary
Reply With Quote
  #10  
Old 09-04-2012, 01:16 PM
BobTurner BobTurner is offline
 
Join Date: Dec 2011
Location: Livermore, CA
Posts: 6,797
Default

Falcon is a broker - it is their job to represent you to various insurance companies and plead on your behalf for the best coverage and rates, while at the same time being honest about your qualifications. I always found this middle man thing to be a bit odd. Of course they are supposed to give you an unbiased assessment of your needs and what you are getting.

But that aside, do you know what company they placed you with?
And, for honest comparisons, would you care to divulge personal data? (total hours, RV10 hours, instrument rating yes/no)?

I would also echo the above comments, be careful about under-insuring. If you have a $100K accident the insurance company will likely give you $120K. But then they will own it, and they'll part it out, selling engine, avionics, etc, to reduce their loss.
Reply With Quote
Reply



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -6. The time now is 01:20 AM.


The VAFForums come to you courtesy Delta Romeo, LLC. By viewing and participating in them you agree to build your plane using standardized methods and practices and to fly it safely and in accordance with the laws governing the country you are located in.