To the best of my knowledge only AVEMCO has "per person" sublimits, all the others are "per passenger".
I too asked about higher coverage and was told the market just didn't offer it. The insurance companies know that, statistically, it is rare for non passengers to be injured so really I'm paying for $300K liability, plus a bit more for the unlikely chance of hurting a non-passenger.
The whole process is something of a mystery to me. When I was in a 182 partnership the premium for $3M liability was more than triple the premium for $1M. The agent's explanation was "attractive target for lawyers" and "legal costs". Apparently for a large claim the company would just write a check for $1M, but was prepared to fight it out in court for more than that.
PS As most of you know, you have to go directly to Avemco to get a quote from them. An independent agent should be able to get quotes from everyone else. I tried Avemco, just to be complete, but their quote was nearly twice Chartis', as well as having the "per person" exclusion. However, they did send me the promised nice baseball cap for my trouble. My hangar neighbor said it must be the world's most expensive hat!
Last edited by BobTurner : 09-06-2012 at 12:48 PM.
Reason: AVEMCO
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