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  #1  
Old 01-15-2012, 08:15 PM
LettersFromFlyoverCountry's Avatar
LettersFromFlyoverCountry LettersFromFlyoverCountry is offline
 
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Location: St. Paul, MN.
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Default Transition training insurance

The guys who came over to do my pre-inspection inspection today both do transition training; both are thinking of no longer doing transition training and it's an issue I haven't heard addressed before, so maybe I missed it.

Apparently, the typical insurance rider for an RV pilot doing transition training is going to go from a ballpark $750, to near $3,000.

This doesn't make much sense to me. The insurance companies WANT we about-to-fly RV pilots to get transition training to keep the number of claims down, and then they're making it more difficult to actually GET it.

Wondering what other CFIs who provide RV transition training are finding in their renewals?
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Last edited by LettersFromFlyoverCountry : 01-16-2012 at 09:31 AM.
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  #2  
Old 01-15-2012, 08:24 PM
BillSchlatterer BillSchlatterer is offline
 
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Location: Arkansas
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Default Insurance cost ?

Hard to believe any CFI can get covered for only $750. Most of us pay well more than that just to fly any RV. Much less doing transition.

Just curious what a regular CFI pays relative to an RV transition CFI. Would think many cfis are covered under an FBO policy of some sort.

Bll S
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  #3  
Old 01-15-2012, 08:46 PM
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DakotaHawk DakotaHawk is offline
 
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Default

WOW! I'm paying $1300 for $75k hull and liability. Maybe I should start giving transition training to get my rates lowered to $750!
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  #4  
Old 01-15-2012, 08:59 PM
Mile High Relic Mile High Relic is offline
 
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Default

Bob is talking about a "rider," as in a charge that is in addition to the base cost of insurance.
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  #5  
Old 01-15-2012, 09:50 PM
guccidude1 guccidude1 is offline
 
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My transition training insurance rider was quoted at $1000. Dan
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  #6  
Old 01-15-2012, 10:01 PM
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LettersFromFlyoverCountry LettersFromFlyoverCountry is offline
 
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Default

Quote:
Originally Posted by BillSchlatterer View Post
Hard to believe any CFI can get covered for only $750. Most of us pay well more than that just to fly any RV. Much less doing transition.

Just curious what a regular CFI pays relative to an RV transition CFI. Would think many cfis are covered under an FBO policy of some sort.

Bll S
It's $750 above and beyond the regular premium. As I indicated in the original post, it's the rider that's $750. It's not the entire policy.
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  #7  
Old 01-16-2012, 06:15 AM
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pierre smith pierre smith is offline
 
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Default Nope

I don't hold a transition training 'rider' for that reason.

Best,
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  #8  
Old 01-16-2012, 07:27 AM
JDRhodes JDRhodes is offline
 
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That's pretty consistant with the additional premium to insure a certified airplane for commercial instruction, too. There's more risk. That's why it costs more - and why people that rent their airplanes charge money for it.
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  #9  
Old 01-16-2012, 08:12 AM
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LettersFromFlyoverCountry LettersFromFlyoverCountry is offline
 
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My question is how many people are giving up giving transition training -- or considering giving up transition training -- because of this unexplained jump?
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  #10  
Old 01-16-2012, 08:13 AM
Alex D Alex D is offline
 
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Location: Dallas, TX
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Default Insurance Costs

That is the way it is, about $750 per aircraft on top of the regular premium. Add to that maintenance costs and you find yourself with a very small margin at the end of the year. Sometimes I think it is not worth the liability exposure.
I tried to get a one $750 charge for all the three airplanes I do training in, since I fly only one at the time. They said $750 per aircraft even do you are not flying them all at the same time.
Alex D
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