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  #1  
Old 01-22-2021, 04:40 PM
mxhossai mxhossai is offline
 
Join Date: Feb 2018
Location: Ashburn, Virginia
Posts: 55
Default Insurance quote?

Hello,

I just got a major bump on premium from Old Republic insurance due to engine ground fire (birds nest), repair and replacement last year.

I haven't really explored much but could all please suggest what I should do to shop for insurance. What are you paying and what kind of coverage makes sense (I rather be conservative that get high premium, what are the musts)? I have an RV12 (20014) and absolutely love it :-)

Does having AOPA / EAA membership help with discount (I have the later).

Thank you,
Monir
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  #2  
Old 01-22-2021, 05:27 PM
BobTurner BobTurner is offline
 
Join Date: Dec 2011
Location: Livermore, CA
Posts: 7,184
Default

Since you have Old Republic, you must also have a middle man, a "broker". It's their job to (1) search out all insurance companies for you, and recommend the best for you. Call them and ask your questions. BTW, it's the nature of the market, to go up and down. Currently many people are seeing significant premium increases, just because.... Yours may or may not be because of the fire. Call your broker and ask your questions.
If you want to compare your rate to others, you need to furnish details:
RV-12 insured hull value, deductible, full coverage or not-in-motion?
Liability limits, including any passenger sub-limits.
Your qualifications: age (yes, that matters), total hours, time in RV-12, time last 12 months, license/ratings (private-com-atp, instrument rating)
etc.
edit: AOPA or EAA membership is probably worth a couple of dollars, but not really important. But I did forget to add, any regular recurrent training?

Last edited by BobTurner : 01-22-2021 at 05:29 PM.
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  #3  
Old 01-23-2021, 08:33 AM
bobg56 bobg56 is offline
 
Join Date: Nov 2018
Location: Peachtree City, GA
Posts: 146
Default

A lot of RV owners use Gallagher (636) 449-2821....I paid about $1200
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  #4  
Old 01-23-2021, 08:09 PM
mxhossai mxhossai is offline
 
Join Date: Feb 2018
Location: Ashburn, Virginia
Posts: 55
Default

Thank you guys. Much appreciated. Will definitely look around and also call the number.
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  #5  
Old 01-23-2021, 09:08 PM
alpinelakespilot2000 alpinelakespilot2000 is offline
 
Join Date: Jan 2005
Posts: 3,683
Default

Others' rates are going to be helpful or comparable for you only if they too filed a claim...

As you've observed, if you filed a claim, especially a big one, you can almost certainly expect a premium increase from your current insurer. Likewise, when you shop around you'll find that you're going to be asked whether or not you filed a claim within the last xx years. When you say yes you're going to get a higher premium than you would without a claim history, if they'll even cover you at all.

That said, I second going through Gallagher. If a reasonable rate is available, they'll find it.
__________________
Steve M.
Ellensburg WA
RV-9 Flying, 0-320, Catto

Donation reminder: Jan. 2022

Last edited by alpinelakespilot2000 : 01-23-2021 at 09:16 PM.
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  #6  
Old 01-24-2021, 09:07 PM
RFSchaller RFSchaller is offline
 
Join Date: Oct 2010
Location: Phoenix, AZ
Posts: 2,921
Default

For reference point: Iím paying $899 for 75K hull insurance and 1M liability. ATP, CFII with 1000 hrs in type and about 120 hrs/yr in type.
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  #7  
Old 01-24-2021, 09:08 PM
RFSchaller RFSchaller is offline
 
Join Date: Oct 2010
Location: Phoenix, AZ
Posts: 2,921
Default

Probably should have included my age: 69.
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  #8  
Old 01-25-2021, 06:29 AM
TJCF16's Avatar
TJCF16 TJCF16 is offline
 
Join Date: Mar 2015
Location: Greenville SC
Posts: 186
Default

I just got a quote from BWI for $978.00 for $90,000,00 hull and 1 mill liability. I was very pleased!
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Tim Crouch
RV-9A N626TC
"Merlin"
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  #9  
Old 01-25-2021, 09:43 AM
hiline hiline is offline
 
Join Date: Nov 2017
Location: El Dorado Hills,Ca
Posts: 54
Default

Yes, BWI with me is $970 yearly,80K hull, 1 Million Liability.2018 RV12
Really depends on your total time and time in type.
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Tony G
Flying 2018 RV12
El Dorado Hills, Ca
N337JG
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