insurance help?

[rvanstory]

Originally Posted by dbhill916

Any clue why it's roughly x3 to add a relatively experienced pilot to an existing policy?

If your friend is over 70 yrs of age, that could be a factor....Otherwise, it doesn't sound reasonable to me either.

[toolmanmike]

I suggest the word “teaching” never be spoken when shopping for insurance. If you want to give flight instruction in your plane, be prepared for triple the premiums.

[BobTurner]

Originally Posted by toolmanmike

I suggest the word “teaching” never be spoken when shopping for insurance. If you want to give flight instruction in your plane, be prepared for triple the premiums.

+1. This is exactly what I was thinking.

[MacCool]

Originally Posted by MacCool

I pay about $1400/year (Global through Gallagher) and only have about 100 hours in RV's. I just added a buddy, the guy who did my transition training a couple of years ago, and it didn't raise my premium at all.

I would add for context that the buddy I added to my insurance for no premium increase is over 70 y/o (as am I) and is a CFI. The purpose of adding him definitely included/includes flight instruction. I'm not sure where the subject of flight instruction comes up in the insurance conversation, but it was never a component of the underwriting documents/application that were requested and is not mentioned anywhere in my policy as an exclusion.

[dbhill916]

Teaching was definitely the culprit. The broker said that "time in type" is the most important variable, followed by the fact that it is a "teaching" airplane. My buddy had zero RV-12 hours, so there was a mandated 5 hr of dual. For me to give him the dual instruction the policy had to include the permission for me to do so. What makes no sense is that he & I are co-owners of Cirrus SR22 and the policy for that plane is lower than the RV12. At least, only for this first year. Broker promises that the premium will be "better" if he gets 25 hrs of time in type.