dbhill916
Well Known Member
Hi
I'm looking for something reasonable out of the insurance industry. I doubt that that makes any sense, but I'm asking if anyone has any ideas.
My RV12 is insured for $90K hull value. I'd like to teach a friend (co-owner with me in a Cirrus SR-22, 500 hr complex/high performance) to fly it and allow him to build hours more cheaply than in the Cirrus. My current premium is $1400/yr. Our broker is quoting $3600/yr to add him, and that strikes me as quite unreasonable.
Any clue why it's roughly x3 to add a relatively experienced pilot to an existing policy?
Thanks for any suggestions,
-dbh
I'm looking for something reasonable out of the insurance industry. I doubt that that makes any sense, but I'm asking if anyone has any ideas.
My RV12 is insured for $90K hull value. I'd like to teach a friend (co-owner with me in a Cirrus SR-22, 500 hr complex/high performance) to fly it and allow him to build hours more cheaply than in the Cirrus. My current premium is $1400/yr. Our broker is quoting $3600/yr to add him, and that strikes me as quite unreasonable.
Any clue why it's roughly x3 to add a relatively experienced pilot to an existing policy?
Thanks for any suggestions,
-dbh