Insurance for student pilot

[riosouza]

Hi guys,
I'm a student pilot and I just did solo on an Archer ll which is a very nice trainer. I want to buy a plane instead spend $$ with rentals.
Few days ago I got and offer from a friend to buy 1/2 of his RV6 which I flew with my instructor and I just fell in love for it....geee what a sweet and wild aircraft.
I have a major problem now, being a pilot student I cannot get insurance from AVEMCO which I have my currently non-owned premium insurance with.
I want to buy this airplane so bad and besides I have the advantage of having my instructor with a lot of TD hours with his Pitts.
Is there an insurance company that would insure me while I have my instructor flying with me?
After I get my private license would I be able to use a non-owned aircraft insurance, never mentioning I purchased the RV and if anything happens tell them I borrowed it?
The reason is: I called AVEMCO to ask them how much would cost me to ensure the RV after I get my PPL and a guy told me $5,000.00!!!
I just don't want to spend that much money right now until I build up enough hours on it to lower insurance costs as an owner.
I will really appreciate if someone shares similar experience about this and/or what is the best direction to take.

Best regards,
Wilson S.

[Sid Lambert]

You need to call an independent agent and ask them. I use NationAir and they seem to be good. They will check all the available options and present the best to you.

For what it's worth, Avemco was my highest quote. Also, don't ask more than one agent to price shop because the underwriter at each insurer will probably just quote the same thing to each agent.

[Neal@F14]

I've got almost a thousand hours, about 700 of that in the PA28.

Avemco wanted $1100/yr to insure my plain old Cherokee 140

An independent broker sells me the same coverage for under $600/yr.

Does that tell you anything about Avemco?

I got added onto my friend's RV-8 insurance for a very modest add-on fee, but it took about 50 hours total taildragger time and 25 hours in RV tailwheel time to be able to do that affordably. Getting RV tailwheel insurance coverage as a student pilot is probably going to be difficult and breathtakingly expensive no matter what. Might be much more affordable to finish getting your PPASEL in a spamcan and then adding on the tailwheel + RV transition time later. Some folks simply buy their RV and then fly uninsured until they've logged enough time to qualify for more reasonable insurance, but doing that certainly carries the obvious risks, and if the RV is financed then doing that is a no-go altogether.

[gbrasch]

I have had good luck with Sky Smith in Iowa on my builders policy and Falcon on my Piper. Hope that helps.

[pierre smith]

...and found insurance for himself and me as his CFI with the Forest Agency, up north: 800 536 2011

Best,

[JDRhodes]

Originally Posted by riosouza

After I get my private license would I be able to use a non-owned aircraft insurance, never mentioning I purchased the RV and if anything happens tell them I borrowed it?

DO NOT do this.
1) During the discovery process before the insurer pays a $50,000 (?) claim they WILL determine who owns the airplane. Telling them you borrowed it when you actually own half is fraud - punishable by a denied claim at best and jail at worst.

2) If you own it, then Non-Owned aircraft insurance would not apply. It probably doesn't apply to experimental aircraft anyway - read your policy.

3) If you DID borrow it and chose to rely on your non-owned coverage rather than get approved and added to the owner's insurance policy, what happens in a loss when you are not negligent? Non-owned is a LIABILITY policy protecting YOU. If the engine fails and you land in a field and the airplane is damaged, through no fault of your own, the airplane's owner is in big trouble. He can't sue you to recover because you're not at fault. And he can't recover from his own insurer because he had a pilot flying that was not approved by his policy.

Do it right. It doesn't pay to try to game the system. Student pilots in hot rod homebuilts are a bigger risk. That's why they charge more.
It only takes 40 hours to get your PPL in that PA-28, which is an excellent trainer. In 6 months you can have that knocked out and then buy in to the airplane that you want.

[JDRhodes]

Welcome to VAF

[mikegraycmg]

Call Bill Powell at Powell Southwest Agency in Addison, Texas (I notice you are in Texas), lay it out for him, and let him see if he can find you coverage.

BTW JDRhodes is right. Don't try to game the system. It's a good way to void any coverage you get.

[dhall_polo]

Originally Posted by riosouza

After I get my private license would I be able to use a non-owned aircraft insurance, never mentioning I purchased the RV and if anything happens tell them I borrowed it?

Dang. Please whack yourself upside the head for even asking that.

[Phlyan Pan]

Also please whack yourself for being a student and already getting a chance to fly an RV.




I need to trade in my friends for some with nicer airplanes