Av8safe
Well Known Member
For those following the sage of Buck Meets RV, the good news is I have since found a new ride and hope to be completing the purchase in February.
However, when I obtained the Quote from my Gallagher broker for the new policy (thru AIG) the rate nearly doubled! Now I admit, I have little TW and RV time, but I am a professional ATP pilot with nearly 18,000 hours and no incidents or accidents prior to the deer strike. BTW, that was NOT classified by NTSB or FAA as an accident. But because I had a claim, my premium for full coverage went from ~$2,900/yr for a "show quality" RV7 to ~$5,200/yr for a plane that is costing me significantly less to acquire. That's insane...
I am told that with a claim on my record within the past year it will be difficult to leave AIG and do any better. But, I did contact EAA and spoke with their Loss Prevention specialist and have followed their advice to see if another broker/underwriter can do any better.
So, what's the moral of the story:
Beware and be forewarned....this insurance market is crazy and even an act of nature will co$t you DEERLY...
Fly safe,
Mitch
However, when I obtained the Quote from my Gallagher broker for the new policy (thru AIG) the rate nearly doubled! Now I admit, I have little TW and RV time, but I am a professional ATP pilot with nearly 18,000 hours and no incidents or accidents prior to the deer strike. BTW, that was NOT classified by NTSB or FAA as an accident. But because I had a claim, my premium for full coverage went from ~$2,900/yr for a "show quality" RV7 to ~$5,200/yr for a plane that is costing me significantly less to acquire. That's insane...
I am told that with a claim on my record within the past year it will be difficult to leave AIG and do any better. But, I did contact EAA and spoke with their Loss Prevention specialist and have followed their advice to see if another broker/underwriter can do any better.
So, what's the moral of the story:
Beware and be forewarned....this insurance market is crazy and even an act of nature will co$t you DEERLY...
Fly safe,
Mitch