Daddyman58 said:
Great News,
My agent Kyle Johnson from BWI-FLY insurance came through for me.
Hallelujah.
A weight has been lifted.
Daddyman soon returns to the skies.
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I am happy you got the coverage you need. But I remain perplexed by the insurance industry. BWI is a broker, not an insurance company. Any broker should have been able to get you a quote (Avemco excepted) from the same company. I don’t think this is how the system is supposed to work.
 
Some brokers are more effective and persuasive than others in interceding directly with the underwriter on behalf of a client. I’ve seen this myself in the past having two different aviation insurance brokers dealing with AIG on my behalf, and went through it earlier this week with my broker on an auto policy issue.
 
BobTurner said:
I am happy you got the coverage you need. But I remain perplexed by the insurance industry. BWI is a broker, not an insurance company. Any broker should have been able to get you a quote (Avemco excepted) from the same company. I don’t think this is how the system is supposed to work.
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BobTurner,
True in theory. I did question a broker that I had a "not-in-motion" policy - Traver's Insurance out of St. Louis.
She said she did try and was not successful.
I'm not disparaging her, yet I never got the impression she was really in my corner rooting for me.
Yes, she would get me insurance if it was easy, no if it required effort.
Daddyman
 
Data point: RV-10, IFR-equipped/VFR pilot late 60's with 1400 TT, 125 in make/model, 20 hours flown last year (!) hangared at home on grass strip - $300k hull in-motion, 1M liability, AIG through Gallagher. Slight increase in premium from last year, now quoted $3,631.
 
Bill Boyd said:
Data point: RV-10, IFR-equipped/VFR pilot late 60's with 1400 TT, 125 in make/model, 20 hours flown last year (!) hangared at home on grass strip - $300k hull in-motion, 1M liability, AIG through Gallagher. Slight increase in premium from last year, now quoted $3,631.
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Details matter.
Is that 1 M ‘smooth’, or are there sub-limits?
 
True enough, Bob. I was unsure so had to go look... hoping I 1) never need the coverage, 2) am never in a position where the limits matter.
Valuation – Agreed Insured Value
basis

$300,000 Ground and Flight
Deductibles: $0 Not In Motion – N/A In Motion
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$1,000,000 Combined Single Limit Bodily Injury and Property Damage

Including Passengers Liability Limit:
$100,000 Each Passenger

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Medical Payments: $10,000 Each Person, Including Crew

Open Pilot Warranty: Any Private or more advanced pilot who has 500 total hours as Pilot in
Command and at least 25 hours in the same make and model as the insured
aircraft.
 
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