Leland Vandervort wrote:

On Thu, 10 Jul 2003 12:14:10 -0700, "Mike Rapoport"
wrote:
The insurance industry is not making a lot of money even at the new higher
rates, so don't expect them to decline soon. Personally I only carry
liability because I think that the hull coverage I have been offered is not
a good deal. Insurance pricing is a combination of premiums and how much
money the insurance company can make by investing those premiums before
there is a claim. Obviously the expected rate of return on those
investments is much lower than it was three years ago.

What plane are you trying to insure and what are your pilot qualifications?


Personally, for my insurance for my PA28R-200, with my PPL and 90
hours at the time of taking out the policy, only 4 hours on type, they
quoted me £1750 (UK Pounds, so about $3000 / year), for £40,000 hull,
£3 million public liability, £7.5 million crown liability (for
government aerodromes) and a few other liabilities for various other
countries. Deductible is only £500. I can't complain as this is even
less premium than the car I sold to buy the airplane.

In Australia, I'm paying about AUD 4400 for a hull value of AUD 85000
and AUD 2 million public liability. Deductible is 1% of hull value.
(1 AUD is about 0.65 USD and about 0.4 GBP)