In article ,
Shawn wrote:
I am a student pilot getting ready to solo next week (26 hours now). I
am interested in a 1/3rd share of a '65 P206 due to my large family.
It is going to be really hard to get insured at around 60 hours (which
is where I'd guess you'll finish). A lot of underwriters will want
250tt and an instrument rating and will want 15-25 hours in type
before you solo. However, there is probably *some* underwriter that
will cover you for a large premium, but you'll need a broker to
negotiate that for you. Absolutely request a *quote* if you are
serious. I got a few brokers to estimate for me but when I finally
got quotes the actual premiums were significantly different (lower,
luckily) and came with different training requirements.
One other thing you need to do is call Avemco directly. They are
the only underwriter that doesn't work through brokers. They seem
willing to write unusual risks (at alarming rates) and will pro-rate
a reduction in your premium as you satisfy risk-lowering requirements.
For example, if you bought a plane and got a hangar in 6 months you
could get their 10% hangar discount for the last 6 months of the policy.
As you get more time in type, complete your instrument rating, complete
some recommended safety courses you can get the discounts immediately
rather than waiting until your next renewal.
--
Ben Jackson
http://www.ben.com/