On Jul 14, 2:56 pm, Justin Gombos
wrote:
So does the pilots estimate of the hours per year they expect to fly
affect the premium? Auto insurers often ask how many miles drivers

I have been a plane onwer for the last 4 years. None of the forms
that I had filled out to obtain quotes from several insurance
companies/agencies asked me to estimate the hours that I expect to
fly. They all wanted to know the same things such as total number of
hours, total number of hours in type/model, total number of hours
flown the last 12 months, total number of hours flown the last 90 days
etc All policies are for the whole year. In 2005, our policy expired
in March and we were scheduled to take our accelerated IFR training in
May, we were told that having instrument ratings would reduce our
premium but we would have to wait until next year for the discount to
take effect since the policy could not be adjusted even after only two
months. In another year, my husband was only10 or so hours shy of
500hrs when we renewed the policy. I had over 500hrs at that time but
the cost was based on the co-insurers with the least experience.
Again we were told that there would be a cost reduction after 500hrs
but it would not take effect until the next year.
Unlike automobile insurance where there are many companies to
choose from, there are less than a handful of aviation insurance
companies. Their policies are very much similar. Whether you think
that the policies make sense or not, you have to accept whatever
availalbe. It's apples and oranges when it comes to comparing
automobile and aviation insurances.

Hai Longworth