"You know who" wrote in message
...
I've heard good things about Great Plains. In fact, the insurance company
I
got a quote from would only insure Revmaster, Aeroconversion and Great
Plains conversions.
I never bet against insurance companies.... sorta. g
Think about this, concerning life insurance....
The life insurance company bets that you are going to live.
The insured bets that he/she is going to die.
Should the insured really want to win the bet? bfg
Definitely a bet you're gonna lose one way or the other!
Speaking on insurance...
Are you going to be insured for 1st flight?
If so, what are the insurance company requirements?
Insurance requirements from Falcon Insurance, with underwriting from Global
Aerospace were as follows:
At least 20 hours tailwheel time and tailwheel endorsement
At least 5 hours in make and model
Must complete EAA's Flight Advisor Program.
And since I mentioned that I have an experienced test pilot (the DAR :-)
willing to do the first flights, that became a requirement too.
The breakdown was about $750 for liability ($1 mil total, $100k individual)
and $600 for full hull coverage of $15k (which doesn't kick in until after
first 10 hours). $0 deductibles for both In-Motion and Not-In-Motion (as a
benefit of belonging to EAA).
Since hull coverage doesn't kick in right away, I'll probably self-insure
that.
Still deciding about liability... what do other people on the group do?
Eric
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