insurance: vote with your $

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?

Mike
MU-2


"misha" wrote in message
...
How many of you would dare to own a new a/c without having a full hull
value coverage?

After being hit with a $15K premium with a $10K deductable, I have
decided to vote with my hard earned cash against the outrage and to only
get the mandatory liability and not-in-motion. After all, my personal
experience with car insurance is that money-wise, it does not make sense
over any 10yr period.

If we get out of mentality 'everybody does it, so should I', maybe the
insurance industry will wake up (again) to a sharp drop in revenue and
stop the rip-off. In the meanwhile many of us would save some money.
Comments?