Insuring a Columbia 400 & weekend only insurance

On 2007-07-11, Gig 601XL Builder wrDOTgiaconaATsuddenlink.net wrote:
Justin Gombos wrote:
On 2007-07-03, Gig 601XL Builder wrDOTgiaconaATsuddenlink.net wrote:
Robert M. Gary wrote:

I also doubt you are going to find a carrier that would be willing
to start a policy every Friday and end it on Sunday.

That's not what I was looking for anyway. I would be more
interested in an annual policy that is effectively excludes flying
incidents Monday-Thursday.


But that is pretty much what they'd be doing anyway. What makes you
think that your risk flying 50 hours per year only on weekend would
be any less than the guy in the next hanger who flys 50 hours a year
but on any day of the week?

If insurers were counting hours, this discussion would be moot. They
may be estimating hours in their formula, but the accuracy of that
estimate is terrible if the same number is being used for a weekend
pilot as a daily pilot.

In fact since there will be more recreational pilots flying on
weekend the chance that you would run into one of them
increases.

Sure, but that risk is the same for a pilot insured daily flying on
the weekend (neglecting the experience factor, which is a variable
that's already accounted for in the premium).

There would also be the added concern that on one of your weekend
jaunts you would be more likely to fly in worst weather because
waiting until Monday isn't an option.

I disagree. A pilot willing to fly in unsafe weather will have more
opportunities to do so if they can fly every day. The pilot confined
to weekend travel only flies weekends for a reason. If their schedule
prevents them from flights on workdays, then being insured on weekdays
doesn't make the better weather flight time any more viable.

But it all boils down to the fact that the insurance company's risk
would not be reduced enough for you to even notice the difference.

That's a reasonable speculation, but I'm more inclined to think the
very small market and lack of competition is preventing insurers from
taking advantage of this. If no provider breaks the 365 day insurance
trend, all providers can collect artificially high premiums from
weekend pilots.

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