FA: 75 hp Revmaster VW engine w/accessories

"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

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
++++++++++++++++++++++++++++++++

Your candor is appreciated.

Myself, liability is the most important to me.
To lose the plane is nothing compared to losing
my house and other assets if I'm found liable.

In my case, it is relatively cheap compared to hull.
Liability was appx $300 a year for $1 mil coverage.
My $31,000 full hull was under 2%.. nearly $500.

To have my RV-3 first flight flight covered....
all I needed was a CFI sign off. Bob Lynch RV
CFI @ JEF handled that chore without fanfare.

I'm a granfathered tail wheel pilot of many years and
many hours. I think having an instrument ticket, CFI
and Commercial may have helped moderate rates.
The RV series also has a relatively low loss rate...
with Lycomings installed, anyway. {8-D

Others that I have checked with are all over the place
on insurance from nothing at all, to everything. There is
no common denominator on income or intellect that
allows me to predict what anyone will gamble.....
including their lives on auto conversions. smirk

Have you checked to see if you can get hull coverage
without liability? In the back of my mind, some companies
won't insure that way. CAUTION: Could be a brain fart.


Barnyard BOb -- over 50 years of successful flight

"You know who" wrote in message
...

Myself, liability is the most important to me.
To lose the plane is nothing compared to losing
my house and other assets if I'm found liable.

My assets are limited so I'm not *that* concerned about liability as far as
that goes.
My thoughts are more directed towards my responsibilities and obligations to
the test pilot (who BTW did the first few flights the first time it was in
Phase I) and towards any targets on the ground.

Have you checked to see if you can get hull coverage
without liability? In the back of my mind, some companies
won't insure that way. CAUTION: Could be a brain fart.

Barnyard BOb -- over 50 years of successful flight

I was considering liability w/o hull insurance; I agree finding hull w/o
liability might be hard to find!

Eric