Hull/Liability Insurance Recommendations

Sorry for trying to help.............lol


In article , says...

What possible difference would that make? All that should matter is that I give
the same information to each company from whom I solicit a bid.

Because it seems to make a difference to you, $45K hull, $500K liability limited
to $100K/passenger.

What I was trying to avoid was a long list of why this is the wrong coverage,
how much the hull is actually worth ... I don't need it.

Jim


(TripFarmer)
shared these priceless pearls of wisdom:

-It would help if you gave the deatils of your coverage.
-
-
-
-Trip

Jim Weir (A&P/IA, CFI, & other good alphabet soup)
VP Eng RST Pres. Cyberchapter EAA Tech. Counselor
http://www.rst-engr.com

Rick,

Don't discuss limits with Jim. He's very "touchy" about discussing them.


Trip

In article , says...

Jim,

Those rates sound extremely low for a Cessna 182 of any vintage. What
is the hull value you are insuring? What is the liability coverage
(if you are getting less than $1 million smooth you may very well have
inadequate coverage as the "$100,000 sublimit" policies mean only
$100,000 is available per injured/deceased person, which is not
adequate for such a claim and puts your assets at risk)?

It sounds as if your broker has shopped the market. The companies you
referenced are all very reputable. The concern I have is that the
quote you have just seems too low by a large factor. I would be
surprised to find satisfactory coverage for a Cessna 182 for under
$2,000 a year.

All the best,
Rick

Jim Weir wrote in message news:5kuom0lellcqee5m6nn2o44i9v272
...
The BlueOnBlue 182 is coming up for insurance (hull & liability) renewal in
about fifteen days. I'm very careful to get competitive quotes using the same
coverage. So far it is:

Phoenix $805
AIG $920
Global $939 (current carrier with no renewal discount)


Any suggestions on another quote that can be done inside a week?

Any COMMENTS, good or bad, about the two lowest bidders?

Jim


Jim Weir (A&P/IA, CFI, & other good alphabet soup)
VP Eng RST Pres. Cyberchapter EAA Tech. Counselor
http://www.rst-engr.com

Rick...

I appreciate you and Trip's concern about my coverage, but I've structured my
finances to pay a minimum of taxes, insurance, and still give me and my family
peace of mind that we are doing what is required of us. I would argue that your
advice of $1M smooth is NOT valid in all cases. I am also very aware of what my
hull is worth and what it would cost me to replace it. I have absolutely no
intention of over-insuring anything I own.

"Satisfactory" is in the mind of the satisfactee.

Jim


(Rick Durden)
shared these priceless pearls of wisdom:

-Jim,
-
-Those rates sound extremely low for a Cessna 182 of any vintage. What
-is the hull value you are insuring? What is the liability coverage
-(if you are getting less than $1 million smooth you may very well have
-inadequate coverage as the "$100,000 sublimit" policies mean only
-$100,000 is available per injured/deceased person, which is not
-adequate for such a claim and puts your assets at risk)?
-
-It sounds as if your broker has shopped the market. The companies you
-referenced are all very reputable. The concern I have is that the
-quote you have just seems too low by a large factor. I would be
-surprised to find satisfactory coverage for a Cessna 182 for under
-$2,000 a year.

Jim Weir (A&P/IA, CFI, & other good alphabet soup)
VP Eng RST Pres. Cyberchapter EAA Tech. Counselor
http://www.rst-engr.com

No harm in getting a quote from Avemco. 800-283-7019.

Jim Weir wrote in message . ..
The BlueOnBlue 182 is coming up for insurance (hull & liability) renewal in
about fifteen days. I'm very careful to get competitive quotes using the same
coverage. So far it is:

Phoenix $805
AIG $920
Global $939 (current carrier with no renewal discount)


Any suggestions on another quote that can be done inside a week?

Any COMMENTS, good or bad, about the two lowest bidders?

Jim


Jim Weir (A&P/IA, CFI, & other good alphabet soup)
VP Eng RST Pres. Cyberchapter EAA Tech. Counselor
http://www.rst-engr.com

Jim Weir wrote:

What possible difference would that make? All that should matter is that I give
the same information to each company from whom I solicit a bid.

Because it seems to make a difference to you, $45K hull, $500K liability limited
to $100K/passenger.

I have a $70K hull on my 182, $1 mil/$100K per passenger. I paid $1050
last May to Global. This is my second year with them. I had USAIG for
the 5 years prior to that. They were about $50 more than Global. So
your numbers look pretty good.

Rick Durden wrote:

Jim,

Those rates sound extremely low for a Cessna 182 of any vintage. What
is the hull value you are insuring? What is the liability coverage
(if you are getting less than $1 million smooth you may very well have
inadequate coverage as the "$100,000 sublimit" policies mean only
$100,000 is available per injured/deceased person, which is not
adequate for such a claim and puts your assets at risk)?

It sounds as if your broker has shopped the market. The companies you
referenced are all very reputable. The concern I have is that the
quote you have just seems too low by a large factor. I would be
surprised to find satisfactory coverage for a Cessna 182 for under
$2,000 a year.

I have never paid anywhere near $2K for my 182. Even Avemco, which is
never in the ballpark, has never given me a quote over $2K. But then I
also don't have smooth coverage. Don't need it, won't pay for it.

"Jim Weir" wrote in message
news
I appreciate the link, but when I go to the online application and
"hangar" and
"occupation" are misspelled, and then go to the "send us email" link and
it
gives me an Apache server error, I tend to shy away.

They are probably very nice people, but their inattention to detail on
their
website makes me question the attention to detail of the business.

Jim


(One's Too Many)
shared these priceless pearls of wisdom:

-Give a call to AUA in Greensboro, NC.
-
-http://www.auaonline.com

Jim Weir (A&P/IA, CFI, & other good alphabet soup)
VP Eng RST Pres. Cyberchapter EAA Tech. Counselor
http://www.rst-engr.com


Don't blame the company, blame the web master it's usually contracted out
and typos are simple to do everyone dose them.

"Rick Durden" wrote in message
m...
Jim,

Those rates sound extremely low for a Cessna 182 of any vintage. What
is the hull value you are insuring? What is the liability coverage
(if you are getting less than $1 million smooth you may very well have
inadequate coverage as the "$100,000 sublimit" policies mean only
$100,000 is available per injured/deceased person, which is not
adequate for such a claim and puts your assets at risk)?


I would say depends on his assets,

Jim, I agree with you totally. I don't make too much of appearences, but
there is a limit to what you can live with. It's not worth the self doubt
that will creep in everytime there is a problem - "I knew they were shoddy,
why did I not just pass on them!"



"Jim Weir" wrote in message
news
I appreciate the link, but when I go to the online application and "hangar"
and
"occupation" are misspelled, and then go to the "send us email" link and
it
gives me an Apache server error, I tend to shy away.

They are probably very nice people, but their inattention to detail on
their
website makes me question the attention to detail of the business.

Jim


(One's Too Many)
shared these priceless pearls of wisdom:

-Give a call to AUA in Greensboro, NC.
-
-http://www.auaonline.com

Jim Weir (A&P/IA, CFI, & other good alphabet soup)
VP Eng RST Pres. Cyberchapter EAA Tech. Counselor
http://www.rst-engr.com

(Rick Durden) wrote in message om...
Jim,

Those rates sound extremely low for a Cessna 182 of any vintage. What
is the hull value you are insuring? What is the liability coverage
(if you are getting less than $1 million smooth you may very well have
inadequate coverage as the "$100,000 sublimit" policies mean only
$100,000 is available per injured/deceased person, which is not
adequate for such a claim and puts your assets at risk)?

It sounds as if your broker has shopped the market. The companies you
referenced are all very reputable. The concern I have is that the
quote you have just seems too low by a large factor. I would be
surprised to find satisfactory coverage for a Cessna 182 for under
$2,000 a year.

Really? My current policy, through Travers & Associates, cost $736
for a 182B. IIRC it has always been in that ballpark in recent years.
I'll dig out more details if desired.

Perhaps it helps that I have owned/flown this plane for 26 years,
and the only claim was for flood damage (wheel bearings). I have,
however, changed providers several times.

David Johnson