Insurance options...

Two important data points;

1) I got non-owners (renters) insurance through Avemco 2 years ago,
but upon reading the fine print, discovered that they DO NOT COVER
experimental aircraft.

2) I switched to Costello because they do, and when I renewed in
January '09 the copy of the policy had an AIG cover, but was
underwritten by National Union Fire Insurance Company of Pittsburgh,
PA (A bit confusing)

Matt

snip
1) I got non-owners (renters) insurance through Avemco 2 years ago,
but upon reading the fine print, discovered that they DO NOT COVER
experimental aircraft.

snip
Matt

I seem to recall this limitation as well, However I was looking into
purchasing this, this morning and was surprised this is no longer the
case. As I read it, it specifically says that it covered Non-powered
sailplanes and aircraft with Experimental Aircraft Certificate.

However I just realized I was looking at the AOPA Renters insurance
and not the AVEMCO Insurance. So I looked at the AVEMCO Policy. From
what I could see they would cover Amateur Built Aircraft and Gliders
but it might require an additional Endorsement to the Policy. However
the way it is worded it does not look like it covers Experimental
Racing Aircraft.

Brian

At 01:37 17 March 2009, wrote:

If we stick together with Costello and the SSA program, we have the
best chance of remaining in a position where we can get insurance.
Have an accident and you will find out what I mean.

A couple years ago our club dinged a wing on one of our gliders and I was
the one handling the insurance claim and repairs. As I recall, the claim
was assigned to an AIG adjuster (or whatever the title was). The whole
thing turned out to be quite reasonable and painless. I have no
complaints about how I was treated by both Costello and AIG. Whenever
somebody talks about looking around for other insurance sources, we seem
to run into the problem that nobody but Costello really wants to deal with
glider clubs.

I also agree with P3 - the current disaster and bonus uproar is limited to
only one area of AIG, one of something like a dozen divisions. I'm
reluctant to tar the rest of them because one particular group screwed up
big time.

Jim Beckman

On Mar 17, 12:28*am, Matt wrote:
Two important data points;

1) I got non-owners (renters) insurance through Avemco 2 years ago,
but upon reading the fine print, discovered that they DO NOT COVER
experimental aircraft.

2) I switched to Costello because they do, and when I renewed in
January '09 the copy of the policy had an AIG cover, but was
underwritten by National Union Fire Insurance Company of Pittsburgh,
PA (A bit confusing)

Matt

Hi Matt,

AIG writes business on many different "papers" . Nat Union is one
of those. It has to do with where they are admitted to do business
in the various states. Remember, Insurance is still largely regulated
at the State level.

P3

Just to clarify the Avemco / Experimental question:

My DG-300 is registered experimental (like all of them). Avemco had
no problems with this and covered me just fine.

Costello would have covered my DG-300 as well, but Costello wanted all
the $$ up-front (Avemco allows you to pay quarterly); and Costello
wanted an 20% higher premium than what Avemco is charging me. I have
had no problems with service from either company!

--Noel