Stop me, before I do something crazy...

"Nathan Young" wrote:

Guy near me just built a Lancair 4. Beautiful plane, although some of
the design features are just stupid, but a nice looking plane. Has to
be valued at least $350K First years insurance is $12,000.

Yikes, that's a lot of money, but for a $350k, 300+ mph, retract
homebuilt it does not seem that far out of whack.

I did a quick Google groups search and see rates from $5-10k quoted
for Mooney Bravos and SR22s (similarly priced & one is a retract).

AOPA got me a quote of $3K for $1M smooth, $300K hull on a Turbo 182T.

--
Dan

On 6/5/2007 3:18:51 PM, "Dan Luke" wrote:

AOPA got me a quote of $3K for $1M smooth, $300K hull on a Turbo 182T.

Wow, really? What kind of hours/safety courses do you have in your background
that resulted in such a low quote for $1M smooth at that hull value?

I just re-upped with USAIG and am paying $2900 for the '73 Bonanza with a
hull value around $170k (TKS, new engine, tip tanks, new avionics,
turbo-normalized), not $1M smooth. This quote with an IFR rating and about
1,200 total hrs, 600 hrs in the insured aircraft. Or is the difference due to
the fact that the Bo is a retractable?

--
Peter

"Peter R." wrote:


AOPA got me a quote of $3K for $1M smooth, $300K hull on a Turbo 182T.

Wow, really? What kind of hours/safety courses do you have in your
background that resulted in such a low quote for $1M smooth at that hull
value?

I have 900 hours of retract time insured with them with no claims, accidents
or incidents. Still, they won't cover me until I get 4 hours of dual on a
G1000-equipped airplane.


I just re-upped with USAIG and am paying $2900 for the '73 Bonanza with a
hull value around $170k (TKS, new engine, tip tanks, new avionics,
turbo-normalized), not $1M smooth. This quote with an IFR rating and about
1,200 total hrs, 600 hrs in the insured aircraft. Or is the difference due
the fact that the Bo is a retractable?

Hmm. I was paying about $2K for $1M smooth, $90K hull on my 172RG.

--
Dan

On 6/5/2007 5:35:05 PM, "Dan Luke" wrote:

Hmm. I was paying about $2K for $1M smooth, $90K hull on my 172RG.

Through AOPA?

--
Peter

"Peter R." wrote:


Hmm. I was paying about $2K for $1M smooth, $90K hull on my 172RG.

Through AOPA?

Yep.

But does that 12k cover the entire hull value? I would doubt that it
would. It may cover partial value or liability and not in motion.
There's a Bo owner I know of that has spent so much on restoring his
airplane that the insurance company will no longer insure it for what
he's got into it. Something like 200k spent and maximum hull coverage
of around 125k. The insurance companies will cover an "agreed" value
but it's a value they have to accept as reasonable.
Dave


Newps wrote:
Guy near me just built a Lancair 4. Beautiful plane, although some of
the design features are just stupid, but a nice looking plane. Has to
be valued at least $350K First years insurance is $12,000.




dave wrote:

That's a beautiful airplane. Does anyone know if insurance is
available for it at that hull value? I don't mean just because it's
an experimental - I'm wondering if an insurance company would accept
an agreed value that high.
Dave
M35

Dan Luke wrote:

Drool:

http://rv6rick.tripod.com/ohiovalleyrvators/id19.html

On Jun 3, 7:30 pm, "Dan Luke" wrote:
Drool:

http://rv6rick.tripod.com/ohiovalleyrvators/id19.html

--
Dan

this wont be popular...

It certianly is a great airplane and this particular model looks to be
well built...but color me as someone not all that impressed or at the
very least "turned off" by the sticker. (of course I say that about a
182 for 1/4 million dollars).

Private airplanes do two things...they bring joy and transportation.

An airplane this costly has to justify itself in someway, we are
talking "house" price here. Look I like women in uniform and women
who are tough "broads" (to quote my fiance..falling in love again
after my wife passed away)...so I am (again to quote her) "wierd" in
terms of what appeals to me.

but I dont see how one justifies spending that much money on personal
transportation...and spending that much money on personal "fun".
There is a LOT Of "ego" here.

and for the most part (looking at the electronics) it is more ego then
most 100-200 hour a year pilots can master and stay current in.

Robert

On Jun 5, 10:11 am, Newps wrote:
Guy near me just built a Lancair 4. Beautiful plane, although some of
the design features are just stupid, but a nice looking plane. Has to
be valued at least $350K First years insurance is $12,000.



dave wrote:
That's a beautiful airplane. Does anyone know if insurance is available
for it at that hull value? I don't mean just because it's an
experimental - I'm wondering if an insurance company would accept an
agreed value that high.
Dave
M35

Dan Luke wrote:

Drool:

http://rv6rick.tripod.com/ohiovalleyrvators/id19.html- Hide quoted text -

- Show quoted text -

That is more then my house! (the insurance).

Robert

"Luke Skywalker" wrote:

but I dont see how one justifies spending that much money on personal
transportation...and spending that much money on personal "fun".

Why does it need to be justified, Robert? Did you ever see a Brinks truck in
a funeral procession?


There is a LOT Of "ego" here.

There is a lot of "judging" here.


and for the most part (looking at the electronics) it is more ego then
most 100-200 hour a year pilots can master and stay current in.


Not a problem, it seems to me. If this were my airplane, I'd fly 100+ hrs of
IFR/year in it. I guarantee you I'd have it mastered.

--
Dan

"Fiction was invented the day Jonah arrived home and told his wife
that he was three days late because he had been swallowed by a
whale." -Gabriel Garcia Marquez

On Jun 6, 5:58 am, "Dan Luke" wrote:


Not a problem, it seems to me. If this were my airplane, I'd fly 100+ hrs of
IFR/year in it. I guarantee you I'd have it mastered.

--
Dan


a 100 hours a year..my question to someone who tells me this is there
anything else in the "complex" category that one does for 2 hours a
week and stays proficient enough to bet their life on it...?

Robert