Glider Insurance?

On Sunday, July 19, 2020 at 6:15:03 PM UTC-4, Graham Drinkell wrote:
Why have the costs risen so high? I was a loyal customer for over 10
years to a particular insurance company, whom informed me I was not
allowed to allow young pilots to fly my glider.
They have now declined me from their insurance cover.
I have tried another broker, but their charges are excessive, to the
point I will quit gliding.

Graham what glider are you trying to insure? I don't like hearing this trend...

$2500/yr for 40k of coverage is ridiculous. Try LL Johns, that’s what I pay for about 3 1/2 times the coverage.

On 7/21/20 7:00 AM, Turkey Vulture wrote:
On Sunday, July 19, 2020 at 6:15:03 PM UTC-4, Graham Drinkell wrote:
Why have the costs risen so high? I was a loyal customer for over 10
years to a particular insurance company, whom informed me I was not
allowed to allow young pilots to fly my glider.
They have now declined me from their insurance cover.
I have tried another broker, but their charges are excessive, to the
point I will quit gliding.

Graham what glider are you trying to insure? I don't like hearing this trend...



It's not just the glider type, it's pilot age, medical history, claims
history also.

I insure for full coverage on twice the value for 1/2 that cost through Costello. Something else is affecting that premium.

A friend just got a quote for LL Johns. It was higher than Costello.

YMMV -

Lou

Yeah, that quote was a memory fart.................probably from our ASH-25 with 4 partners on 100K. Hull is normally about 2% of insured value + liability.
I’m Still too cheap to buy hull..........I have bent 3 gliders in 50 years! Only one claim for a broken boom ........insurance paid 4K!
That’s when I said, screw this, I’ll self insure whenever I can.
JJ

On Tuesday, July 21, 2020 at 10:05:34 AM UTC-7, wrote:
Yeah, that quote was a memory fart.................probably from our ASH-25 with 4 partners on 100K. Hull is normally about 2% of insured value + liability.
I’m Still too cheap to buy hull..........I have bent 3 gliders in 50 years! Only one claim for a broken boom ........insurance paid 4K!
That’s when I said, screw this, I’ll self insure whenever I can.
JJ

My parents never insured their house back in the UK. When I discovered this, I was horrified. But my father said 'how many houses have you seen on fire?' He also told me he and my mother did take the bus to visit the insurance company office (this was before the internet) and when they saw the plush company offices, they understood where their money would go, and walked away.

On Monday, July 20, 2020 at 8:31:09 PM UTC-4, wrote:
Liability only.............what you may do to others while operating your Glider!
I strive to drive safe and fly safe, and I’m willing to take a hit, if necessary!
Full coverage on a 40K Glider is around $2500/yr..........say 5 years of safe operation with liability only and you’ll have 10K of your money to deal with a loss! No loss and you keep the dough! That means 100K of portfolio is dividends on my no hull insurance policy!
I have operated like this for most of the last 50 years..........I’m too cheap to pay big insurance bills, year after year! A 40K Glider will do everything I want and need.
JJ

Best advice I've heard - thanks!