Glider Insurance, which to choose?

On Nov 3, 8:01*pm, wrote:
*Costello
gets insurance through AIG. *I guess with their government bailout,
minus the expenses from the warm sunny california executive party,
they must need a good chunk of change for their operation.


I think you will find that this "AIG" is not the same as that "AIG".
Two completely separate companies according to press releases I saw at
the time of the "bailout". With only 3 letters in the name it's no
wonder there are duplicates. I think A for Aircraft and A for
American in this case, but my attention span is short and I didn't
verify that.

Andy

On Nov 4, 9:36*am, Andy wrote:
On Nov 3, 8:01*pm, wrote:

*Costello
gets insurance through AIG. *I guess with their government bailout,
minus the expenses from the warm sunny california executive party,
they must need a good chunk of change for their operation.

I think you will find that this "AIG" is not the same as that "AIG".
Two completely separate companies according to press releases I saw at
the time of the "bailout". *With only 3 letters in the name it's no
wonder there are duplicates. *I think A for Aircraft and A for
American in this case, but my attention span is short and I didn't
verify that.

Andy

If I understand it correctly, AIG Aviation Inc is part of the larger
AIG holding company, however, owing to regulatory insurance
requirements, there were specific reserve requirements that were not
related to the financials of the larger AIG holding company. At no
time were coverage and claims in danger. If the larger AIG had not
been bailed out, AIG Aviation may have been sold off to another
group. Assistant VP of AIG Aviation spoke to this at the recent SSA
board meeting. As to which would have been the better long term
solution, well.....

Frank Whiteley

I also have an ASW 15 insured with Costello. Hull is insured for
$14,500 and trailer for $1500. My premium was around $600. I have
about 350 flights and 200 odd hours. I am an SSA member. I don't know
why your premium would be so much higher. I also had a claim several
years ago for about $2400. They were very easy to work with. This
resulted in an increase in premium for a few years and then it dropped
back down.

Mike

Scott,

I haven't read any of the other posts so please pardon me if I repeat
anything you've heard. (The joy of nurturing tomorrow's glider
pilots.)

My first three years flying gliders (starting early 2004) my
underwriter was AIG, but I never had to deal with them outside of
sending their broker my money. I am no insurance guru but one thing I
did observe was that dealing with brokers felt like I was going
through a completely unnecessary middleman (I was insured through
USAA). I hope better informed readers can pipe in with wassupwidaldat.

When I got delivery of my ASG29 early this year, I called Avemco on a
tip from a fellow pilot and signed up with them. Six weeks later I had
to submit a major claim and I was *very* pleased with how they handled
it. Right now they are at the top of my suggestions.

~ted/2NO