Insurance Query

[Michael]

This month it's time to renew my insurance. Since the avionics job has put the hull value around $250K I'm having a heck of a time getting a reasonable quote. I've got about 400 hours and a new instrument rating and the best Falcon has come up with for me is $4.8K for $250K hull or $2.8K for $200K hull. Many companies simply won't insure a 182 for that much.

Do any of you have a company that understands the value and safety of a 260SE? There seems to be a real lack of competition among companies (too few).

Michael
97AV

[kwmoore]

Hardy Aviation Insurance (broker) in Wichita insures a number of 260se's. I have had good luck with them, especially regarding hull valuations. I don't have their contact info with me but they have a website you can find by searching.

Later: it's 800-721-6733

[Mike Sullivan]

With zero hours in a 182, Hardy insured N97661 with 250K coverage for $3600.00. At the rate I've been flying her, I'm hoping next years premium will be somewhat less expensive.

Mike

ps I'm leaving Friday for Pensacola to accrue more hours and experience.

[witrakw]

I was surprised this year(pleasantly) from Hardy Aviation.

I am 53, 250 hours, instrument ticketed, probably 150 hours total in 182's, retractables and t210.

Last year hull value 200K, 100K individual liability(1 M max total) and premium was ~$2600. Having the plane hangared factored in too.

This year the whole premium was ~$2000 and they gave me "smooth" liability for the whole 1M as well. The hull coverage worked out to be less than a buck for a thousand of hull coverage.

I purposely underinsured the "hull" since I discounted much of the electronics I put in the panel. Hardy Av intimated that putting a "replaceable" value on those little black boxes and getting an adjuster to agree to it was a long shot anyway.

By the diminishing premiums above and extrapolation, I figure in five or six years Hardy Insurance will be paying me to carry their coverage!

I remember being rudely awakened a few short years ago when I was shopping for planes and found out what an SR22 would have cost me every year for insurance....almost $8K for insurance alone was more than I wanted to pay as additional yearly overhead. Curiously, in one of the monthly plane mags I just read, one of the articles was on the subject of insurance related to "the parachute". This particular author was surmising that one reason that hull insurance for cirri was high(without tons of pilot hours) was that insurers assume that there is a higher liklihood of "pulling the chute"(with totalling the hull) as opposed to emergency landing. Even Cirrus corp states that one needs to plan on the plane being totalled when one deploys the chute,,,,,apparently the insurers may be factoring that into their quotes.

good luck

[n2099x]

I have been Insured with Avemco for years. My hull is $140,000 for my 1965 H model and I have to send them a recipt for avionics when the installation is complete. Then they will raise it higher. I have 1 million liability but not smooth. I haven't had it quoted at Hardy's, maybe next year. I have 1200hrs make and model, and a Instrument rating. My premium is $1,350. Avemco does recognize and have higher hull values for the 260se.

Glen