Dgamble
Well Known Member
I just got my first renewal on the 12:
"Your rate for the new year went down $175 to $1,125"
I replied:
"That's a pretty good decrease! Do you know if it comes from my having
more hours in the plane (still less than 40), or are RV-12 rates dropping now that quite a few more of them are flying and are proving to be a lower risk than the faster, more complex RVs?"
The response:
"I believe that the rate decrease is a factor of both reasons you list.
Also there are 6 companies willing to write the aircraft so there is
competition in writing coverage for the aircraft. Some of the quotes
are a lot higher than your quote but at least they are willing to write
it which is good."
Make of it what you will - I see it as a very positive improvement.
"Your rate for the new year went down $175 to $1,125"
I replied:
"That's a pretty good decrease! Do you know if it comes from my having
more hours in the plane (still less than 40), or are RV-12 rates dropping now that quite a few more of them are flying and are proving to be a lower risk than the faster, more complex RVs?"
The response:
"I believe that the rate decrease is a factor of both reasons you list.
Also there are 6 companies willing to write the aircraft so there is
competition in writing coverage for the aircraft. Some of the quotes
are a lot higher than your quote but at least they are willing to write
it which is good."
Make of it what you will - I see it as a very positive improvement.