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  #1  
Old 09-09-2019, 11:29 AM
Acrophil Acrophil is offline
 
Join Date: Sep 2012
Location: GA
Posts: 47
Default Insurance Renewal

$293. Liability $1,000,000 / $100,000
$2109 Hull. $200,000 0$ deductible IM/NIM

$2402 Annual

Two named pilots
11,000 hr commercial with all the boxes checked. 150 in type
550 hr private with insrrument. 175 in type

These numbers make sense to the RV10 drivers?
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Bunch of others Sold
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  #2  
Old 09-09-2019, 12:21 PM
kkmarshall kkmarshall is offline
 
Join Date: Sep 2014
Location: Central Tx
Posts: 133
Default

Seems a bit high,just renewed 1,000,000.00/100,000.00, 180,000.00 hull
0 deductible nim/im, 1750.00 premium
2000 hrs total,375 in type,pp instrument
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Last edited by kkmarshall : 09-09-2019 at 01:14 PM.
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  #3  
Old 09-09-2019, 01:13 PM
midwest rv-10's Avatar
midwest rv-10 midwest rv-10 is offline
 
Join Date: Oct 2008
Location: Pleasant Prairie,Wisconsin
Posts: 65
Default Call the gals at Gallagher for a quote

Call Leah Ringeisen @ Gallagher
They get quotes from several insurance companies and let you pick what you feel is best for you. Having two pilots may also increase the premium. Mine was $1,600 for my -10 through them. I'm 1,500hr TT and 1,200hrs in the -10 with a fresh IR. Having the IR dropped the price $300!
direct: 877-520-6247 | fax: 636-532-3646
leah_ringeisen@ajg.com
www.ajg.com/lightaircraft | www.ajg.com
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  #4  
Old 09-09-2019, 02:18 PM
N40ES N40ES is offline
 
Join Date: Oct 2017
Location: Maryland Eastern Shore
Posts: 18
Default INS Premium on RV-10

I'm considerably Low time at 580 HR, 10 HR in recently purchased -10 with 2 named Pilots: $1 Mil Liability, $180K Hull = $2190 Premium on my RV10 thru ( Gallagher spell-check?)
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  #5  
Old 09-11-2019, 07:16 PM
tjyak50 tjyak50 is offline
 
Join Date: Oct 2007
Location: Phoenix, AZ
Posts: 70
Default

Pricing has been skyrocketing, especially on new policies and anything with any “hair” on it.

Most of these are quoted electronically as we all use basically the same quoting engines.

Stick it out a few years more and things should mellow out.

Tj
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Tom "Tj" Johnson, Owner (Cell: 602-628-2701)
Airpower Insurance, LLC (Experimental friendly*)
www.AirpowerInsurance.com
Phoenix, AZ
tj@airpowerinsurance.com

* IAR823, Based KDVT
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  #6  
Old 09-12-2019, 06:42 PM
Northernliving Northernliving is offline
 
Join Date: May 2005
Location: Boston, MA
Posts: 168
Default

Quote:
Originally Posted by tjyak50 View Post
Pricing has been skyrocketing, especially on new policies and anything with any “hair” on it.

Most of these are quoted electronically as we all use basically the same quoting engines.

Stick it out a few years more and things should mellow out.

Tj
I manage the insurance program for the company I work for and commercial property/caustically rates are all going up between 10-30%. For some reason the market is very tight right now. I renewed the insurance on my RV8 last month and it went up from $1264 in 2018 to $1396 in 2019. Up around 10%.
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  #7  
Old 09-13-2019, 05:40 AM
falcon900guy falcon900guy is offline
 
Join Date: Jan 2014
Location: Vero Beach
Posts: 102
Default

yeah, i got the sticker shock going from build insurance to flying insurance. was about 2400'ish dollars but had $250k hull. she said, don't worry because next year it will definitely go down. well, that wasn't so true and went up but can't imagine not getting the money i put in this airplane go down the drain if something were to happen. i was also told there is a huge difference in premiums over $200k and $250k scares insurance companies on an experimental. don't know if thats true, but i paid the premium on $250k hull.
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  #8  
Old 09-13-2019, 10:20 AM
Electrogunner Electrogunner is online now
 
Join Date: Aug 2016
Location: Quarryville ,pa
Posts: 442
Default

Quote:
Originally Posted by falcon900guy View Post
yeah, i got the sticker shock going from build insurance to flying insurance. was about 2400'ish dollars but had $250k hull. she said, don't worry because next year it will definitely go down. well, that wasn't so true and went up but can't imagine not getting the money i put in this airplane go down the drain if something were to happen. i was also told there is a huge difference in premiums over $200k and $250k scares insurance companies on an experimental. don't know if thats true, but i paid the premium on $250k hull.
Yeah, mine went up instead of down this year too.
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