Hello all,
Thought I would throw this up onto the alter and see what comes back.
Just got off the phone with a insurance person about figurative rates for a finished 9(?). I am a low timer with 0.0 tale dragger time. The reason for my call was to fold: 1) to get an idea of what the initial cost would be to insure the RV, and 2) to see what the cost difference would be between tripod and tail draggers.
Findings:
9 @ 75k + 1 mil damage = $2700 per year
9A @ 75K + 1 mil damage= $2200 per year
First of all, I don't want to appear cheap. And, I have always argued that building is the fastest way to overall savings in owning an airplane. But I must say, this was very aggrivating to hear. (it was a recomended company off the EAA site)
This really caused me to think more deeply about the idea of insurance. This could concievably be a deal breaker for me.
So I thought I would ask around to see if this sounds par for the course. Further, are there any RVers out there who skip the insurance part until they build hours or just skip it all together? I'm not sure anymore if I want to pay several hundreds of dollars per month whether I fly or not before any other expense incurred. I would love to hear anyone's thoughts on this matter. I'll consider this feild research.
Best,
E.
Thought I would throw this up onto the alter and see what comes back.
Just got off the phone with a insurance person about figurative rates for a finished 9(?). I am a low timer with 0.0 tale dragger time. The reason for my call was to fold: 1) to get an idea of what the initial cost would be to insure the RV, and 2) to see what the cost difference would be between tripod and tail draggers.
Findings:
9 @ 75k + 1 mil damage = $2700 per year
9A @ 75K + 1 mil damage= $2200 per year
First of all, I don't want to appear cheap. And, I have always argued that building is the fastest way to overall savings in owning an airplane. But I must say, this was very aggrivating to hear. (it was a recomended company off the EAA site)
This really caused me to think more deeply about the idea of insurance. This could concievably be a deal breaker for me.
So I thought I would ask around to see if this sounds par for the course. Further, are there any RVers out there who skip the insurance part until they build hours or just skip it all together? I'm not sure anymore if I want to pay several hundreds of dollars per month whether I fly or not before any other expense incurred. I would love to hear anyone's thoughts on this matter. I'll consider this feild research.
Best,
E.
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