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  #51  
Old 01-11-2017, 01:24 PM
BobTurner BobTurner is offline
 
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I can confirm that last summer Gallagher was able to get a quote for me for $1,000,000 CSL ("smooth", no sublimits) for $400 more than a $100K per passenger policy. IMHO an excellent bargain.
BTW, that's three passenger seats (-10) not just one.

Last edited by BobTurner : 01-11-2017 at 01:38 PM. Reason: Note added
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  #52  
Old 01-11-2017, 06:37 PM
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DonFromTX DonFromTX is offline
 
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I think I might find out what age does to rates in a day or so from Shanna. It is all in the perspective, I am proud to say I have been flying 46 years this week without ever an accident or claim. I bet Gallagher will tell that story differently by saying "you are almost 80 years old and that is too old to get a decent rate"
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  #53  
Old 01-11-2017, 08:36 PM
BobTurner BobTurner is offline
 
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Quote:
Originally Posted by DonFromTX View Post
I think I might find out what age does to rates in a day or so from Shanna. It is all in the perspective, I am proud to say I have been flying 46 years this week without ever an accident or claim. I bet Gallagher will tell that story differently by saying "you are almost 80 years old and that is too old to get a decent rate"
Actually I doubt you will hear that. While age discrimination certainly exists, most companies are careful not to say anything that might confirm it.
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  #54  
Old 01-12-2017, 07:38 AM
Shanna Linton Shanna Linton is offline
 
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Quote:
Originally Posted by RV8JD View Post
Shanna,

Thanks for the info. Approximately what is the age cutoff for the higher liability limits?
It really depends on the insurance company. Each insurance company has their own set of parameters on how they determine eligibility of quotes.

At renewal of my files I always check the market for the highest liability limit available.
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  #55  
Old 01-12-2017, 02:18 PM
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DonFromTX DonFromTX is offline
 
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They don't have to say it, just charge for it. Just got my quote from Shanna and with 46 years of accident/claim free flying, my rate is about exactly THREE TIMES the premium my friends with identical planes and even less experience pay! I can understand, and sure don't want THEM to pay higher rates because of my age. Old Republic, Global Aerospace, and AIG refuse to even sell me a policy!
I have not seen that in my friends, that us old guys are so accident prone, in general it seems the old guys actually fly less and have less exposure, and fall in the old saying about old safer pilots.. I guess some old geezers someplace are out there bending up airplanes at a pretty fast rate. I applied to AVEMCO since they were the only one left!

Quote:
Originally Posted by BobTurner View Post
Actually I doubt you will hear that. While age discrimination certainly exists, most companies are careful not to say anything that might confirm it.
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  #56  
Old 01-12-2017, 02:58 PM
BobTurner BobTurner is offline
 
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Don, before I jump to a conclusion, may I ask a question? Are you requesting insurance on a just-finished kit, for a specific model (e.g. -12) in which you have little time-in-type? If the answer is yes, then that is the issue. For my first year of flying the -10, I had few options, and my premiums were about 3x what they are now. Insurers will tell you that those first 50 hours have a statistically higher risk of a loss. Low time in type has a statistically higher risk too.
Edit. I see in your by-line that you have an automotive engine? Insurers don't like that either.
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  #57  
Old 01-12-2017, 04:42 PM
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DonFromTX DonFromTX is offline
 
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Yep, just finished kit, still need transition training and a BFR before I fly, Viking aircraft engine, which is essentially an auto conversion.
I was comparing my rate to my friends, who also have the same configuration of engine and plane and experience. Only difference is that I am double or more their age and have more flying experience!
I was going to ask Shanna if in her experience, after I have several years flying it with no claims, if they would go up cause I am even older, or down because of experience. That is an unknown.
To be truthful, it is rather depressing, makes me consider if I am that accident prone, maybe I should just sell it and hang up my license. I flew my own plane for many years with NO insurance, and maybe that is a best choice as well.
Quote:
Originally Posted by BobTurner View Post
Don, before I jump to a conclusion, may I ask a question? Are you requesting insurance on a just-finished kit, for a specific model (e.g. -12) in which you have little time-in-type? If the answer is yes, then that is the issue. For my first year of flying the -10, I had few options, and my premiums were about 3x what they are now. Insurers will tell you that those first 50 hours have a statistically higher risk of a loss. Low time in type has a statistically higher risk too.
Edit. I see in your by-line that you have an automotive engine? Insurers don't like that either.
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Last edited by DonFromTX : 01-12-2017 at 05:06 PM.
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  #58  
Old 01-12-2017, 06:01 PM
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strahler13 strahler13 is offline
 
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I have been using Gallagher, nee Nation Air, for the 13 years or so that I've had my RV. From my experience, any inquiry has been answered within 24 hours, I have received a listing of competing quotes to choose from upon renewal and my rates have been lower than previous years with the same hull value. Excellent service in my opinion.

For crying out loud...they graciously host the Wednesday night party at OSH and allow Dan's shindig there too. They have earned my business.
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  #59  
Old 01-12-2017, 11:50 PM
BobTurner BobTurner is offline
 
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Quote:
Originally Posted by DonFromTX View Post
Yep, just finished kit, still need transition training and a BFR before I fly, Viking aircraft engine, which is essentially an auto conversion.
I was comparing my rate to my friends, who also have the same configuration of engine and plane and experience. Only difference is that I am double or more their age and have more flying experience!
I was going to ask Shanna if in her experience, after I have several years flying it with no claims, if they would go up cause I am even older, or down because of experience. That is an unknown.
Don, the cards are stacked against you. You need a Flight Review (née BFR)? That suggests that you have zero PIC time in the last week? Month? 3 months? Insurance companies do not like that. You say your friends have the same experience as you, but that cannot be true. You have zero time in type, they do not. That is a big deal for the insurance companies. After 1 year/100 hours in type you can expect a much better quote.
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  #60  
Old 01-13-2017, 08:02 AM
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DonFromTX DonFromTX is offline
 
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You might be partially correct, but my friends had zero time in type and no BFR either, just were a LOT younger. I am not sure what "time in type" actually means, I put zero for PIC in an RV12, however I have hundreds of hours in a Cherokee, same "type" of single engine tri gear land plane, maybe I was wrong there. I have been at the controls of three other RV12s, but not logged.
I just might see how this works. In a couple of weeks, and before I fly mine, I will have a BFR and probably over 5 hours instruction in an RV12. Wonder how much my rates would go down then? (insurance quote only required 1 hour with instructor in an RV12 from one insurer, the other only required a checkout in an RV12)
Looking at it with a very open mind, AGE seems to be the only real cost determining factor so far.
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