Ray.R.Doerr(at)sprint.com
Guest
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 Posted: Tue Aug 01, 2006 5:34 am Post subject: Insurance and what I had to do to get coverage. |
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Once I had my RV-10 ready for first flight, I was only a 115 hour private pilot. I had 11 hours in my RV-9 (Constant speed) and 40 hour in a Cessna 175 with a 180 HP and constant speed prop and the rest in 150’s and 172’s. Also since my RV-9 had an off field landing because of Vapor Lock and flipped over, which totaled it, the insurance companies did not want to insure me. So what could I do? I had a couple of friends of mine fly off the 25 hrs. One way a 757 pilot and an examiner. The other was his son which flies A-10’s in the Air Force. Between the two of them they tagged teamed the 25 hour fly off. The insurance company did not require them to have time in type since they have flown many RV’s and aerobatic airplanes like a S2B Pitts. Once the 25 hrs were flown off, I started getting dual in my own RV-10 since from an insurance perspective, the test pilots were on the policy and are the Pilot in Command while I’m receiving dual. After 2 hours of dual with my examiner friend, he signed off my high performance. Now I was able to log PIC for each hour of dual I was receiving in my own plane. I logged 25 hrs this way, while the insurance company wanted my to have 200 – 250 total time and an Instrument Rating. At this point, I contacted a different broker to get quotes with my current 150 hours total time. He was able to get quotes from two companies, the quotes were high, but I was able to get them. And one was from the same company I was already with (AIG). So two different underwriters from AIG required different qualifications. So now I approached the underwriter at AIG explaining we were able to get quotes from two other companies along with one from Avemco. She finally came back the next day and said they would cover me as is and required me to have 15 hours of dual, which I now had 25+ and then had to have 10 hours solo before carrying passengers. I knocked those 10 hours of solo off Friday night and Saturday, then flew my whole family in it to Canada for a 2 week summer vacation, then to Oskosh 2006 for 3 days.
So I guess what I’m saying is don’t give up when it comes to insurance companies, possibly look at other brokers.
Thank You
Ray Doerr
40250
N519RV (Flying)
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