 |
Matronics Email Lists
Web Forum Interface to the Matronics Email Lists
|
| View previous topic :: View next topic |
| Author |
Message |
md11plt(at)sbcglobal.net
Guest
|
 Posted: Sat Sep 27, 2008 8:05 pm Post subject: Insurance questions...........again |
 |
|
Hello,
I am going to have someone finish up my project due to no time and
he is requiring builders insurance. This is a reasonable request and is
no problem. But I have only one quote for around $1700. Is this too
high? This also it does not cover having it towed to his place.
Anyone know of who and the cost ($100,000 hull for now) for builders
insurance. And maybe who now is doing flight insurance on the rocket.
After the last accident no one wants to cover them.
Brian Adams
Original HRII
| | - The Matronics Rocket-List Email Forum - | | | Use the List Feature Navigator to browse the many List utilities available such as the Email Subscriptions page, Archive Search & Download, 7-Day Browse, Chat, FAQ, Photoshare, and much more:
http://www.matronics.com/Navigator?Rocket-List |
|
|
|
| Back to top |
|
 |
jrstone(at)insightbb.com
Guest
|
| Posted: Sun Sep 28, 2008 5:29 am Post subject: Insurance questions...........again |
|
|
Brian,
That seems high, a work around might be to lower the insured amount if you
don't have avionics, engine and prop installed. With all or some of the big
items safely stored elsewhere, you could now insure the hull for what you
have in it, or a bit more. I paid a lot less and was adament about coverage
for the one time trip to the airport.
I just renewed with London. My agent said all others declined due to the
existing unsettled claim. I paid 4k my first year, and now am paying 3400
the second year for 120k hull value. The price would go up to 4k if I use
140 as the hull value.
Good luck trying to find someone to insure you and with your final stages in
getting your Rocket finished. I don't know what accident has ruined the
Harmon Rocket reputation but I would sure like to know.
BTW, I am a retired Navy Fighter guy, a UPS 757/767 Captain, and have in the
neighborhood of 8000 hours total with 150 time in type, with no mishaps are
claims. If the insurance companies are declining coverage with my
experience, I have to assume it's the airplane that is high risk not the
pilot. My buddy has an RV-4 and he pays 1400 per year but it is only work
half of a Rocket.
I suspect we may be at the point where you can only buy liability for new
policies.
BTW,I have a great agent who worked hard for me, his name Mike Pratt at
502-905-8747 mpratt(at)jmpinsurance.com
---
| | - The Matronics Rocket-List Email Forum - | | | Use the List Feature Navigator to browse the many List utilities available such as the Email Subscriptions page, Archive Search & Download, 7-Day Browse, Chat, FAQ, Photoshare, and much more:
http://www.matronics.com/Navigator?Rocket-List |
|
|
|
| Back to top |
|
|
|
|
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
You cannot attach files in this forum
You can download files in this forum
|
Powered by phpBB © 2001, 2005 phpBB Group
|
Get Email Distribution Too!
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
