Matronics Email Lists :: View topic

Matronics Email Lists
Web Forum Interface to the Matronics Email Lists

Get Email Distribution Too! FAQ Search Memberlist Usergroups Register

Profile Log in to check your private messages Log in

Insuring your 801

Matronics Email Lists Forum Index -> Zenith-List

View previous topic :: View next topic

Author Message

Chris In Marshfield

Joined: 26 May 2006
Posts: 87

Posted: Fri Jun 16, 2006 5:31 am Post subject: Insuring your 801

Hi all,



I was pretty excited about potentially owning and building a CH801.  I had done all the research, looked at everything I can think of, and had decided that this was the plane for me.  Then I called the insurance company...



Avemco quoted me almost $5000/year for a $60K hull value!  How do you folks keep these planes in the air with those kinds of premiums?  It doesn't appear that the average builder of this plane has money growing from trees.



What kind of coverage do you carry on your bird?



Thanks and best regards,

Chris

_________________
Chris Owens
Waunakee, WI

n282rs(at)earthlink.net
Guest

Posted: Fri Jun 16, 2006 6:15 am Post subject: Insuring your 801

At $5K/ yr, Avemco is really telling you that they don't want to insure

your plane. Shop around as prices will vary wildly. Try Falcon or Skysmith. 



Randy Stout

n282rs"at"earthlink.net

www.geocities.com/r5t0ut21



 	  Quote: 	
		   [Original Message]

 From: Chris In Madison <cowens(at)cnw.com>

 To: <zenith-list(at)matronics.com>

 Date: 6/16/2006 8:42:40 AM

 Subject: Insuring your 801



 



 Hi all,



 I was pretty excited about potentially owning and building a CH801.  I

had done all the research, looked at everything I can think of, and had
	


decided that this was the plane for me.  Then I called the insurance

company...

 	  Quote: 	
		  

 Avemco quoted me almost $5000/year for a $60K hull value!  How do you

folks keep these planes in the air with those kinds of premiums?  It
	


doesn't appear that the average builder of this plane has money growing

from trees.

 	  Quote: 	
		  

 What kind of coverage do you carry on your bird?



 Thanks and best regards,

 Chris



 --------

 Chris Owens

 Still Dreaming of a CH801

 Waunakee, WI





 Read this topic online here:



 http://forums.matronics.com/viewtopic.php?p=41401#41401

tomtafcor(at)triton.net
Guest

Posted: Fri Jun 16, 2006 6:38 am Post subject: Insuring your 801

Chris:  Check with Falcon Ins. (EAA) We pay $2300 per year for our 801.

Rates are dependent on your experience also.



Tom Faulkner

N801TP

frank.hinde(at)hp.com
Guest

Posted: Fri Jun 16, 2006 6:38 am Post subject: Insuring your 801

Hi Chris,



That is a very steep premium, I pay about $1100 a year through the AOPA

(AIG) and I have found them to be the cheapest by far.



Two thoughts...1) What is your total experience and time in make and

model? This will make a big difference. If you have just gotten your

ticket you can expect a very high premium until you have a couple of

hundred hours under you. I had 70hours when I first insured the HDS and

my premium was double what it is now.



2) You have four seats. This means you (or your insurance company more

to the point) have THREE times the liability risk...HUH?...Well you the

pilot is not covered, only your passengers. This means you have the

potential to kill three people where I can only nail one of them...I

don't know how much of a cost driver this is but I bet its pretty

substantial.



What you can do is get onto AOPA and ask them to run a couple of

scenarios for you...Like if you have no hours how much will it be with

say 100 hours in type. The other option (maybe) is to build it as a two

seater (leave back seats out) and certify somehow you will only fly one

PX for the first year. That way you could get your airplane, build up

time and then insure it for the three PX operation later.



The other option is liability insurance only...Yes more risk for you but

much cheaper.



Anyway some thoughts for you.



Frank

HDS 400 hours 



--

Chris In Marshfield

Joined: 26 May 2006
Posts: 87

Posted: Fri Jun 16, 2006 8:02 am Post subject: Re: Insuring your 801

Hi all,



Thanks for your replies.  Very helpful indeed.



To clarify my situation a bit, I've not yet received my PPL, nor have I even started training yet (hopefully this Spring).  I've been doing a lot of investigative groundwork up to this point to determine whether flying is economically feasible for me or not.



So I thought I'd pick a plane that was closest to the C-172 I'd likely be training in and see how things compared.  In actuality, it seems like the C-182 is the closest to the CH-801 in load-carrying abilities.  Either way, a C-172 or C-182 would be roughly $1500-2000/year to insure even while still a student pilot.  That's why I'm a little shocked at the price difference considering their similarities.  I'll give Falcon a call as suggested.  I tried calling them earlier in the day, but it was before office hours.  



I don't have unrealistic expectations, however.  If I have to fly a certified airplane for a while before building my own, I'm fine with that.  I just didn't expect such a high premium!



Thanks and best regards,

Chris

_________________
Chris Owens
Waunakee, WI

craig(at)craigandjean.com
Guest

Posted: Fri Jun 16, 2006 8:21 am Post subject: Insuring your 801

I also believe the quote depends on the engine you choose - at least between

a commercial engine like the Jabiru or Rotax vs. an auto conversion. But

many people flying Corvair engines have gotten reasonable rates (not to say

you will be putting a Corvair on an 801).



-- Craig

frank.hinde(at)hp.com
Guest

Posted: Fri Jun 16, 2006 8:23 am Post subject: Insuring your 801

Call the AOPA they were cheaper than Falcon for me.



I don't think experimentals are inherently more expensive to insure than

certifieds...OK I take that back...Well known experimentals are treated

the same as a certified, that is Zeniths, RV's etc do not carry a

premium over say a Cessna...At least not with AIG...I was told this by

the lady at AOPA.



What you have to remember too is that you are trying to insure an

unknown quantity in flying a brand new airplane built by yourself.



Bottom line your premium will come way down after the first year and if

you factor in what you will have to pay your mechanic to service and

inspect your C172 skydog, even $5k in insurance I bet will look like a

good deal..



Frank 



--

Chris In Marshfield

Joined: 26 May 2006
Posts: 87

Posted: Fri Jun 16, 2006 8:46 am Post subject: Re: Insuring your 801

Interestingly, I called AOPA this morning, and they essentially said they wouldn't touch it, presumably, as you said, because they're dealing with  an unknown quantity (me, the non-pilot).



I did, however, just get off the phone with Falcon in Oshkosh, and Bob said (as expected) get my PPL first, accumulate 100 hours, then it would be more attainable.  He estimated about $2700/year with 100 hours flying and an EAA membership.  That's a bit more reasonable.  And, as you said, offset that with the maintenance cost difference, and it looks much better.



Thanks again for your insights 



Best regards,

Chris

_________________
Chris Owens
Waunakee, WI

armyret(at)mchsi.com
Guest

Posted: Fri Jun 16, 2006 9:36 am Post subject: Insuring your 801

Chris-  I Suggest you contact Gregg Ellsworth at gellsworth(at)AIR-PROS.com for 

a quote.  I did last year and was sure glad I did.  I also had a substantial 

claim which was handled with professionalism.  I am sure he will help you.

Regards,

Al Young

601XL

---

Chris In Marshfield

Joined: 26 May 2006
Posts: 87

Posted: Fri Jun 16, 2006 9:42 am Post subject: Re: Insuring your 801

Thanks for the tip, Al.  I'll be sure to do that 



Best regards,

Chris

_________________
Chris Owens
Waunakee, WI

Display posts from previous:

	Matronics Email Lists Forum Index -> Zenith-List	All times are GMT - 8 Hours
Page 1 of 1

Jump to:

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