Zenith Aircraft Builders and Flyers
Online Community of Zenith Builders and Flyers
Insurance...
My brother just got an insurance quote for the coming year on out ch 801 for 5 amu's... This seems ludicrous to me as I was around $1400/year on my 55 beech V before I sold it two weeks ago.
Replies to This Discussion
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Permalink Reply by Bob Simmons on
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What's 5 amu's?
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Permalink Reply by Jim and Amelia Isaacs on
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$1,000 = 1 Aircraft Monetary Unit. AMU joins other slang or abbreviations for dollars x one thousand such as G and K but as a specific aviation reference.
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Permalink Reply by Guy Zindel on
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Yup 5k.
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Ouch. Did the agent explain why so much?
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He just dropped it like a hot dog turd
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Never heard that before. When I was in the Air Force, AMU meant something else entirely.
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Amu is an old term in the beech community where the guys try to minimize the perceived expense of mods etc.... Kind of a joke as well. Also an inside joke if your wife doesn't know what it means. You can talk about the expense in front of a potentially irritated individual without them knowing....
Similar to the sign in the harley dealership that says you can get a reciept for what you told your wife it cost for $20.
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Gotta love them Harley dealers. Had a gun dealer say once that's why all Glocks look alike, so your wife can't tell when you buy a new one.
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Permalink Reply by Peter Eiberger on
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Avemco quoted me over $3400 for in-motion on my Cruzer. I was paying under $900 for the same coverage on a C150.
According to the underwriter, most experimental owners today are not the builder of the aircraft. When something happens, they have to find an A&P willing to work on experimentals to do the repairs, which is incredibly difficult/expensive apparently.
Increased risk + increased cost of repair = increased premiums
From my research, most experimental owners carry liability only, if any insurance. Given the above, no wonder.
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We're all getting hosed...sorry. it's not bad enough the current admin is on the warpath against ga too...
Letsggggggg... oops sorry. What meant to say was God bless us every one.
$2257.00 .... quoted bagged and bound. As of Friday we pulled the trigger so I seriously hope we're good .
However here's the idiotic facet of the drama.
The underwriter stipulated we, my brother and I take 2 hours of dual with a cfi..... whisky tango? Seriously?
How? Never mind I’m a 1000hr + pilot with a commercial ticket, in Cessnas, tripacers and bonanza's and glider tugs... my brother is a solid fixed and rotor turbine and recip pilot... holy cow...how am I supposed to find an 801 cfi...? I've been looking for a year. All this for an airplane that doesn't fly close to the speed of a beech and 30+ mph slower than a 182 on final.... I guess I'll take the policy and hope my cfi gets approved...
Pretty sure underwriters aren't know crap bout aviationers.... Pretty good at grab a$$ though...
All for this ugly little duckling..
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Who did you end up insuring with?
I ran into a similar issue on 2 hours: the policy is $0 pay-out for anything until I log 2 flight hours in a Cruzer, they did not stipulate a CFI though, an EAA flight advisor or someone willing to let me fly their plane would work.
I asked if having the repairman certificate for the aircraft would qualify for a discount: no.
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I went with Bryan he's with cbi insurance... I do not know who the carrier is.
Bryan 801 668 3694.
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