Insurance renewal

got my renewal on my policy, went up over $100 to $950

So I figured let me try someone else just to compare, even though I’ve been using the same broker for 30 years.

i have over 1,000  hours, 350 in my 601XLB hangared.

avemco quoted me over $3000!

i forgot to ask if they gave me my AOPA discount!

Guess I’m sticking with my broker.

Dave

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Replies to This Discussion

Permalink Reply by Jimmy Young on October 26, 2019 at 4:20am

Full hull coverage, or liability only? If full hull, I’d say you have a super good deal.

Permalink Reply by David Krakowsky on October 26, 2019 at 10:58am

Full coverage

40 k valuation

great broker

Wenk insurance

chicago area

Dave

Permalink Reply by Scott Miller on October 26, 2019 at 7:43am

I was told by my insurer that there are less companies in the market so less competition leads to price increases...for everyone.

Permalink Reply by Bob Pustell on October 26, 2019 at 7:53pm

A friend just sent me an interesting discussion the other day. It is from an insurance trade publication and discusses why the aviation insurance market is ticking up a bit in cost after almost a decade of staying flat or even decreasing slightly. We have enjoyed a nice run of low cost insurance but that run might be coming to an end. I will attempt to attach the PDF of the discussion.

Attachments:
Permalink Reply by David Krakowsky on October 26, 2019 at 9:24pm

Thanks for the info

Permalink Reply by Sebastien Heintz on October 28, 2019 at 10:07am

Interesting article. Thanks for sharing

Permalink Reply by Brad Payne on October 28, 2019 at 6:43pm

Avemco was who I used as a renter, but when I finished my 701 and contacted them, they wanted $4000 a year for full coverage!  (40k evaluation as well, but I am a much lower time pilot)

I want to talk to your broker!

Permalink Reply by Bob Pustell on October 30, 2019 at 10:16pm

I use Falcon Aircraft Insurance. They are the broker recommended by the EAA and have done very well by me. I currently have multiple planes insured through them and they seem to find the best companies for me consistently. Most years we stick with the same carriers but now and then they recommend a new carrier because the one we've been with has gotten out of line. And they shop based on the plane, sometimes they find a better deal with one carrier for one plane and another for the other plane. They clearly work for their business.

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