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For those of you who don't get the AOPA news letter...

AOPAIA FINDS INSURANCE FOR HOMEBUILT OWNERS
Homebuilt aircraft owners were shocked last week when Avemco
(which is a direct insurer, not an insurance agency) suddenly
issued a moratorium on policies for higher performance homebuilt
and experimental aircraft. The company reportedly will no longer
write new policies for aircraft with retractable gear, more than
200 horsepower, more than $200,000 in value, or capable of
cruising faster than 180 knots. But the AOPA Insurance Agency
(AOPAIA) has identified a number of companies willing to write
such insurance. "Sadly, we can't help everybody. There are some
risks the insurance companies are unwilling to cover," said
AOPA President Phil Boyer. AOPAIA has established a special
"Experimental Desk," staffed by experienced agent Silka Bulleigh.
Call 800/622-2672, extension 127, or see AOPA Online
( http://www.aopa.org/whatsnew/newsitems/2002/02-1-158.html ).


Ed McCauley
Milford, NJ
Lancair IV-P -23.493 +/- 30% Complete

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