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Several weeks ago there was an inquiry concerning builder's insurance on the
Lancair IV. I posted my success with AON Risk, a group that has insured my
plane over the past three years. Two weeks ago I received my renewal packet
which indicated that AON RIsk had been purchased by AOPA Insurance. I
filled out the annual re-application and sent it on in. Much to my
surprise, I opened the mail today to find my insurance policy will be
cancelled, effective 2/99. "We no longer insure this model." Now remember,
this is just for builder's insurance.
Due to the many accidents/IV's flying, it appears that many insurers are
pulling away from this aircraft - AOPA, AVEMCO, NATIONAL and probably
others. This will leave us all in deep trouble unless a solution surfaces
soon. You might want to check with your companies to see if you're going to
be dropped at renewal time.
It's been a while since I've seen ideas passed around concerning this issue.
Anyone working on off shore plans, etc.? Has anyone got a list of companies
who will still insure this plane? What options are left at this point in
time? Help!
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