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<< Lancair Builders' Mail List >>
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I recently purchased, from the original builder, a 1996 Lancair IVP with
300 total hours. I have owned two Glasair IRGs and at the time of the
Lancair purchase owned a Glasair IRG insured with AVEMCO and a pressurized
Cessna 340 insured with another insurance company. I have 3,000 hours with a
commercial pilot, airplane single engine and multiengine land, instrument
airplane and rotorcraft-helicopter rating. Three months prior to the
purchase of the Lancair IVP I completed a one week course at SIMCOM on the
Cessna 340.
I applied to AVEMCO to insure the Lancair IVP with $280,000 hull value. They
quoted about $12,000 annual with $25,000 deductible in motion. What a shock!
Fortunately, I heard about Travers & Associates in St. Louis, MO (John
Travers 800-888-9859). They fixed me up with USAIG at $6,300 annually and
threw in my Glasair IRG for an additional $1,400 (AVEMCO Glasair premium was
$2,300 annually). The Lancair IVP in motion deductible is only $250 (100
times less than AVEMCO).
Obviously, our pilot experience is different and you probably will have to
pay a little more for similar coverage.
I feel that the Lancair IVP is a safe single engine aircraft with excellent
handling and landing characteristics; apparently Travers & Associates have
been able to educate insurance underwriters on this point. AVEMCO seriously
needs competition in the experimental aircraft insurance market.
John Lasher
N411WB
-----Original Message-----
From: Marvin Kaye <marvkaye@olsusa.com>
To: lancair.list@olsusa.com <lancair.list@olsusa.com>
Date: Saturday, August 14, 1999 9:42 PM
Subject: LIV insurance
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> << Lancair Builders' Mail List >>
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>Posted for Rsense3610@aol.com:
>
>During OSH I had the opportunity to test fly the LIV and it was great as
>expected. Continuing with my search of various experimental options, I was
>inquiring about insurance for the LIV and the AOPA booth insurance would
>NOT insure the LIV. I am a pilot with approx. 400 hrs total and 250
>retract with no accidents and I was not expecting this. This same
>rejection was received at another insurance booth.
>
>What are the names of insurance co's that are writing LIV policies?
>
>Please advise.
>Rick
>
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>LML homepage: http://www.olsusa.com/Users/Mkaye/maillist.html
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LML homepage: http://www.olsusa.com/Users/Mkaye/maillist.html
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