Mailing List lml@lancaironline.net Message #50712
From: Craig Berland <cberland@systems3.net>
Sender: <marv@lancaironline.net>
Subject: [LML] Insurance
Date: Thu, 12 Mar 2009 19:30:04 -0400
To: <lml@lancaironline.net>

Craig,

 

I just talked to AVEMVO this last week.  They DO NOT insure any pressurized singles with any kind of policy.  The other Lancairs may be insurable, I did not ask.  One more thing, the AIG in-motion hull policy is 10% deductable.  For a $300,000 hull, it is $30,000 deductable.

 

Craig Berland

N7VG (1st Flight next month)

 

We recently renewed our liability policy with AIG.  I thought it might be of interest to the list.  My wife and I are both pilots and the first two years I was the only one listed on the policy.

For liability only, 1 mil/100k per person

Year        Amount          Requirement            #of pilots

2006       $825.00         Hpat certificate             1

2007       $494.00         Hpat certificate             1

2008       $519.00         Hpat certificate             2

2009       $928.00         Hpat certificate             2
                                   Lancair inspection 

Hull insurance was $14,500 for $300,000 hull insurance.  No thanks.
The the good news is that AIG is still writing liability only policies.  My understanding is that Avemco is insuring Lancairs as well.
Craig and Sandy Gainza
540hours Lancair IVP

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