You, know the bottom line is the bottom
line.
When AIG can make money on our insurance
premiums, the premium will come down. They do need to make money to be in the
business and as along as we are willing to kill ourselves on our aircraft, they
can’t make a profit.
We do not have a right to cheap insurance,
it has to be earned…..I don’t know what you are complaining about.
We have folks that have been grossly irresponsible and incompetent and we are
now paying the price.
It’s economics, plain and simple.
One of the things HPAT has discovered is
there are some pilots out there that think they don’t need training, and
they can’t stand sitting next to an instructor telling them they are
doing something wrong. I hope this mentality begins to diminish, it would save
lives and dollars…
Kevin
From: Lancair Mailing
List [mailto:lml@lancaironline.net] On Behalf
Of PTACKABURY@aol.com
Sent: 2009-03-28 19:36
To: lml@lancaironline.net
Subject: [LML] Re: Insurance
Finally someone else has stated the
obvious: To wit: Taking credit for engaging an insurance company to
insure our aircraft who has no interest in same and is demonstrating their
actual intent by establishing ever more obnoxious annual requirements does not
merit hero status!! In fact it starts us down a road of insurance company
dictated pilot and builder requirements beyond the fed's standards, established
by years of negotiation by EAA, AOPA, the GA community and aviation in
general. Additionally one size fits all training by ONE individual is
clearly not sufficient to get the job done. I find it all a grand
disservice to the many of us who have sent mega bucks to Redmond--at least we
deserve more than self serving speak on this subject. Fortunately my LIV
(no P) is eligible for liability from AVEMCO so I do not have to deal with the
Bartells/HPAT/AIG cabal. I wish the LIVP/LIVPT flyers were granted a
similar choice.
paul, N94PT--winning races and going
strong with dual LSE ignitions!
In a message dated 3/26/2009 5:14:48 P.M.
Pacific Daylight Time, charliekohler@yahoo.com writes:
I have bad news and good news.
I received the bad news in the form of my AIG renewal quote. It was $12,000
(4%) for $300,000 hull coverage with a $50,000 deductible (in motion).
And with the standard $1 million liability and $100,000 a seat.
I have over 30,000 hours, no accidents, no incidents, no violations, no gear
ups, no claims, no nothing. Many thousands of hours in Lancair IV's. I
would be crying but for the fact I have good news.
The good news. I'm going to save a lot of money this year (I hope). Not only
will I be saving $12,000 minus the liability premium, I will not be
participating in the Lancair in-house inspections and HPAT check rides.
I will just have to be governed by the Federal Aviation Administration's
woefully lame directives (I guess thats what AIG thinks)-- such as a part 43
Appdx D "Condition Inspection" and " instrument recurrency"
and all the part 61 currency items.
So instead of being checked by Tim W., and the HPAT instructors, I will have
the ability to choose whoever I see as most qualified and available to
administer these checks.
(Do they really think it's practical to fly a Lancair from Florida
to Oregon and
wait around in motels for over a week while they do their inspection? And
then fly back home? When qualified pilot instructors and mechanics are
nearby?
Do you think this will seal my doom? Really??
Re; AIG. I believe AIG has been neutered by it's stupidity over the bonuses and
their mortgage insurance. The hammering by the media and public have pummelled
the leadership to a pulp. I seriously doubt if they will be able to rationally
discuss a reasonable Inspection, training, and rate structure for a airplane
like the Lancair for quite awhile.
You know, I don't believe I care. When I see the numbers, the annual
bonuses, and the high risk policies (on mortgages) they took on, I think the
Lancair community is taking a lot of heat that it does not deserve.
You know I think it comes down to being penny wise and pound foolish. And
we're the pennies being charged way too many pounds for the foolish few.
Charlie K.
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