X-Virus-Scanned: clean according to Sophos on Logan.com Return-Path: Sender: To: lml@lancaironline.net Date: Wed, 09 Jun 2010 13:13:47 -0400 Message-ID: X-Original-Return-Path: Received: from mail.hardyaviationins.com ([65.23.22.138] verified) by logan.com (CommuniGate Pro SMTP 5.3.7) with ESMTP id 4341488 for lml@lancaironline.net; Wed, 09 Jun 2010 10:14:32 -0400 Received-SPF: none receiver=logan.com; client-ip=65.23.22.138; envelope-from=Tim@HardyAviationIns.com Content-class: urn:content-classes:message MIME-Version: 1.0 Content-Type: multipart/alternative; boundary="----_=_NextPart_001_01CB07DD.FDBED72B" Subject: RE: [LML] Anybody have any experience with insurnance through Aggressive Aviation? X-MimeOLE: Produced By Microsoft Exchange V6.5 X-Original-Date: Wed, 9 Jun 2010 09:13:52 -0500 X-Original-Message-ID: <227766E4DE9BC54AA3C08DCDC23DFE2DE7BBE1@sbserver> In-Reply-To: X-MS-Has-Attach: X-MS-TNEF-Correlator: Thread-Topic: [LML] Anybody have any experience with insurnance through Aggressive Aviation? Thread-Index: AcsH3f1Xb6fk1FwmRpGRTl2QJeME9w== References: From: "Tim Wiebe" X-Original-To: "Art Jensen" , This is a multi-part message in MIME format. ------_=_NextPart_001_01CB07DD.FDBED72B Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: quoted-printable Aggressive insurance is a new company that really just got established a year to year and a half ago. We are just now researching going into contract with them. We don't believe in starting with new companies until they have proven themselves in the market over the last 3 years there has been many aviation insurance markets show up and disappear. When this happens It posses a large problem in the industry. We have people that are very happy and upset when they get a quote for half the price they have been paying. They are happy that it is a much better price, but they are upset because they feel the other company has been charging them too much. Usually the first year is not so bad until the bean counters get involved and see they need more beans. So at renewal their reinsurance company wants out or forces them into raising their rates. When this happens they usually go overboard and double their rates instead of trying to slowly get them back into ball game with the rest of the companies that knew what they were facing in the first place. So now that the rates went sky high they usually lose all their renewal business because there is a better option out there, when this happens the insurance company folds because they have nothing left.=20 =20 As Art said there are a lot of variables with the lancair market, and everyone has seen them get tighter and tighter for underwriting. In the aviation world there is no apples to apples comparison. If a company comes and decides to blow the other company out of the water with super low rates they are not going to fight to keep a book of business that has shown a loss for them for sometime but they were wanting to provide a place to put coverage if needed.. and yes that could be at a premium, but it is coverage. If that company now sees there are other options they can say ok well we no longer need to provide that service so they drop it all together and now your down to one company that will write your coverage that is never a good thing competition is key. =20 Lancairs can be a very profitable business for the insurance company and a great aircraft for owner operators. The key to this happening is through continues training, safety, quality builds, preventive and progressive maintenance. As we were all taught when we were learning to fly, number 1 thing to do is fly the airplane.=20 =20 Remember every insurance company has its pro and cons but make sure you tell your agent what your full plans are with the aircraft. sometimes some insurance companies are easier to work with on things then the others, you may pay a little more for it but it could be more beneficial in the end.=20 =20 Thanks, =20 Tim Wiebe Hardy Aviation Insurance P: 316-945-6733 F: 316-945-2330 =20 From: Art Jensen [mailto:flycassutts@yahoo.com]=20 Sent: Tuesday, June 08, 2010 8:32 PM To: lml@lancaironline.net Subject: Re: [LML] Anybody have any experience with insurnance through Aggressive Aviation? =20 Jay, =20 I am insured through Regal Aviation Insurance. Specialty Aviation Underwriters carries this policy. I have $285,000 hull with the liability limit for $1,000,000/occurrence subject to $1000,000/passenger. Medical pay of $3,000/person is included. The deductible is $250 for not-in-motion and $2500 for in-motion losses. My premium is $5,195. I am insuring a Lancair Legacy RG. Of course time in type as well as total hours also comes into play. I have around 300 hours in type and around 1800 hours total time, 300+ retractable. On my own I send information regarding any training I have received throughout the year whether this is on-line throught AOPA, safety courses at an FBO etc. as well as any recurrent training. I am considering lowering my hull value next year which will get me down in the $4000 premium range. Hope this helps however, I have no experience with Agressive. =20 Art Jensen =20 ________________________________ From: "jsabot@oxforditconsult.com" To: lml@lancaironline.net Sent: Tue, June 8, 2010 1:18:36 PM Subject: [LML] Anybody have any experience with insurnance through Aggressive Aviation? =20 Renewal of my AIG Policy on my Legacy is approaching and the quote I received was near $7,000 for a hull value of $230,000. I really dont feel like having a part in the bail out of AIG, so asked my agent to look elsewhere.=20 =20 They got me a quote from Aggressive (www.aggressiveaviation.com .) that is in the low $4,000 range and could go below that if I reduce my hull value to $200,000. =20 My agent has no experience with Aggressive but did say that they have an "A" rating. =20 Can anyone here relay any experiences or information on this company? =20 Thanks folks, =20 Jay M. Sabot Ley N26XY =20 -------- Original Message -------- Subject: [LML] Re: Anatomy of a hydraulic failure From: Terrence O'Neill Date: Mon, June 07, 2010 1:24 pm To: lml@lancaironline.net =09 Good info. Thanks. Terrence N211AL L235/320 On Jun 7, 2010, at 5:32 AM, marv@lancair.net wrote: =09 =09 -- For archives and unsub http://mail.lancaironline.net:81/lists/lml/List.html -- For archives and unsub http://mail.lancaironline.net:81/lists/lml/List.html =20 ------_=_NextPart_001_01CB07DD.FDBED72B Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable

Aggressive insurance is a new company that really just = got established a year to year and a half ago.  We are just now = researching going into contract with them. We don’t believe in starting with = new companies until they have proven themselves in the market over the last = 3 years there has been many aviation insurance markets show up and disappear. = When this happens It posses a large problem in the industry.  We have people = that are very happy and upset when they get a quote for half the price they = have been paying. They are happy that it is a much better price, but they are = upset because they feel the other company has been charging them too much. = Usually the first year is not so bad until the bean counters get involved and see = they need more beans. So at renewal their reinsurance company wants out or forces = them into raising their rates. When this happens they usually go overboard = and double their rates instead of trying to slowly get them back into ball = game with the rest of the companies that knew what they were facing in the = first place. So now that the rates went sky high they usually lose all their = renewal business because there is a better option out there, when this happens = the insurance company folds because they have nothing left. =

 

As Art said there are a lot of variables with the = lancair market, and everyone has seen them get tighter and tighter for = underwriting. In the aviation world there is no apples to apples comparison.  If a = company comes and decides to blow the other company out of the water with super = low rates they are not going to fight to keep a book of business that has = shown a loss for them for sometime but they were wanting to provide a place to = put coverage if needed.. and yes that could be at a premium, but it is coverage.  If that company now sees there are other options they = can say ok well we no longer need to provide that service so they drop it all = together and now your down to one company that will write your coverage that is = never a good thing competition is key.

 

Lancairs can be a very profitable business for the = insurance company and a great aircraft for owner operators. The key to this happening is = through continues training, safety, quality builds, preventive and progressive = maintenance. As we were all taught when we were learning to fly, number 1 thing to do is = fly the airplane.

 

Remember every insurance company has its pro and cons but = make sure you tell your agent what your full plans are with the aircraft. = sometimes some insurance companies are easier to work with on things then the = others, you may pay a little more for it but it could be more beneficial in the end. =

 

Thanks,

 

Tim Wiebe

Hardy Aviation Insurance

P: 316-945-6733   F: = 316-945-2330

 

From:= Art Jensen [mailto:flycassutts@yahoo.com]
Sent: Tuesday, June 08, 2010 8:32 PM
To: lml@lancaironline.net
Subject: Re: [LML] Anybody have any experience with insurnance = through Aggressive Aviation?

 

Jay,

 

I am insured through Regal Aviation = Insurance.  Specialty Aviation Underwriters carries this policy.  I have $285,000 hull = with the liability limit for $1,000,000/occurrence subject to = $1000,000/passenger.  Medical pay of $3,000/person is included.  The deductible is $250 = for not-in-motion and $2500 for in-motion losses.  My premium is = $5,195.  I am insuring a Lancair Legacy RG.  Of course time in type as well as total hours also comes into play.  I have around 300 hours = in type and around 1800 hours total time, 300+ retractable.  On my = own I send information regarding any training I have received throughout the year = whether this is on-line throught AOPA, safety courses at an FBO etc. as well as = any recurrent training. I am considering lowering my hull value next = year which will get me down in the $4000 premium range.  Hope this helps however, I have no experience with Agressive.

 

Art Jensen

 

From: = "jsabot@oxforditconsult.com" <jsabot@oxforditconsult.com>
To: lml@lancaironline.net
Sent: Tue, June 8, 2010 1:18:36 PM
Subject: [LML] Anybody have any experience with insurnance = through Aggressive Aviation?

 

Renewal of my AIG Policy on my Legacy is approaching and = the quote I received was near $7,000 for a hull value of $230,000.  I really = dont feel like having a part in the bail out of AIG, so asked my agent to = look elsewhere.

 

They got me a quote  from Aggressive (www.aggressiveaviation.com.<= span style=3D'font-size:10.0pt;font-family:"Verdana","sans-serif";color:black'= >)  that is in the low $4,000 range and could go below that if I reduce my = hull value to $200,000.

 

My agent has no experience with Aggressive but did say that = they have an "A" rating.

 

Can anyone here relay any experiences or information on = this company?

 

Thanks folks,

 

Jay M. Sabot

Ley N26XY

 

-------- Original Message --------
Subject: [LML] Re: Anatomy of a hydraulic failure
From: Terrence O'Neill <troneill@charter.net>
Date: Mon, June 07, 2010 1:24 pm
To: lml@lancaironline.net

Good info. Thanks.
Terrence
N211AL L235/320
On Jun 7, 2010, at 5:32 AM, marv@lancair.net wrote:


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