From: Sky2high@aol.com
Message-ID: <153.5925034.2947c569@aol.com>
Date: Tue, 11 Dec 2001 15:24:09 EST
Subject: Lancair Insurance
To: lancair.list@olsusa.com
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Reply-To: lancair.list@olsusa.com

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          <<  Lancair Builders' Mail List  >>
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To Dave Morss, thanks for dampening the irrational exuberance about the hi 
end possibilities of an aircraft "type" insurance association.  The best 
thing a small group of Lancair insurance interested parties could do is to 
investigate the details of the coverages and requirements of currently 
available insurance.  Compare the offering to the often berated and expensive 
AVEMCO coverage while keeping these facts in mind:

 AVEMCO's coverage and costs are directly related to membership in and use of 
the EAA.  To wit:

1.  EAA active members receive a nominal discount.

2.  If you use an EAA tech counselor for three inspections and an EAA flight 
advisor for an evaluation of your flight experience and for flight-test 
check-lists, AVEMCO will insure your first x hours and first 10 takeoffs and 
, of course, subsequent landings.

3.  AVEMCO may require you to receive 2 or 5 or more hours of dual in a like 
airplane depending on your experience (retractable, high performance, etc.).

4.  For each year you retain AVEMCO coverage, AVEMCO will (up to 3 yrs, I 
think) cover you for your liability after the sale of your aircraft.

5.  AVEMCO will give you the option of repairing your own airplane and pay 
you for it to boot.

6.  AVEMCO does not deal thru brokers.  Use the creative part of your mind 
for what that implies about locked quotes.    

Disclaimer - Those few items are from memory and may not be exactly accurate 
- check them out for yourself.  Those items listed above may be inaccurate, 
incomplete or completely wrong.  See your attorney, clergy, personal Guru or 
bartender for advice on your next step.

In the old days, AVEMCO had some ugly language about post certification major 
changes and, in fact, denied accidental collateral damage payment because an 
airplane was not airworthy because the FAA had not been notified of a fuel 
system change (major) because that notification was required in the pre- year 
2000 certificate "limitations".  EAA has had this changed - both with the 
FAA's certificate limitations and with AVEMCO's coverage language.  After 
all, that part of the EAA that still cares about Experimental aircraft has 
worked closely with both the FAA and AVEMCO on our behalf in many ways.

Maybe AVEMCO will not cover certain aircraft.  Maybe their premium is too 
high.  Maybe their liability coverage is too low.  Maybe the ownership and 
operation of an experimental aircraft requires some personal accountability 
and risks different than the secure certainty of coverage from womb to tomb 
and beyond that many have come to expect these days.

I have no interest in AVEMCO (other that my yearly premium).  I have their 
"pile of parts" coverage for my unbuilt Legacy.  On my 320, I have their 
inadequate liability coverage and "not in motion" coverage since I can't 
control the fuel truck backing into my airplane at some destination airport.  
I do not carry "in motion/flight" hull coverage any more since it is a fixed 
loss for which I have grown tired of making pre-payment bets on.   I 
especially stopped the in flight hull coverage when I owned 3 airplanes and 
couldn't get a deal on any combined coverage even though I was the only named 
pilot on all three.  At least my car insurance company recognizes discounts 
for safe operation and insuring more cars than drivers in the household.

If you got this far, thanks for bearing with the stream-of-conciousness of a 
flighty curmudgeon.

Scott Krueger
EAA Tech Counselor
N92EX
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LML website:   http://members.olsusa.com/mkaye/maillist.html
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Please remember that purchases from the Builders' Bookstore
assist with the management of the LML.

Please send your photos and drawings to marvkaye@olsusa.com.
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