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Story I got is that AIG was waffling about insuring the
virtually uninsurable IV-PT, although all the recips were no problem.
Someone at Lancair wanted to assure AIG that these rockets are well
built and flown by trained pilots and so suggested the additional
layers of inspection and training (perhaps a smart idea so far). Then
it gets murky. Either AIG then said that this is such a clever idea
that it should be applied to all those "dangerous" Lancairs, or Lancair
said that this could turn into a revenue stream for training, initial
inspection, yearly conditionals, etc. In the end the result was the
same: last month AIG said that these restrictions are being written
into new policies.
I know about Pete Zaccagnino, Mel,
etc. and have already signed up for their initial training course
(ground school next month is in Napa - nice choice!) But besides this
talented crew - who else is a factory approved instructor? And as for
inspectors, who ya gonna call? I will ask the factory, but what about
the guys building in Florida or Connecticut or Illinois? Pay to fly an
inspector in? And how long to schedule? What will it cost? How many inspectors are
approved now?
I've heard that so far only AIG is on this bandwagon. They gave me a
budgetary quote 4 months ago without these restrictions. I'll be
interested to see the actual numbers and verbiage when I get the final
quote in November. And if AIG demands it now, how long before the
others fall in line?
BTW - Lancair contacted me today and said that the Katrina aftermath
has broken some lines of communication within Lancair and with AIG.
Perhaps in December as the hurricane season winds down we'll learn
more.
Robert M. Simon, ES-P N301ES
GilliamDL@aol.com wrote:
Is AIG the only company requiring this?
These inspections are now mandatory? By Lancair?
Dave Gilliam
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