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Date: Mon, 04 May 2009 20:59:09 -0400
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From: Charlie Kohler <charliekohler@yahoo.com>
Subject: Fw: Lancair IV-IVP  Insurance
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----- Forwarded Message ----=0AFrom: Jon R. Harden <jharden@AIR-PROS.com>=
=0ATo: Charlie Kohler <charliekohler@yahoo.com>=0ASent: Monday, May 4, 2009=
 2:14:39 PM=0ASubject: Lancair IV-IVP Insurance=0A=0ACharlie:=0AAs you know=
, one of our new underwriting companies, XL Specialty, showed an=0Ainterest=
 in writing Lancair IV and IVP for us and in fact we did write a few=0Awith=
 them. However, they did not fully understand the risks they were=0Aunderwr=
iting (the specific make and model Lancair aircraft) and were not=0Aprepare=
d for the onslaught of business that suddenly came to them. As a=0Aresult, =
after their internal discussions and review, they have decided not=0Ato con=
tinue writing Experimental Lancair aircraft at this time.=A0 Although=0Abot=
h of us have been working diligently on trying to get more insurance=0Aopti=
ons available for Lancair owners, this one did not work out as we had=0Ahop=
ed. The good news is that with your efforts we now have Aerospace=0AInsuran=
ce Managers offering terms to many Lancair owners. With both AIG (now=0AAIU=
 Holdings) and Aerospace Insurance Managers in the Lancair insurance=0Amark=
et, owners still have viable insurance coverage available. I am very=0Ahope=
ful that we may eventually be able to interest other underwriting=0Acompani=
es to look at writing Lancairs as well.=A0 Thanks again for your=0Aefforts =
and support!=0A=0AJon Harden=0AAviation Insurance Resources=0A=0Aph=A0 301.=
682.6200=0Afax 301.682.9793=0Aemail:=A0 jharden@AIR-PROS.com=0Awww.AIR-PROS=
.com=0A=0A**=A0 We now offer Pilot Life Insurance with no aviation exclusio=
ns.=A0 Please=0Acontact us for more information. **=0A=0A=0A---------------=
---------------------------------------------------------------------------=
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----=0A=A0=0AHere's the way I interpret all this.=0A=A0=0AAIG is nearly dou=
bling the rates (I was quoted $12,500" and has established "requirements" o=
n policyholders. Tied to HPAT=A0for flight training and Lancair Maintenance=
 for inspections. They are considering pulling out of the Lancair market en=
tirely. =0A=A0=0AAerospace is writing policies for Lancair's at about one t=
hird less (I was quoted $10,000) than AIG. However, they have a high deduct=
ible ($30000). They have a reasonable/ no requirements. =0A=A0=0AXL Special=
ly was only in the market for two or three days. Good rates/low deductibles=
 and no requirements. It's a shame we couldn't keep them. Jon's letter tell=
s why.