Insurance Woes

Insurance and various paperwork needed for our planes
Jerry Eichenberger
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Location: Columbus, Ohio
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Insurance woes

Post by Jerry Eichenberger » Mon Jan 03, 2005 15:57

Sorry, I don't have a clue if or what California requires. I practice in Ohio.

The Feds don't have any insurance requirement for Part 91 operations.
Jerry A. Eichenberger
Columbus, Ohio
614-798-1600

pablo
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Location: Oklahoma City
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insurance woes and AAA

Post by pablo » Mon Jan 03, 2005 20:47

To all interested:
Become a member of Antique Airplane Association, Inc.
22001 Blue Grass Road
Ottumwa,IA 52501 641-938-2773
antiqueairfield@sirisonline.com FAX 641-938-2093

Once you are a member you may insure with:
Butler-Brown Insurance, Inc.
P.O.Box 410
Oskaloosa, IA 52577 1-800-934-7763
It has been very good for me.
Pablo

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shorty
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Location: 47A and JZP
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Post by shorty » Wed Jan 05, 2005 20:08

Thanx Pablo,
We flew up there for the fly-in back in 1979. It's a nice place. I guess they've still got a grass strip.

"Keep The antiques flying"
Thanx
Shorty

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joea
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Post by joea » Wed Jan 05, 2005 21:14

Several people asked where the breaks begin. It all depends on the insurance agent and company. I have a lot of taildragger time but the vast majority if it was 20 years ago in Chiefs, Champs and a Twin Beech and DC-3 or two. Not too many taildragger jets these days! :)

Told my insurance agent that I would get 10 hours of dual in a Sedan before buying my '47 Chief and they bought off on it. My full coverage insurance is around $750 a year.

Seem to remember that rates changed when you got 50 in type, 100 in type and finally 500 in type, and they really like to see 250 or even 500 tt before they relax with somone. That said if you establish a good personal relationship with a local insurance broker they might work a deal with you to reduce the costs after 1 year of claim free flying.

Agree that buying a Chief/Champ and building some time would be a very good route to do. Did the same thing with a old straight tail C-150 when I started flying in the '70s and it really helped getting qualified on insurance.

JoeA

Jerry Eichenberger
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Joined: Wed Nov 24, 2004 11:33
Location: Columbus, Ohio
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Insurance woes

Post by Jerry Eichenberger » Thu Jan 06, 2005 09:40

It really doesn't matter how recent your taildragger time is. Most insurance applications ask how many hours in tailwheels, not when.

I have about 2,000 tailwheel hours; most of it in the 1960s, then a spate in the 1980s when we owned a Cessna 170 for 4 years.

In 1999 I bought a Piper Pacer. When filling out the insurance application, no where did it ask when I had accumulated my tailwheel time; just how much I had.

My partner in that airplane is an ATP, with multiple jet type ratings, and is currently a G-IV captain. He has 15,000 hours total time, but when we got the Pacer, he had only 15 or so in tailwheel.

We got hammered on insurance premiums for the first 2 years, then they came down to normal, once he got 100 hours in the Pacer.
Jerry A. Eichenberger
Columbus, Ohio
614-798-1600

Khank33206

Post by Khank33206 » Sat Jan 08, 2005 10:19

I recently purchased a '38 Chief. I have 125 hrs all of it in a PA32-300, no tailwheel time. I have my son (student pilot, no hours) and myself on the policy. Premium is $1400. Deductible $100 in motion and not, with $1 mil combined limit, $100,00 medical/property dam.

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sedanpilot
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Location: Alaska
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Insurance costs

Post by sedanpilot » Thu Feb 10, 2005 02:48

Mark: My experience with insurance isn't all that bad. Our insurance has been dropping rapidly as I build tailwheel hours. There are also a lot of other things you can do to reduce the cost like the wings program and the King Risk management CD. The option of going naked is one that a lot of people in Alaska use, or go with just liability. A Sedan can be repaired relativly easily because the TC is help by Burl's aircraft rebuild and he has PMA on all the parts and can make most things. Some insurance companies don't know that, and depending on the agent, you may get someone that thinks the airplane will be really expensive to fix, even if that is not true.

The fuselage is simple and most competent A&P's can repair/rebuild them in the event anything happens. (as long as you have a data plate :wink: ) If you want a roomy docile four place airplane that is a blast to fly, a Sedan is a good choice. You can probably build time cheaper in a champ or citabria, although I have been amazed to see champs go for more than Sedans lately. I once heard that if you double the fuel cost, that is a fair approximation of what it costs to opperate an average GA airplane. I think the Sedan is probably cheaper than average due to the simplicity. I have never really checked the average myself and am not sure I really want to know. Good luck.

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