O.K., now I’m spooked! Maybe I’ve got BIG trouble ahead.
Here’s a profile of at least one customer niche that Cirrus attracts:
–Low Total Time ( I’m about 90 hours, some in complex but not high-performance ).
–No accidents/events
–V.F.R. ( wish to become I.F.R. certified IN MY Cirrus ).
–Learned to fly some time ago; planning major refresher/instuction time prior to delivery
–Want to relearn in and fly a modern design, high-tech, SAFE aircraft. Wish to avoid me and/or my small children in a 20-40 year old tin-can type craft ( like WE ALL started in ! ). This is what is bringing some of us back to real planes instead of dreaming.
–Will travel to Seattle Wings Aloft ( or where ever) to get LOTS of time with CFI in rental Cirrus.
–Had a position for a SR-20, but UPGRADED to a SR-22 position (mainly for payload; also I figured I’d only buy ONE new aircraft in this lifetime and didn’t wish to trade up later).
SO…
For a customer like me (and I’m sure I’m not the ONLY one)…
What are the prospects of getting ANY insurance, much less REASONABLE insurance???
Do I need to think, instead, of getting in line (again) for an SR-20 - not an SR-22, merely for insurability?
Or is a lifetime dream of purchasing either craft such as this going up in smoke? 
Randy (SR22 #131)
I wouldn’t worry about it. I had to pay through the nose, but there were at least three companies who would underwrite my policy.
The biggest worry for them is not liability, it’s that the 22 is (to them) a new aircraft, and it’s a high performance aircraft.
I suspect that in six months the story will be somewhat different. Also, if I had had more hours (1000+) and some complex/high performance time, life would have been better.
There are other people much more qualified than I who can probably advise you on what, if anything, you can do to juice your personal profile to make it more attractive to the underwriters. However, be warned that liability was only $700 of the whole bill–so you really care about hull value (I had mine insured for the price on the current list).
Paul
Randy
You are not alone - this is my exact profile!
O.K., now I’m spooked! Maybe I’ve got BIG trouble ahead.
Here’s a profile of at least one customer niche that Cirrus attracts:
–Low Total Time ( I’m about 90 hours, some in complex but not high-performance ).
–No accidents/events
–V.F.R. ( wish to become I.F.R. certified IN MY Cirrus ).
–Learned to fly some time ago; planning major refresher/instuction time prior to delivery
–Want to relearn in and fly a modern design, high-tech, SAFE aircraft. Wish to avoid me and/or my small children in a 20-40 year old tin-can type craft ( like WE ALL started in ! ). This is what is bringing some of us back to real planes instead of dreaming.
–Will travel to Seattle Wings Aloft ( or where ever) to get LOTS of time with CFI in rental Cirrus.
–Had a position for a SR-20, but UPGRADED to a SR-22 position (mainly for payload; also I figured I’d only buy ONE new aircraft in this lifetime and didn’t wish to trade up later).
SO…
For a customer like me (and I’m sure I’m not the ONLY one)…
What are the prospects of getting ANY insurance, much less REASONABLE insurance???
Do I need to think, instead, of getting in line (again) for an SR-20 - not an SR-22, merely for insurability?
Or is a lifetime dream of purchasing either craft such as this going up in smoke? 
Randy (SR22 #131)
I wouldn’t worry about it. I had to pay through the nose, but there were at least three companies who would underwrite my policy.
The biggest worry for them is not liability, it’s that the 22 is (to them) a new aircraft, and it’s a high performance aircraft.
I suspect that in six months the story will be somewhat different. Also, if I had had more hours (1000+) and some complex/high performance time, life would have been better.
There are other people much more qualified than I who can probably advise you on what, if anything, you can do to juice your personal profile to make it more attractive to the underwriters. However, be warned that liability was only $700 of the whole bill–so you really care about hull value (I had mine insured for the price on the current list).
Paul
I hope you’re right!!
And can’t one insure the hull for a) LESS than the value so that, in effect, with catastrophic damage I would “self-insure” the last $50K (or what-ever), or b) seek a binder with a BIG deductible, so I “self-insure” the minor stuff for the first $25-50K???
Liabilty IS a great concern for me, but it sounds like may be easier to solve. No problem if they don’t want me carrying passengers for the first 25 or 50 hours - I can play by their rules if need be.
Also I will within the next few months begin dual time / biennial reveiw / etc. It WOULD be nice to dance this tune in a way that pleases underwriters. I just need to know what music the underwriters play.
For example - is it worth the time/money to get training in a SR20 (when I have coming an SR22), or is sitting behind any prop just the same?
Got to get the pieces to fit together pretty soon!!
Happy skies!
Randy
And can’t one insure the hull for a) LESS than the value so that, in effect, with catastrophic damage I would “self-insure” the last $50K (or what-ever)
From what I have heard this is a very bad idea. If you insured for $150,000 and had a accident which did $25,000 damage, the company would declare the plane a total loss, give you $150,000, keep the plane, fix it for $25,000, and sell it for $200,000.
And can’t one insure the hull for a) LESS than the value so that, in effect, with catastrophic damage I would “self-insure” the last $50K (or what-ever)
From what I have heard this is a very bad idea. If you insured for $150,000 and had a accident which did $25,000 damage, the company would declare the plane a total loss, give you $150,000, keep the plane, fix it for $25,000, and sell it for $200,000.
Affirmative to this.
I know of an incidence where a storm flipped a friend of mine’s C-182 while on the ground. It wasn’t tied down and a C-B rolled through. He had to buy his own airplane back at a premium.
The airplane should be insured for the at least the value that market conditions dictate.
M.Myers