Could someone review the more recent insurance market experience?
Could someone review the more recent insurance market experience?
On the “why not start looking into it” principle, I checked Avemco and USAig/AOPA. At first glance, the latter seems a better deal. They were offering a better price for better coverage. Specs:
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Me: 375 hours, IFR.
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Plane for quote: 20 rather than 22. Don’t expect to have hangar available.
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Coverage: hull for $200k, liability of $1m with (I think) $200k per-passenger sublimit. Medical=$3k per passenger
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Deductible: 0 from AIG, some high number from Avemco.
At the end of that, Avemco’s quote was well above $4000 a year (for coverage with big deductible), and USAig’s was just at $3000 (for no deductible).
When I finally get around to doing this, I’ll probably look for a high-deductible policy, but USAig/AOPA will be the place I’ll start.
People with actual planes can give more specific answers.
AVEMCO quote was $4832, and had a $500 deductible for damage. $1m total liability, $100k sublimit per person.
What I’ve been calling the USAig quote actually came via AOPA and I’ll switch to calling it that. It was for $3159, no deductible (versus $500). $1m total liability, $200k per person sublimit (versus $100k).
In other words, the AOPA policy is both cheaper and better.
Only explanation I can see, apart from plain old “one’s a better deal,” is that the AOPA questionnaire shows me having some time in “make and model,” from having flown the plane before, while Avemco does not. But I still stick to the “one’s a better deal” theory.