Re: Insurance-- hour threshold for decrease


Subject:    Re: Insurance-- hour threshold for decrease
From:    Tim Olson (Tim@MyRV10.com)
Date:    Thu Nov 05 - 8:32 AM
I don't know for sure, but I think 200 hours was one
milestone, but that may be more total pilot time than
time on the plane.

I don't know that there is an exact number threshold
for just how much time you have on the RV-10. I think
the amount of time in the past 6 months or 90 days, or
year (depends on the carrier) makes a difference, and
your total time in make and model, and Instrument rating,
and all that stuff kind of mixes up the grand total.

There are some that are defined though, like with the
"TAA" thing, for Technically advanced Aircraft, that's
a defined percentage.  And, I think the instrument
rating is like a 10% thing too.

You will likely see a decrease each year for a while
if the market stays as it was.  But, I did just
see that one of the reinsurers is leaving the market
and the talk was that it was going to be good for
the insurance carriers because the rates have been
getting "soft" lately.  So in translating, that's
probably part of why we've seen some good decreases
the last couple years, but it may turn in the other
direction in the future a bit....especially if another
reinsurer leaves the market.


Tim Olson - RV-10 N104CD
do not archive


Sheldon Olesen wrote:
> 
> Does anyone know what the hour threshold is to get a substantial cost 
> decrease in their insurance policy?
> I would probably have around 130 on renewal in Dec.
> 
> 
> Sheldon Olesen
> N475PV  119 hrs




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