Today's Message Index:
----------------------
1. 09:06 AM - Project Insurance (Steve Look)
2. 09:23 AM - Re: Project Insurance (Paul Mulwitz)
3. 09:39 AM - Re: Project Insurance (Steve Look)
4. 09:44 AM - Re: Project Insurance (Paul Mulwitz)
5. 01:49 PM - Re: Project Insurance (Jimbo)
6. 02:34 PM - Re: Project Insurance (Bill Naumuk)
7. 02:44 PM - Re: Project Insurance Update (Bill Naumuk)
8. 07:41 PM - Re: [Probable Spam] Project Insurance (Larry McFarland)
Message 1
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| Subject: | Project Insurance |
I have the opportunity to move my 601 project out to the local FBO
hanger and I'm wondering about insurance. I've talked to my
home-owner's and commercial insurance provider and they have offered
to add a rider to my commercial policy. The home-owner's policy won't touch it.
I'm wondering what other's are doing.
It was something of a shock to discover that with my project at home
in the garage, it wasn't covered by the home-owner's policy. It is
just an assembly of aluminum that might be an airplane someday....
Steve
Steve Look
Monticello, IL
www.ilrt66.com
"Dogs have owners, Cats have staff"
Message 2
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| Subject: | Re: Project Insurance |
Hi Steve,
I've tried a couple of different aviation insurance brokers. First I
bought a policy (on a leased S-LSA) from the EAA "Blessed" broker -
Falcon insurance. The results were so horrible I changed to Regal
insurance in Hillsboro, OR. Falcon in TX uses a production line
organization so that different employees sell and service policies while
Regal uses a more normal insurance broker arrangement where your broker
does all customer contact with a given customer.
There are a number of aviation specialty insurance brokers in the
country. I'm sure you can find them by searching the internet or
aviation publications. Avemco is also available, but they sell direct
rather than using brokers. That means you don't have a broker to
intercede between you and the insurance company if there is a problem.
Regal managed to find me an insurance company that would write insurance
for me without any time in type in the Zodiac XL. That is what I asked
for since there are few such planes available to get time. This might
not work for anybody else though since I had 80 hours in a similar model
(Tecnam Echo Super) in the last 2 years.
Paul
On 6/20/2011 9:02 AM, Steve Look wrote:
>
> I have the opportunity to move my 601 project out to the local FBO
> hanger and I'm wondering about insurance. I've talked to my
> home-owner's and commercial insurance provider and they have offered
> to add a rider to my commercial policy. The home-owner's policy won't
> touch it.
>
> I'm wondering what other's are doing.
>
> It was something of a shock to discover that with my project at home
> in the garage, it wasn't covered by the home-owner's policy. It is
> just an assembly of aluminum that might be an airplane someday....
>
> Steve
>
>
> Steve Look
> Monticello, IL
> www.ilrt66.com
> "Dogs have owners, Cats have staff"
>
>
Message 3
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| Subject: | Re: Project Insurance |
This is just all the parts and assemblies, not an airplane yet. I
want some kind of coverage in case a storm drops the hanger on it or
somebody drives a fork lift over it.
Steve
At 11:20 AM 6/20/2011, you wrote:
>
>I've tried a couple of different aviation insurance brokers.
Steve Look
Monticello, IL
www.ilrt66.com
"Dogs have owners, Cats have staff"
Message 4
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| Subject: | Re: Project Insurance |
You can get that kind of coverage. I think it is called "Not in motion"
or "Hull" insurance.
On 6/20/2011 9:36 AM, Steve Look wrote:
>
> This is just all the parts and assemblies, not an airplane yet. I want
> some kind of coverage in case a storm drops the hanger on it or
> somebody drives a fork lift over it.
>
> Steve
>
>
> At 11:20 AM 6/20/2011, you wrote:
>>
>> I've tried a couple of different aviation insurance brokers.
>
> Steve Look
> Monticello, IL
> www.ilrt66.com
> "Dogs have owners, Cats have staff"
>
>
Message 5
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| Subject: | Re: Project Insurance |
I have my project insured with AVEMCO. They have been very good about it. You state
the value and they quote a price based on the fact that its not yet flying.
I hope that since I have a history with them that might help with getting it
insured once its time to fly. Falcon and AOPA are brokers, not actual insurance
companies, like AVEMCO or Allstate, for example.
My homeowners (State Farm) is very clear that they want nothing to do with aircraft
or even aircraft parts.
--- On Mon, 6/20/11, Steve Look <slook@mchsi.com> wrote:
> From: Steve Look <slook@mchsi.com>
> Subject: Zenith601-List: Project Insurance
> To: zenith601-list@matronics.com
> Date: Monday, June 20, 2011, 9:02 AM
> --> Zenith601-List message posted
> by: Steve Look <slook@mchsi.com>
>
> I have the opportunity to move my 601 project out to the
> local FBO hanger and I'm wondering about insurance. I've
> talked to my home-owner's and commercial insurance provider
> and they have offered to add a rider to my commercial
> policy. The home-owner's policy won't touch it.
>
> I'm wondering what other's are doing.
>
> It was something of a shock to discover that with my
> project at home in the garage, it wasn't covered by the
> home-owner's policy. It is just an assembly of aluminum that
> might be an airplane someday....
>
> Steve
>
>
>
> Steve Look
> Monticello, IL
> www.ilrt66.com
> "Dogs have owners, Cats have staff"
>
> Email Forum -
> FAQ,
> - MATRONICS WEB FORUMS -
> List Contribution Web Site -
> -Matt
> Dralle, List Admin.
>
>
>
>
Message 6
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| Subject: | Re: Project Insurance |
On 06/20/2011 12:02 PM, Steve Look wrote:
>
> I have the opportunity to move my 601 project out to the local FBO
> hanger and I'm wondering about insurance. I've talked to my
> home-owner's and commercial insurance provider and they have offered
> to add a rider to my commercial policy. The home-owner's policy won't
> touch it.
>
> I'm wondering what other's are doing.
>
> It was something of a shock to discover that with my project at home
> in the garage, it wasn't covered by the home-owner's policy. It is
> just an assembly of aluminum that might be an airplane someday....
>
> Steve
>
>
> Steve Look
> Monticello, IL
> www.ilrt66.com
> "Dogs have owners, Cats have staff"
>
>
Steve-
Same with me- Allstate wants nothing to do with either aircraft or
car projects. Contacted EAA- they recommended talking to Falcon. If you
try someone else like AVEMCO, post the results so we can have an on-list
comparison.
Bill
Message 7
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| Subject: | Re: Project Insurance Update |
On 06/20/2011 05:31 PM, Bill Naumuk wrote:
> On 06/20/2011 12:02 PM, Steve Look wrote:
>>
>> I have the opportunity to move my 601 project out to the local FBO
>> hanger and I'm wondering about insurance. I've talked to my
>> home-owner's and commercial insurance provider and they have offered
>> to add a rider to my commercial policy. The home-owner's policy won't
>> touch it.
>>
>> I'm wondering what other's are doing.
>>
>> It was something of a shock to discover that with my project at home
>> in the garage, it wasn't covered by the home-owner's policy. It is
>> just an assembly of aluminum that might be an airplane someday....
>>
>> Steve
>>
>>
>>
>> Steve Look
>> Monticello, IL
>> www.ilrt66.com
>> "Dogs have owners, Cats have staff"
>>
>>
>>
>>
>>
> Steve-
> Same with me- Allstate wants nothing to do with either aircraft or
> car projects. Contacted EAA- they recommended talking to Falcon. If
> you try someone else like AVEMCO, post the results so we can have an
> on-list comparison.
>
> Bill
All-
Just talked to Falcon. Construction insurance costs a minimum of
$400/yr with additional coverage at 1% of value/yr. In other words, if
you have a project with a kit or parts receipt worth of $30,000, it will
cost you $400/yr to insure your project. If you have a project worth
$45,000, your premium will be $450/yr.
Bill
Message 8
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| Subject: | Project Insurance |
Steve,
Don't insure anything with exception to theft and fire until it's ready to
go to the airport.
The first year, go full hull for taxi and flight. The second year, go not in
motion only and later you might consider just liability
once you're comfortable with the working flight envelope. This is what I've
done and it went from $1500, to 900, to 750
And with hours exceeding, 200 or more I'd expect it to get down to less than
$ 500 one day. For liability only. I went with Sky Smith
Insurance. They will seek out a best price quote set and let you decide.
Good people!
Larry McFarland
601HDS with Subaru at 170 hours
-----Original Message-----
From: owner-zenith601-list-server@matronics.com
[mailto:owner-zenith601-list-server@matronics.com] On Behalf Of Steve Look
Sent: Monday, June 20, 2011 11:03 AM
Subject: [Probable Spam] Zenith601-List: Project Insurance
I have the opportunity to move my 601 project out to the local FBO hanger
and I'm wondering about insurance. I've talked to my home-owner's and
commercial insurance provider and they have offered to add a rider to my
commercial policy. The home-owner's policy won't touch it.
I'm wondering what other's are doing.
It was something of a shock to discover that with my project at home in the
garage, it wasn't covered by the home-owner's policy. It is just an assembly
of aluminum that might be an airplane someday....
Steve
Steve Look
Monticello, IL
www.ilrt66.com
"Dogs have owners, Cats have staff"
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