---------------------------------------------------------- Zenith601-List Digest Archive --- Total Messages Posted Mon 06/20/11: 8 ---------------------------------------------------------- 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 _____________________________________ Time: 09:06:20 AM PST US From: Steve Look Subject: 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" ________________________________ Message 2 _____________________________________ Time: 09:23:19 AM PST US From: Paul Mulwitz Subject: Re: Zenith601-List: 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 _____________________________________ Time: 09:39:02 AM PST US From: Steve Look Subject: Re: Zenith601-List: 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 _____________________________________ Time: 09:44:15 AM PST US From: Paul Mulwitz Subject: Re: Zenith601-List: 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 _____________________________________ Time: 01:49:17 PM PST US From: Jimbo Subject: Re: Zenith601-List: 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 wrote: > From: Steve Look > 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 > > 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 _____________________________________ Time: 02:34:09 PM PST US From: Bill Naumuk Subject: Re: Zenith601-List: 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 _____________________________________ Time: 02:44:54 PM PST US From: Bill Naumuk Subject: Re: Zenith601-List: 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 _____________________________________ Time: 07:41:34 PM PST US From: "Larry McFarland" Subject: RE: [Probable Spam] Zenith601-List: 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" ------------------------------------------------------------------------------------- Other Matronics Email List Services ------------------------------------------------------------------------------------- Post A New Message zenith601-list@matronics.com UN/SUBSCRIBE http://www.matronics.com/subscription List FAQ http://www.matronics.com/FAQ/Zenith601-List.htm Web Forum Interface To Lists http://forums.matronics.com Matronics List Wiki http://wiki.matronics.com Full Archive Search Engine http://www.matronics.com/search 7-Day List Browse http://www.matronics.com/browse/zenith601-list Browse Digests http://www.matronics.com/digest/zenith601-list Browse Other Lists http://www.matronics.com/browse Live Online Chat! http://www.matronics.com/chat Archive Downloading http://www.matronics.com/archives Photo Share http://www.matronics.com/photoshare Other Email Lists http://www.matronics.com/emaillists Contributions http://www.matronics.com/contribution ------------------------------------------------------------------------------------- These Email List Services are sponsored solely by Matronics and through the generous Contributions of its members.