Mark Steitle wrote:
I've forwarded a post from the Velocity REFLECTOR site concerning
insuring non-certified a/c. I know this has been discussed before, but
since the insurance situation is ever-changing, I would appreciate hearing
from those that have completed construction and are actually flying
rotary-powered planes. Velocity is telling people that auto-conversions are
uninsurable. Is this the case with the rotary? Bottom line... if I put a
rotary in my plane will I have to "go bare" on insurance?
Thanks,
Mark
REFLECTOR: Engine
Just the other day I had a conversation with Dyane At Velocity about
Insurance and he told me that he didn't know of any insurance company that
would insure an auto conversion velocity. To top that off I have not heard
from Pam since our last conversation about insurance . The last time I
talked to her she said that if she was able to talk to the right person
maybe I could get insurance . This not encouraging to here that after
spending the money and time in to put in a very capable conversion that I
may not get insurance thus not even being able to Fly my plane . So with
a said heart I have decided to start looking for an aircraft engine (IO 540
). Does any one have a line on one or have one they would like to separate
from . Any condition will be consider Please Let Me Know Thanks Ron N34CV
roncathy3@home.com(mailto:roncathy3@home.com)
Roncathy3,
Are you sure you want insurance on it that bad? I can understand the
liability fear in case you crash in the middle of a public school, but
beyond that you're going to have to do any repairs from a fenderbender
yourself. Even if you did fall in the schoolyard, the policy protection
you would get wouldn't begin to touch the judgements brought against you
anyway, so you would still end up in bankruptcy court for your own
protection. -- It's a sobering thought, but a spade is a spade...
I'm also reminded of a conversation with an EAA Tech Advisor a few
days ago. We were standing in his garage admiring a new IO360 he was going
to put in one of his airplanes when I asked him how many hours he flew his
engines per year. Upon hearing his reply I did some quick math and
mentioned that he would get many years of use out of the new Lycoming. --
His response jolted me... He said in all his years and years in aviation
he had rarely seen a certified piston engine make it to it's TBO, and most
never got close!
I sincerely hope you can find suitable insurance if that's what you
really want, but before you buy it thinking you're completely protected,
take a copy of the policy to your attorney and give him a hundred dollars
to look it over and tell you what he thinks. It might turn out to be the
best spent money in your entire project.
Wishing you the best,
Robin
Ed Anderson has AVEMCO as I recall.
Paul Lamar
Keith Holm wrote:
Paul,
As a service to our customers, we have done a bit of research into
homebuilt aircraft insurance. I have written confirmation from HCC
Aviation Insurance Group (they are underwriters) , that they make no
distinction between regularly certified engines, and other engines such as
auto conversions, including Mazda based options.
I would recommend working with a broker who is underwritten by HCC.
Hope that this helps.
Keith Holm
Powersport Aviation
I guess Rob got the wrong insurance company.
Paul Lamar
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