Vaughn Mann wrote:
Hi all!
Just got my insurance bill for renewal of my RV-6 for the next
year and
it has jumped up 38%!! Has anyone had this problem lately?
Also, has anyone heard of them insuring an engine swap out to
the Rotary
with Avemco continuing coverage? I'm still wanting to convert ASAP.
As
usual with LYC, I'm seeing top end valve symptoms associated with
typical
Air Cooled temp differential problems. Vaughn.
Hi Vaughn,
Yes, I had the same experience (around 28%) and I have been
insured with
AVEMCO since 1997, I have hull and liability and frankly I don't
think I
can afford their Hull insurance rates at the rate of increase I have
seen in
the last two years. They tell me I am about 40 hours away from one
of their
price break points, that they applied the RV discount, etc.
I tried shopping around and only got one quote which was about
1/2 the
price of AVEMCO, so good in fact I checked into the company and
found they
had a "B" rating as an insurance company and had once been acquired
due to
bankruptcy - so I declined even though I liked the price.
Ed Anderson
RV-6A N494BW 115 hours Rotary Flying
Matthews, NC
Ed, how do you check on an insurance company's background? I am looking
for insurance, too.
AI Nut
AI, I went to the web pages and did a search using the insurance company's
name and "Ratings" that gave me the ratings from various agency/offices
which do that sort of thing. Most of them have some sort of justification
for their rating from which you may find out such things as previous
bankruptcys or other problems.
Ed Anderson
The AirCraft Rotary Engine NewsLetter. Powered by Linux.
ACRE NL web site.
http://home.earthlink.net/~rotaryeng/ http://www.linux.org