Subject: Avemco's Jacked rates
From: ACRE NL
Date: 11/11/2001, 9:39 AM


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


Avemco stayed at the same rate at last renewal (about 3 mo. ago?) but I only
carry liability, not hull.  I do get a break for being over 1000 hours.
There are rate breaks at lower times too I think.

Tracy Crook
tcrook@rotaryaviation.com
www.rotaryaviation.com

 
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