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

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

Thanks Ed and Tracy,
I'd like to drop the hull but about half of my plane is financed and of
course the bank won't permit that, so I lowered the total down to 35,000

and

that helped. AVEMCO wouldn't allow me to lower it any more than 35k.  So

now

my premium is almost the same but almost half the hull coverage.
Ed, What was the name or number of the "B" company?  And did the rotary

get

mentioned in the quote?  Thanks!Vaughn.

Hi Vaughn,

    I went through the Skysmith Agent and they gave me a policy quote of
$1,440 from Aerospace who actually sells the policy for  Nobel or American
National.  My quote was from Nobel and that is the one I did not feel
comfortable with the rating - may have been perfectly OK, but I just did not
feel comfortable with a insurance company that did not have at least an "A"
rating.
I asked for quote for  $60,000 Hull and $1,000,000 Liability.

Ed Anderson

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