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#1
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Thanks Tom
You're giving me hope that there aren't all that many hours ahead of me to a much more reasonable premium. 10,000 is just about breaking me ... Well okay, on top of a new engine, completely rebuilt brake hydraulics, new cowl actuator... This first annual has run about 4 and 1/2 years so far. |
#2
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Wow, I feel your pain. I also have a p-model with a hull value insured at 120, I'm at 6300.00 per year. I thought I was the only one getting violated. BTW, I have approx 300 hrs in a skymaster turbo and only 50 in p-model. Thought seriously about going liability only this year with a quote of 1700.00, just couldn't bring myself to do it.
Joes |
#3
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http://www.planeinsurance2.com/
Have been with them and AIG for 3 years 200K hull value and $4500 a year 800 hrs in 337 They do require annual training that I do at RTC in Fl. |
#4
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What do they specifically require in the way of annual training, out of curiosity?
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#5
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#6
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Don't mean to sound cheap, but what is the cost?
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#7
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This will make you feel better
When in my 20's (1980's) I bought an Enstrom helicopter....to impress girls.
And yeah, it was a lot of fun. I had the requisite 40 hours or so in a Robinson R22 to get the rating, then went shopping for a (used) Enstrom. I would not say 'more affordable' in this discussion. I had no loan, but if you wanted just liability, vs at least $50k hull, the premium was about the same. So you might as well get the $50k hull for about the same money. By the way, that was with a $7,500 deductible. I remember calculating I could hover it backward into a tree once a year and come out about the same. The 1st year premium was around $3.6k Then $5.9k Then around $8.5k Then when it hit $11.9k a year (remember, 1980's dollars), I stopped playing. Remembe, $7.5k deductible, $50k hull coverage.....1980s At that tiime, all piston helicopter insurance fell into the same risk pool at Lloyds as launchpad insurance, The last year a $300m satellite blew up on the pad, and that particular Lloyds syndicate made the paid out, ....so my piston helicoptrt insurance rate went to $12k Now in 2023 dollars that would be..... With two exotic cars, I would tell people, "Perhaps a cocaine addiction would be a more cost-effective hobby?" That all said, I've now got about 2k hours in my turbo non-pressurized RSTOL 337, no accidents since 1989, $150k hull @ around $3.4k/year.
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David Wartofsky Potomac Airfield 10300 Glen Way Fort Washington, MD 20744 |