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Matt Dralle
Site Admin

Joined: 08 Nov 2005
Posts: 25204
Location: Livermore CA USA

Posted: Fri Mar 18, 2011 5:56 pm Post subject: RV-8 Insurance...

I've been shopping for a new year of insurance on the RV-8 (current policy is up on 3/20) and got quotes from Avemco, AOPA, and the EAA (Falcon).  The quotes from the AOPA and EAA were close, although the AOPA came in $500 cheaper than the EAA's this year.  But here was the shocker.  Avemco's quote was 2.3 times higher than the AOPA's quote!  I called Avemco to make sure that they just hadn't done something wrong.  It was right.  That's just crazy.  Apparently Avemco doesn't really want to write Experimental polices.  



Anyway, thought I'd share my experiences.

-

Matt Dralle

RV-8 #82880 N998RV

http://www.mattsrv8.com - Matt's RV-8 Construction Log

http://www.youtube.com/MattsRV8 - Matt's RV-8 HDTV YouTube Channel

Status: 150+ Hours TTSN - Paint Job Is All That's Left To Do...

- The Matronics RV8-List Email Forum -

Use the List Feature Navigator to browse the many List utilities available such as the Email Subscriptions page, Archive Search & Download, 7-Day Browse, Chat, FAQ, Photoshare, and much more:

http://www.matronics.com/Navigator?RV8-List

_________________
Matt Dralle
Matronics Email List Administrator

flyboy.bob(at)gmail.com
Guest

Posted: Sat Mar 19, 2011 2:53 am Post subject: RV-8 Insurance...

Matt,

  

 I had a similar experience  . . . when I asked the agent she  got kind of snippy with me and told me thatâ€™s what they needed to cover their  expenses?  Not when everyone else can do it for less!

  

 Mineâ€™s for first flight and in type experience becomes an issue and  Avemco had the most liberal restrictions there follow by EAA.  Iâ€™m waiting  on some paperwork and the airworthiness inspection . . . I believe Iâ€™m going to  go with EAA (Falcon).

  

 Regards,

 Bob Christensen â€“ N83RC . . . still waiting!

    

  From: Matt Dralle (dralle(at)matronics.com) 

 Sent: Friday, March 18, 2011 8:53 PM

 To: rv-list(at)matronics.com (rv-list(at)matronics.com) ; rv8-list(at)matronics.com (rv8-list(at)matronics.com) ; rv7-list(at)matronics.com (rv7-list(at)matronics.com) 

 Subject: RV-8 Insurance...

  



 -->  RV8-List message posted by: Matt Dralle  <dralle(at)matronics.com>

I've been shopping for a new year of  insurance on the RV-8 (current policy is up on 3/20) and got quotes from Avemco,  AOPA, and the EAA (Falcon).  The quotes from the AOPA and EAA were close,  although the AOPA came in $500 cheaper than the EAA's this year.  But here  was the shocker.  Avemco's quote was 2.3 times higher than the AOPA's  quote!  I called Avemco to make sure that they just hadn't done something  wrong.  It was right.  That's just crazy.  Apparently Avemco  doesn't really want to write Experimental polices.  



Anyway, thought  I'd share my experiences.

-

Matt Dralle

RV-8 #82880  N998RV

http://www.mattsrv8.com - Matt's RV-8 Construction  Log

http://www.youtube.com/MattsRV8 - Matt's RV-8 HDTV YouTube  Channel

Status: 150+ Hours TTSN - Paint Job Is All That's Left To  nbsp;        Navigator to  Photoshare, and  nbsp;       the Web  ========================<;   generous  bsp;                     

   [quote][b]

- The Matronics RV8-List Email Forum -

Use the List Feature Navigator to browse the many List utilities available such as the Email Subscriptions page, Archive Search & Download, 7-Day Browse, Chat, FAQ, Photoshare, and much more:

http://www.matronics.com/Navigator?RV8-List

Matt Dralle
Site Admin

Joined: 08 Nov 2005
Posts: 25204
Location: Livermore CA USA

Posted: Sat Mar 19, 2011 9:24 am Post subject: RV-8 Insurance...

Yeah, you can't beat EAA/Falcon for the first year because they will cover the Test Flight and the First Ten Hours.  Avemco made a point of the fact that they didn't cover either.  Okay, I get that, but a year later and with 153 hours on the RV-8, 153 hours in my logbook in type, and with no incidents, I would have expected a significant drop.  Falcon only came down $100 from last year.  Avemco when UP by $2k.

-

Matt Dralle

RV-8 #82880 N998RV

http://www.mattsrv8.com - Matt's RV-8 Construction Log

http://www.youtube.com/MattsRV8 - Matt's RV-8 HDTV YouTube Channel

Status: 150+ Hours TTSN - Paint Job Is All That's Left To Do...

At 03:50 AM 3/19/2011  Saturday, you wrote:

 	  Quote: 	
		  Matt,

 

I had a similar experience  . . . when I asked the agent she got kind of snippy with me and told me thatâ€™s what they needed to cover their expenses?  Not when everyone else can do it for less!

 

Mineâ€™s for first flight and in type experience becomes an issue and Avemco had the most liberal restrictions there follow by EAA.  Iâ€™m waiting on some paperwork and the airworthiness inspection . . . I believe Iâ€™m going to go with EAA (Falcon).

 

Regards,

Bob Christensen – N83RC . . . still waiting!

 

From: <mailto:dralle(at)matronics.com>Matt Dralle 

Sent: Friday, March 18, 2011 8:53 PM

To: <mailto:rv-list(at)matronics.com>rv-list(at)matronics.com ; <mailto:rv8-list(at)matronics.com>rv8-list(at)matronics.com ; <mailto:rv7-list(at)matronics.com>rv7-list(at)matronics.com 

Subject: RV-8 Insurance...

 


I've been shopping for a new year of insurance on the RV-8 (current policy is up on 3/20) and got quotes from Avemco, AOPA, and the EAA (Falcon).  The quotes from the AOPA and EAA were close, although the AOPA came in $500 cheaper than the EAA's this year.  But here was the shocker.  Avemco's quote was 2.3 times higher than the AOPA's quote!  I called Avemco to make sure that they just hadn't done something wrong.  It was right.  That's just crazy.  Apparently Avemco doesn't really want to write Experimental polices.  



Anyway, thought I'd share my experiences.

-

Matt Dralle

- The Matronics RV8-List Email Forum -

Use the List Feature Navigator to browse the many List utilities available such as the Email Subscriptions page, Archive Search & Download, 7-Day Browse, Chat, FAQ, Photoshare, and much more:

http://www.matronics.com/Navigator?RV8-List

_________________
Matt Dralle
Matronics Email List Administrator

Matt Dralle
Site Admin

Joined: 08 Nov 2005
Posts: 25204
Location: Livermore CA USA

Posted: Tue Mar 22, 2011 1:59 pm Post subject: RV-8 Insurance...

Here's this year's Insurance Quotes along with the coverage details on my RV-8.  Can you guess which one I went with?



$1m/$100k Liability

$5000-$10000 Medical

$0 Deductible

$150k Hull Ground/Air



153 Hours, Aircraft

153 Hours in Type, Pilot

450 Hours Total, Pilot

242 Hours TW, Pilot



        Avemco:                 $5811

        EAA/Falcon:             $2975 ($3075 last year included Test & 1st 10 hours)

        NationAir/Chartis       $2888

        AOPA/AIG                $2475

-

Matt Dralle

RV-8 #82880 N998RV

http://www.mattsrv8.com - Matt's RV-8 Construction Log

http://www.youtube.com/MattsRV8 - Matt's RV-8 HDTV YouTube Channel

Status: 160+ Hours TTSN - Paint Job Is All That's Left To Do...

- The Matronics RV8-List Email Forum -

Use the List Feature Navigator to browse the many List utilities available such as the Email Subscriptions page, Archive Search & Download, 7-Day Browse, Chat, FAQ, Photoshare, and much more:

http://www.matronics.com/Navigator?RV8-List

_________________
Matt Dralle
Matronics Email List Administrator

edwclg

Joined: 30 Dec 2007
Posts: 18

Posted: Tue Mar 22, 2011 2:09 pm Post subject: RV-8 Insurance...

How much is it insured for? Mine is $80K/$1400./yr All else same except pilot quals

Ed Clegg



On Tue, Mar 22, 2011 at 5:56 PM, Matt Dralle <dralle(at)matronics.com (dralle(at)matronics.com)> wrote:

 [quote]--> RV8-List message posted by: Matt Dralle <dralle(at)matronics.com (dralle(at)matronics.com)>

  

 Here's this year's Insurance Quotes along with the coverage details on my RV-8.  Can you guess which one I went with?

 

 $1m/$100k Liability

 $5000-$10000 Medical

 $0 Deductible

 $150k Hull Ground/Air

 

 153 Hours, Aircraft

 153 Hours in Type, Pilot

 450 Hours Total, Pilot

 242 Hours TW, Pilot

 

         Avemco:                 $5811

         EAA/Falcon:             $2975 ($3075 last year included Test & 1st 10 hours)

         NationAir/Chartis       $2888

         AOPA/AIG                $2475

 

 

 -

 Matt Dralle

 RV-8 #82880 N998RV

 http://www.mattsrv8.com - Matt's RV-8 Construction Log

 http://www.youtube.com/MattsRV8 - Matt's RV-8 HDTV YouTube Channel

 Status: 160+ Hours TTSN - Paint Job Is All That's Left To Do...

 

 

 ===========

 rget="_blank">http://www.matronics.com/Navigator?RV8-List

 ===========

 http://forums.matronics.com

 ===========

        -Matt Dralle, List Admin.

 ="_blank">http://www.matronics.com/contribution

 ===========

 

 

 

 [b]

- The Matronics RV8-List Email Forum -

Use the List Feature Navigator to browse the many List utilities available such as the Email Subscriptions page, Archive Search & Download, 7-Day Browse, Chat, FAQ, Photoshare, and much more:

http://www.matronics.com/Navigator?RV8-List

Matt Dralle
Site Admin

Joined: 08 Nov 2005
Posts: 25204
Location: Livermore CA USA

Posted: Wed Mar 23, 2011 7:02 pm Post subject: RV-8 Insurance...

Just to follow up on the insurance information I posted, I got an email from EAA/Falcon this morning indicating that they had quoted this year's policy based on last year's flight time numbers (basically 0).  They re-quoted on my current hours (153 TTSN) and their quote came more into line at $2490.00.  I just wanted to set the record straight.



Also, the AOPA coverage for $2475 is really with USAIG (United States Aviation Insurance Group), which is not the bailout "AIG" (American International Group).  At least I don't think so.  Here are their respective web sites:



United Status Aviation Insurance Group



        http://www.usau.com/usau.nsf/doc/index



American International Group



        http://www.aigcorporate.com/index.html



FYI

-

Matt Dralle

RV-8 #82880 N998RV

http://www.mattsrv8.com - Matt's RV-8 Construction Log

http://www.youtube.com/MattsRV8 - Matt's RV-8 HDTV YouTube Channel

Status: 160+ Hours TTSN - Paint Job Is All That's Left To Do...



 	  Quote: 	
		  



Here's this year's Insurance Quotes along with the coverage details on my RV-8.  Can you guess which one I went with?



$1m/$100k Liability

$5000-$10000 Medical

$0 Deductible

$150k Hull Ground/Air



153 Hours, Aircraft

153 Hours in Type, Pilot

450 Hours Total, Pilot

242 Hours TW, Pilot



        Avemco:                 $5811

        EAA/Falcon:             $2975 ($3075 last year + Test & 1st 10 hours)

        NationAir/Chartis       $2888

        AOPA/AIG                $2475

- The Matronics RV8-List Email Forum -

Use the List Feature Navigator to browse the many List utilities available such as the Email Subscriptions page, Archive Search & Download, 7-Day Browse, Chat, FAQ, Photoshare, and much more:

http://www.matronics.com/Navigator?RV8-List

_________________
Matt Dralle
Matronics Email List Administrator

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