Ball Park estimate insurance quote

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jboyd19
Posts: 9
Joined: Fri Jul 21, 2006 8:35 am

Ball Park estimate insurance quote

Postby jboyd19 » Thu Nov 20, 2008 4:20 pm

Would it be possible to get a ballpark estimate on insurance for a Jabiru J400 (2006)? I am working on my PPL and have just over 60hrs total and I am preparing for my checkride as of now and I hope to have that completed ASAP.

Any ballpark estimate would be greatly appreciated.

CTflyer
Posts: 363
Joined: Tue Mar 28, 2006 7:17 am
Location: eastern Connecticut

Postby CTflyer » Thu Nov 20, 2008 6:03 pm

Lots to think about whenever LSA insurance comes up.

Here's a good first step:

http://www.eaa.org/insurance/
866-647-4322

Also, an overview of how aircraft and liability insurance work, and things that determine how much you'll pay:

http://www.eaa.org/insurance/non_owner_brochure.pdf

Some of the issues: how much value do you want your aircraft insurance to cover? Deductibles? How much protection do you want for liability?

Ask your instructor and the aircraft owner (FBO) about insurance needs.

Be sure to ask about subrogation. It can surprise you in the worst way possible, especially if you have assets to protect. Most folks don't have a clue about it, and that can cost them a *lot*.

You may want to also try the AOPA insurance agency: www.aopaia.com
800-622-AOPA

Falcon Insurance's Bob Mackey is listed as the moderator of the SPT insurance area. Here's the main Falcon number: (830) 257-1000

www.falconinsurance.com

Good luck - let us know what you find.

Tom

CTflyer
Posts: 363
Joined: Tue Mar 28, 2006 7:17 am
Location: eastern Connecticut

Postby CTflyer » Wed Nov 26, 2008 6:26 pm

So - what did you find out when you contacted the insurance offices?

Tom

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tadel001
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Postby tadel001 » Wed Dec 03, 2008 9:43 am

If the hull value is around $110K to $120K and it is being rented, you are probably looking betwen $5k and $6.5k. If you are using for yourself, it could be between $2.5k and $4k.

jboyd19
Posts: 9
Joined: Fri Jul 21, 2006 8:35 am

Postby jboyd19 » Wed Jan 28, 2009 1:16 pm

I just received a quote for a Jabiru J230 LSA from AOPA and they came back with 3454.00

CTflyer
Posts: 363
Joined: Tue Mar 28, 2006 7:17 am
Location: eastern Connecticut

Postby CTflyer » Wed Jan 28, 2009 2:25 pm

Glad you finally got some numbers! Insurance often seems to be the real PITA for LSA owners.

Say, how does that figure sound to you? What you were expecting?

Could you share with us how much coverage that figure would provide? Amount of hull coverage? Amount of liability coverage?

Thanks.
Tom

jboyd19
Posts: 9
Joined: Fri Jul 21, 2006 8:35 am

Postby jboyd19 » Wed Jan 28, 2009 8:58 pm

Seems pretty high to me but I am new to all of this.
Below is a cutout from the estimate I was given.
LEGAL LIABILITY PROTECTION:
Single Limit Each Occurrence Including Passengers
Sub Limit per Passenger if applicable:
$1,000,000
$100,000
LIMITS OF LIABILITY MEDICAL PAYMENTS
$3,000
Each Passenger
Total Policy Premium $3,454
Plus any applicable taxes


I have 2 more requests coming in soon I hope and I will post those figures once I have them. From other forums I was estimating 2400.00 per year and I was thinking it would drop after the 1st / 2nd year after I pile up a bunch of hours.

Being new to this do insurance rates typically drop after 200hrs time in plane?

flyboy2007
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Joined: Sun Jan 27, 2008 3:18 pm
Location: wisconsin
Contact:

Postby flyboy2007 » Thu Jan 29, 2009 11:35 am

Check with avemco. they seem to be the best deal that I could find. Just my opinion.
"Keep on Draggin"

jboyd19
Posts: 9
Joined: Fri Jul 21, 2006 8:35 am

Postby jboyd19 » Thu Jan 29, 2009 2:26 pm

2445.00 from Falcon Insurance - Very quick turn around on quote...this was more what I expected. Nearing completion of PPL having low hours and all.

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CharlieTango
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Joined: Sat Jun 10, 2006 10:04 am
Location: Mammoth Lakes, California

Postby CharlieTango » Thu Jan 29, 2009 4:22 pm

Falcon covers me, $125k hull, for $2k. used to be a few hundred more but has been creeping down year by year


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