Sport Pilot Talk

Be glad you're not in commercial service, Stan. Your premium would be five times that amount.

Aviation insurance companies were complaining about operating at a loss. At least 2 have left the marker because of that. Recent storms have hit some airport with fairly heavy losses. This all adds up to increased rates. My commercial insurance went up 15% for this year.

drseti wrote:Be glad you're not in commercial service, Stan. Your premium would be five times that amount.

Paul, you're right of course; I should count my blessings.

3Dreaming wrote:Aviation insurance companies were complaining about operating at a loss. At least 2 have left the marker because of that. Recent storms have hit some airport with fairly heavy losses. This all adds up to increased rates. My commercial insurance went up 15% for this year.

I guess I shouldn't complain. As long as I can afford the premium I'll just continue to pay.

Scooper wrote:I guess I shouldn't complain. As long as I can afford the premium I'll just continue to pay.

I'm pretty sure my increase was more than your new annual premium.

3Dreaming wrote: I'm pretty sure my increase was more than your new annual premium.

Yep, mine certainly was.

I was talking with a few pilots on Facebook. In the past few months three airports in this area suffered losses from tornadoes: Pineville, Monroe, and now Bunkie is a total loss. They are expecting insurance for this area to skyrocket because of this. I'm not due for a while, I guess we shall see....

drseti wrote:

3Dreaming wrote: I'm pretty sure my increase was more than your new annual premium.

Yep, mine certainly was.

But it's a little different when your airplane *makes* money, instead of just burning it.

MrMorden wrote:
But it's a little different when your airplane *makes* money, instead of just burning it.

Believe me, Andy, it hasn't been making money these past two months!

drseti wrote:

MrMorden wrote:
But it's a little different when your airplane *makes* money, instead of just burning it.

Believe me, Andy, it hasn't been making money these past two months!

My insurance agent called and offered to put mine on non flying status. I thought I would be flying with my older son some, but he has been to busy with school work. It has rented a few times though. Certainly not making enough money to pay the insurance.

Just got my quote for this year from Greg at Aviation Insurance Resources.

We are pleased to present the attached quotation of $1,760 from your current carrier. Other quotes came in at $2,522 to $4,144.

Last year I paid $1704 so it is about $56 more - not to bad imho (97k hull )

Who is your carrier, Warmi?

drseti wrote:Who is your carrier, Warmi?

USAIG

FYI
I just got my quote through AOPA for my 2014 RV-12 SLSA . Full coverage including $126k replacement (price new) for $989, up from $805 each of last two years.

That looks like a 23% increase, which is about what other folks are seeing.

AVEMCO, raised only my hull insurance by $35. Liability remains the same. I had expected it to be more , based on what has been posted by AOPA and other forums.