I think that the biggest issue with the home builders is to have an affodable liability program to satisfy airports and such, most home builders will not require hull insurance. Myself like most would have no interest in paying thousands of dollars a year for a machine in premiums, for something that we can rebuild for a few thousand.
Not like the euro tub guys that need it more because of the high cost of the machine.
Yeah Scott, in a basic machine, if you tip it over, it will cost a set of rotors, a head bearing, a new prop and other than that just some alloy and lots of time. If there was a basic policy that wold let you buy those bits that cost about $4 - 5k and only cost about $200 - $300 a year, I think lots of people would take them up on it.
Obviously if someone claimed on it, that persons premium would go up. And if a person claimed multiple times in a short period, the company could decline to reinsure. But for people who fly and ground handle safely, it would just be a good layer of protection in case that one in a million lapse of judgement or real freak wind were to push you over.... at least you could get the big bits purchased while you fix the little time consuming things
I watched a guy at lake George get up on one wheel and smack the rotors into the dirt... the usual scimitar shaped rotors and prop strike and he dropped back onto 3 wheels.... but straight away he was looking at $5k and it didn't even go on its side
You could ask them if something like that was possible John?
And if someone really stuffs up, and buries it in a paddock, it would almost cover the funeral
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Fri Jul 08, 2016 5:00 pm
elwood
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The big thing Muz, is the liability for airport owners, Lets say someone hand props a gyro and it takes off at max speed with no one on it and goes right into the corporate hangar and t-bones a Cessna citation, at least that would be covered, forget about the gyro.
Or like at Mentone a few years ago when a guy lost control and wiped out 3 other gyros on the flightline.
But none of us stick built flyers is going to pay $2000-$5000 a year.......for a machine we built for $10k.
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Fri Jul 08, 2016 5:13 pm
MadMuz
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Ok, I see what you mean... yeah, here in Oz, licenced pilots in registered machines have a $1mil insurance as part of our ASRA membership.... so we are covered for that sort of accident
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Fri Jul 08, 2016 5:31 pm
elwood
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I think that the biggest issue with the home builders is to have an affodable liability program to satisfy airports and such, most home builders will not require hull insurance. Myself like most would have no interest in paying thousands of dollars a year for a machine in premiums, for something that we can rebuild for a few thousand.
Not like the euro tub guys that need it more because of the high cost of the machine.
Hi Scott You are correct there are now two categories of gyroplanes, the original Bensens type and US kits stored in hangers and the 80K to 150K plastic euro gyro's.
PRA recognizes this and is working on two solutions. Our first solution is a liability ONLY program and the cost is $1,000 a year for signal place and $1,500 for two place machines. The 2nd solution is geared more towards the euro gyro where the bank and some owners wants them insured because of the high purchase price and for the bank loan if any. For these they need comprehensive insurance too and that the program I'm working on to reduce the cost as it is so much more expensive than for my fixed wing.
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Ok, I see what you mean... yeah, here in Oz, licenced pilots in registered machines have a $1mil insurance as part of our ASRA membership.... so we are covered for that sort of accident
That is the 1st program that PRA has now but I'm trying to lower the cost of that one too.
_________________ Resistance is futile…… You will be compiled! Cheers, John Rountree
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I think for a single place machine the insurance component is about $Au88.... I pay $Au206.00 a year all up for ASRA membership including the insurance component.... That is for a single place pilot. I think it is about $Au320.00 for a 2 seat pilot... just thunk you might be interested
_________________ I do all of my own stunts..... most of them are even planned!Ok, Ok.... some of them are planned..
If electricity comes from ELECTRONS, then surely morality comes from MORONS??
Sat Jul 09, 2016 3:25 pm
ALL IN
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I think for a single place machine the insurance component is about $Au88.... I pay $Au206.00 a year all up for ASRA membership including the insurance component.... That is for a single place pilot. I think it is about $Au320.00 for a 2 seat pilot... just thunk you might be interested
That is exactly the information I need to show the US insurance companies and ask why so cheap.
Do you know how many members are in ASRA as the total # of insured is one factor in them reducing the rates.
_________________ Resistance is futile…… You will be compiled! Cheers, John Rountree
PRA- Board of Director - Secretary PRA- Volunteer Coordinator
Last time we did the magazine posting, there was about 450 mags sent out, some are to libraries and overseas members and other non actual members such as the ultralight aircraft clubs etc... so I would say we have 425 active members or so. You have to remember our population is 22 million, compared to your 300 million plus
If you want to communicate with any big wigs from ASRA, let me know, I can give you their details so yo can ask how they did it.... do it
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If electricity comes from ELECTRONS, then surely morality comes from MORONS??
Sun Jul 10, 2016 6:21 am
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Last time we did the magazine posting, there was about 450 mags sent out, some are to libraries and overseas members and other non actual members such as the ultralight aircraft clubs etc... so I would say we have 425 active members or so. You have to remember our population is 22 million, compared to your 300 million plus
If you want to communicate with any big wigs from ASRA, let me know, I can give you their details so yo can ask how they did it.... do it
Muz that would ROCK! I'd like to contact them and learn the ins company that will do it for that price and approach them to do the same for PRA.
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