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Questions about insurance
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ALL IN
Joined: Mon Dec 30, 2013 9:08 pm Posts: 701 Location: San Diego, Ca. USA
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I've made an appointment with Falcon Insurance at the AirVenture = Oshkosh this year to pursue PRA's group insurance program.
If you have any questions you would like answered please post them here and will take them with me and get them answered and report back here.
_________________Resistance is futile…… You will be compiled! Cheers, John Rountree PRA- Board of Director - Secretary PRA- Volunteer Coordinator PRA31 - V.P. of S.D. Rotorcraft Club http://www.Pra31.orgU.S. Agent for Aviomania Aircraft http://www.AviomaniaUSA.com
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Fri Jul 08, 2016 9:56 am |
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elwood
Joined: Wed Nov 06, 2013 5:21 am Posts: 7162 Location: Lost
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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. The USUA used to have an insurance program for ultralights and trikes that was only a few hundred a year. But they exclude gyroplanes. http://www.firstflightinsurance.com/Sit ... sports.asp
_________________ It's never too late to be a bad example.
I spent all my money on Bikes, Broads, and Booze, the rest I wasted.
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Fri Jul 08, 2016 1:56 pm |
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MadMuz
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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 
_________________ 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??
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Fri Jul 08, 2016 5:00 pm |
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elwood
Joined: Wed Nov 06, 2013 5:21 am Posts: 7162 Location: Lost
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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.
_________________ It's never too late to be a bad example.
I spent all my money on Bikes, Broads, and Booze, the rest I wasted.
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Fri Jul 08, 2016 5:13 pm |
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MadMuz
Site Admin
Joined: Tue Sep 02, 2014 7:45 am Posts: 10144 Location: Poona, Qld, OZZY
Has thanked: 21980 times
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_________________ 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??
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Fri Jul 08, 2016 5:31 pm |
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elwood
Joined: Wed Nov 06, 2013 5:21 am Posts: 7162 Location: Lost
Has thanked: 115 times
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here we are just outlaws.....
_________________ It's never too late to be a bad example.
I spent all my money on Bikes, Broads, and Booze, the rest I wasted.
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Fri Jul 08, 2016 5:43 pm |
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ALL IN
Joined: Mon Dec 30, 2013 9:08 pm Posts: 701 Location: San Diego, Ca. USA
Has thanked: 738 times
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elwood wrote: 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. The USUA used to have an insurance program for ultralights and trikes that was only a few hundred a year. But they exclude gyroplanes. http://www.firstflightinsurance.com/Sit ... sports.aspHi 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.
_________________Resistance is futile…… You will be compiled! Cheers, John Rountree PRA- Board of Director - Secretary PRA- Volunteer Coordinator PRA31 - V.P. of S.D. Rotorcraft Club http://www.Pra31.orgU.S. Agent for Aviomania Aircraft http://www.AviomaniaUSA.com
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Sat Jul 09, 2016 1:52 am |
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ALL IN
Joined: Mon Dec 30, 2013 9:08 pm Posts: 701 Location: San Diego, Ca. USA
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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 PRA- Board of Director - Secretary PRA- Volunteer Coordinator PRA31 - V.P. of S.D. Rotorcraft Club http://www.Pra31.orgU.S. Agent for Aviomania Aircraft http://www.AviomaniaUSA.com
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Sat Jul 09, 2016 1:54 am |
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MadMuz
Site Admin
Joined: Tue Sep 02, 2014 7:45 am Posts: 10144 Location: Poona, Qld, OZZY
Has thanked: 21980 times
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_________________ 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??
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Sat Jul 09, 2016 3:25 pm |
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ALL IN
Joined: Mon Dec 30, 2013 9:08 pm Posts: 701 Location: San Diego, Ca. USA
Has thanked: 738 times
Been thanked: 603 times
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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 PRA31 - V.P. of S.D. Rotorcraft Club http://www.Pra31.orgU.S. Agent for Aviomania Aircraft http://www.AviomaniaUSA.com
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Sat Jul 09, 2016 4:47 pm |
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MadMuz
Site Admin
Joined: Tue Sep 02, 2014 7:45 am Posts: 10144 Location: Poona, Qld, OZZY
Has thanked: 21980 times
Been thanked: 6259 times
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_________________ 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??
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Sun Jul 10, 2016 6:21 am |
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ALL IN
Joined: Mon Dec 30, 2013 9:08 pm Posts: 701 Location: San Diego, Ca. USA
Has thanked: 738 times
Been thanked: 603 times
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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.
_________________Resistance is futile…… You will be compiled! Cheers, John Rountree PRA- Board of Director - Secretary PRA- Volunteer Coordinator PRA31 - V.P. of S.D. Rotorcraft Club http://www.Pra31.orgU.S. Agent for Aviomania Aircraft http://www.AviomaniaUSA.com
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Sun Jul 10, 2016 11:38 am |
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MadMuz
Site Admin
Joined: Tue Sep 02, 2014 7:45 am Posts: 10144 Location: Poona, Qld, OZZY
Has thanked: 21980 times
Been thanked: 6259 times
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_________________ 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??
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Sun Jul 10, 2016 12:04 pm |
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ALL IN
Joined: Mon Dec 30, 2013 9:08 pm Posts: 701 Location: San Diego, Ca. USA
Has thanked: 738 times
Been thanked: 603 times
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How do you see your PM's on this forum?
_________________Resistance is futile…… You will be compiled! Cheers, John Rountree PRA- Board of Director - Secretary PRA- Volunteer Coordinator PRA31 - V.P. of S.D. Rotorcraft Club http://www.Pra31.orgU.S. Agent for Aviomania Aircraft http://www.AviomaniaUSA.com
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Mon Jul 11, 2016 9:33 pm |
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kmethvin
Joined: Tue Mar 15, 2016 8:39 am Posts: 6 Location: Florida
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Very top of the page under logo.
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Mon Jul 11, 2016 10:55 pm |
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ALL IN
Joined: Mon Dec 30, 2013 9:08 pm Posts: 701 Location: San Diego, Ca. USA
Has thanked: 738 times
Been thanked: 603 times
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Thank you Murray!!!!
_________________Resistance is futile…… You will be compiled! Cheers, John Rountree PRA- Board of Director - Secretary PRA- Volunteer Coordinator PRA31 - V.P. of S.D. Rotorcraft Club http://www.Pra31.orgU.S. Agent for Aviomania Aircraft http://www.AviomaniaUSA.com
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Tue Jul 12, 2016 3:03 am |
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