3 Responses to “Non Owners / Renter's Insurance. Good companies?”

1. admin says:

   April 19 at 3:16 pm

   > Mike wrote:

   > Wondering about specific (company) recommendations where people have been
   > satisfied etc. Also general costs involved for a new Private Pilot
   > flying 172′s. But particularly the former,even with Tel # etc. if
   > possible.
   > Post reply or EMAIL me at: al…@ix.netcom.com
   > Thanks,
   > Mike
   > Oklahoma

   ————————–
   After talking to a lot of renters, I went with Avemco (probably the most
   widely recognized).  After comparing their prices with others (even some
   no-name co.’s), they seemed to be in line with the rest of the industry,
   and the peace of mind that you get with a large provider was worth any
   extra cost.

   Basically, there are two main parts that you can purchase…

   1. Bodily Injury and Property Damage Liability
           Liability protection for you against claims for bodily injury
   (including death) and damage to other’s property not in your care or
   custody.  Not included are claims for damage to the rented or borrowed
   aircraft.  Also not included are claims by passengers if you are a
   student pilot.

   2. Aircraft Damage Liability
           Liability protection for you for damage to the aircraft if you are
   renting or borrowing.  This includes loss of its use and the owner’s
   deductible.  A guideline in the selection of your Aircraft Damage
   Liability policy limit would be the value of the non-owned aircraft you
   usually fly.  If you want Aircraft Damage Liability, you must also
   purchase the Bodily Injury and Property Damage Liability part.

   I primarily rent 172s and older Archers.
   On the Bodily/Property section, I purchased limits of $25,000 each
   person, $250,000 property damage, and $250,000 each accident.  Total
   premium per year is $50.  On the Aircraft Damage section, I purchased a
   $25,000 limit for $250 per year.

   So I pay about $300 per year for both sections.

   Avemco can be reached at 1-800-638-8440.

   regards,
   Gary

   –

   Gary T. Craze

   Visit the HandHeld GPS and Moving Map InfoCenter at:
   http://rampages.onramp.net/~gcraze/

   Visit Compaq on the World Wide Web at:
   http://www.compaq.com

   Drop me an email at:  gcr…@bangate.compaq.com
   Compaq Computer Corp.  Houston, TX
   Technology Planning, Portable Division
   |Comments are my own and do not reflect |
   |those of Compaq Computer Corporation   |
2. admin says:

   April 19 at 3:16 pm

   > gcr…@bangate.compaq.com wrote:
   > >I primarily rent 172s and older Archers.
   > >On the Bodily/Property section, I purchased limits of $25,000 each
   > >person, $250,000 property damage, and $250,000 each accident.  Total
   > >premium per year is $50…  
   cpor…@primenet.com wrote:
   > Another thing to take into consideration when purchasing the Avemco
   > Direct Approach renters policy is that the Bodily injury portion of
   > the policy will only pay 25% if the injured is your spouse, and only
   > 12.5% if the injured is your child or parent…

   Absolutely right!  This is the "default cheap" National/Avemco quote.
   If your wife is hurt, how long will $5,000 keep her in the hospital?
   Perhaps only a few hours.  After that, you’ll be on your own.

   AAU, AIG and American Eagle have no family exclusions, their minimum
   coverage is $100,000 per passenger with no "per person" limit, and you
   can get $1,000,000 "smooth" (with no per pax limits, although the premium
   almost doubles).  USAIG has no "per pax" or "per person" limits.  That
   covers some real-life hospital and  disability costs.  If you were ever
   sued, they’re gonna be there protecting their million, not paying off,
   walking away and leaving you to hire your own lawyer.

   Note the low-ball "per person" limit on your National/Avemco policy.  If
   you taxi into a pedestrian, or crash into their house, it applies.  There
   is no "per person" limit on a good policy, although you might elect to
   accept a "per passenger" limit for the lower premium.

   I asked National/Avemco to quote competitive coverage limits, and they
   quoted a higher premium than these better insurers!  Also in the fine
   print they have an "FAR violation exclusion", and a reputation for being
   slow to pay while they try to find a way to use it to deny a claim.

   There is more to insurance than the premium… shop around (I have been,
   as you might guess).  National/Avemco are popular because they quote
   low… but you may find that their coverage is low and slow, too?
   – Rod Farlee
3. admin says:

   April 19 at 3:16 pm

   In article <3214D3BE.1…@bio-rad.com>, Rod Farlee

   <Rod_Far…@bio-rad.com> writes:
   >There is more to insurance than the premium… shop around (I have been,
   >as you might guess).  National/Avemco are popular because they quote
   >low… but you may find that their coverage is low and slow, too?

   Does it matter?  Are you planning to have an accident? ;—)
   –Bill

   _________________________________________________________________________
   Wm W. Plummer, 7 Country Club Dr., Chelmsford MA  01824
   508-256-9570       PP-ASEL,G  SP-ASES,LB