ACRO E-mail Archive Thread: [Acro] Re: Low time pilot needs insurance for ...
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Thread: [Acro] Re: Low time pilot needs insurance for ...
Message: [Acro] Re: Low time pilot needs insurance for Pitts S-1S
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From: "Herman Dierks" <hdierks at ev1.net>
Date: Tue, 28 May 2002 05:35:12 UTC
David, under insuring your aircraft is a very risky thing to do. Any damage close to 10K and the insurance co will keep the plane and give you the 10K (assuming you file a claim). Lets say the plane is worth 30K. You have just lost 20K in the deal. I guess in this case you would not file a claim, but then the insurance has not done you much good. We all hate to buy insurance but if you do you should buy it for the correct value (not over or under insure). I can see where a note holder (bank) may be happy that their interest is covered. Its usually not that much more to insure for full value. AOPA has had some good insurance articles on this in the past. Herman ---------- > From: David Magaw <dmagaw at att.net> > To: Klusmanp at aol.com; acro at gf24.de > Subject: [Acro] Re: Low time pilot needs insurance for Pitts S-1S > Date: Saturday, May 25, 2002 10:21 PM > > I am buying an S1S, and I have about 240 hour TT, but 180 of that is in > taildraggers, and about 10 hours dual in the front seat of an S2B (recent). > Both me and my instructor feel that I am basically ready to fly the S1S with > another refresher just before I get it (in a week or two). I got insurance > on the S1S through the Falcon agency that was reasonable in my opinion--$750 > for liability and another $750 for $10000 hull coverage. I didn't insure > the hull for the replacement cost obviously as I am willing to bear some of > the loss in such an unfortunate (and hopefully unlikely) event. IMHO you > definitely need more taildragger time or perhaps 20 hours in an S2B. At > Attitude Aviation where I am taking lessons, I think they require 20 hours > or more to solo a Pitts S2B. > > Dave > > ----- Original Message ----- > From: <Klusmanp at aol.com> > To: <acro at gf24.de> > Sent: Saturday, May 25, 2002 10:11 AM > Subject: [Acro] Low time pilot needs insurance for Pitts S-1S > > > > Pitts pilots: > > > > Question about Pitts insurance for low time pilot. I have 450 hrs total > time. > > I've got only 5 hrs taildragger time but I do have a tailwheel endorsement > > from an aerobatic course I took at Purdue University. One insurance > company > > tells me they cannot offer anything to me for a Pitts until I have 250 hrs > TD > > time. This is a fairly well established company with access to many > > underwriters. They said they MIGHT be able to find someone to write a > policy > > if I get 25 hrs dual in a 2-seat Pitts but they are not too optimistic. > > > > Another insurance company has given me a quote that only requires 10 hrs > dual > > in the 2-seater to cover me. Sounds great but now I fear they are some > kind > > of fly-by-night operation. > > > > I have arranged to get some dual instruction in an S-2B from a fellow in > > Boulder. I'm thinking 10 - 20 hrs would be reasonable. I've had many > people > > tell me you don't just hop into a Pitts and go flying so I'm pretty > > enthusiastic about the dual instruction. > > > > Any low time pilots out there who have successfully done a transition to a > > Pitts please let me know what insurance company you used and how much dual > > you had to get. > > > > Thanks, > > Paul Klusman > > > > > >