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ACRO E-mail Archive Thread: [Acro] Re: Low time pilot needs insurance for ...



                


Thread: [Acro] Re: Low time pilot needs insurance for ...

Message: [Acro] Re: Low time pilot needs insurance for Pitts S-1S

Follow-Up To: ACRO Email list (for List Members only)

From: Gil & Phyl Tellier <giltel at earthlink.net>

Date: Wed, 29 May 2002 10:24:55 UTC


Message:

  This is excellent advise to be recognized by all that insure. I have my S-1S
covered for 50K and that would not cover the replacement with like plane but at
least would get me a decent  S-1T or a fair start on a monoplane.
Gil Tellier, IAC CH. 49

Herman Dierks wrote:

> 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
> > >
> > >
> >
> >


                


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