Who out there is insuring their 170 in Alaska? I am looking to close on a '54 170 in December and made a call to Avemco for some last minute questions on finalizing coverage. I was a bit surprised as their premium quote changed significantly from my earlier phone call.
I was looking to insure a $50k hull value with "full coverage." I am a low-time pilot (110 hrs total time and 75 tailwheel time) with my Private. My initial quote was $3300 annual. When I called back they said that they had made a mistake and the actual premium was $4400. $4400 for a $50k plane? Wowa
So who hear insures in Alaska? What kind of coverage do you carry? Who writes your policy? Occupant coverage? Liability limits? Deductibles? I would be curious to know. Of course those in the lower-48 can chime in about how low their rates are
I have used Avemco on my 170B for the last decade. I have had no claims, a completely clean record, and started out with them with more than 1,000 hrs AK tailwheel time at the time of my initial application. For similar coverage to yours today, hull (~45K) and liability (but only 3 seats) , I am paying about 1/2 of your quote. I suppose they are giving me some sort of credit for my -0- loss experience and accident free AK time. (Maybe they like my glider time as well..who knows.)
My $55K coverage with Avemco costs $1276/year for my Texas-based airplane, and includes Canada/Alaska. That includes a 10% discount I receive because of recurrent training I undergo at work. I talked to "Jason" at Avemco, and he explained that aircraft based in Alaska pose special problems for underwriters. One that I hadn't thought of is: If an airplane goes down due to engine failure, and even if no one is hurt and the airplane is a total loss...depending upon where exactly the wreckage is, ... AK laws and such usually still require the wreckage to be removed. That can amount to some pretty high expenses if a helicopter is hired to bring it out of some remote region.
Of course, other factors are the operating environment in AK, as well as the usual landing zone hazards associated with AK operations..... all on TOP of pilot experience, etc etc.
'53 B-model N146YS SN:25713
50th Anniversary of Flight Model. Winner-Best Original 170B, 100th Anniversary of Flight Convention. An originality nut (mostly) for the right reasons.
I have owned planes for 28 years in Alaska and never could afford Hull coverage. I had liability through Avemco for about 6 years until they doubled the price . That was for the same by law coverage as Auto. Good luck! Please let us know what you find?
A couple years ago, when I still lived in Alaska full time, I came very close to purchasing a 1988 Maule valued at about $90,000 (sure glad that didn't work out now...)
I received 2 different full coverage insurance quotes and both were in the $9000 range if I were to base the plane in Alaska but in the $3000 range were I to base the aircraft in Washington state where I have sinced moved.
Big difference.
At the time I was a much lower time TW pilot, but still... holy cow!
N9062A wrote:I have coverage for 40k. 800hrs in tw, 800 in AK. $1680
Share the name/contact-info of your agent and/or underwriter with others? Is that liability only? Or not-in-motion?
One thing I'm happy to report is that Avemco no longer has "family exclusion" clauses in their policies. (AND...they paid an unusual claim for me with no touble at all, and no increase in premium.)*
*(upcoming 170 News article)
'53 B-model N146YS SN:25713
50th Anniversary of Flight Model. Winner-Best Original 170B, 100th Anniversary of Flight Convention. An originality nut (mostly) for the right reasons.
Reading the post here.Contact Falcon Insurance Agency of Alaska.Dean or Patty should be able to get you a better quote.
888-543-5548. They are out of Soldotna.I pay under 1600 a year for 50,000 hull and 3 seats at 150,000 and 5,000 each medical,with 2500 deductable.
Fly safe.
Your'e getting whacked extra hard because of low time and being based in Alaska. Your premium should be way less if you had more time. It's the catch 22 of being a low time pilot up here.....
I have my airplane insured for $40,000.....a 172, moving....Dad has his 170 insured for $50,000.....non moving......we pay about the same amount $617.00 per year, through Travers...Brad
I hope your quote isn't a preview of things to come when time to renew. For a bit less in hull value on a B model, less than 250 hours TT I pay less than both your quotes with AVEMCO, based in Alaska and tied down on a gravel strip.
Richard
N3477C
'55 B model (Franklin 6A-165-B3 powered, any others out there?)
futr_alaskaflyer wrote:I hope your quote isn't a preview of things to come when time to renew. For a bit less in hull value on a B model, less than 250 hours TT I pay less than both your quotes with AVEMCO, based in Alaska and tied down on a gravel strip.
Whose quotes are you referring to, Richard?
'53 B-model N146YS SN:25713
50th Anniversary of Flight Model. Winner-Best Original 170B, 100th Anniversary of Flight Convention. An originality nut (mostly) for the right reasons.
futr_alaskaflyer wrote:I hope your quote isn't a preview of things to come when time to renew. For a bit less in hull value on a B model, less than 250 hours TT I pay less than both your quotes with AVEMCO, based in Alaska and tied down on a gravel strip.
Whose quotes are you referring to, Richard?
Sorry, the OP's, at top. I don't have my exact quote handy but I pay considerably south of $3k with AVEMCO.
Richard
N3477C
'55 B model (Franklin 6A-165-B3 powered, any others out there?)
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