Heading South tonight to bring another plane North to AK. I have been waiting to hear back from BWI on an insurance quote for a number of days. Received a call this morning and was surprised to discover that none of their underwriters will write a policy due to a claim I made last year.

Have any of you dealt with this? Know another company that I should consider?

I had heard of companies not writing policies if you had an accident/incident without coverage, but my claim wasn't related to either...

In my experience, they didn't care about crashes without coverage. They were only concerned with the number of years since last claim.

I’ve had 2. One total and one not. Never an issue getting it back. Can’t remember the name of the company with the total, the other was AVEMCO. Both Alaska. They just wanted the $$$$ premiums.

Had similar experience to yours.
After claim, the only company who would offer a quote for insurance was the one that paid the claim...no other underwriters would give a quote.
Needless to say...the premium was quite a bit higher.
(The claim was for Not In Motion storm damage while tied down outside at a weekend fly-in.)

What was surprising:
When a 2nd plane came up for insurance renewal (with common pilot names to the storm-damaged aircraft)...
the underwriter (different from storm-damage claim) said the premium would be higher on 2nd aircraft due to incident/accident
within last 5 years...

I agree that this seems a bit extreme and biased...but I don't have an answer on how to solve it...if we want insurance...the underwriters seem to set the rules...

I assume BWI talks to all the same companies that everyone else does. If so then that only leaves Avemco. You might try another broker just to be sure, Ladd Gardner is mine. I do know that a few companies have decided to no longer insure in Alaska.

I would try Avemco.

When I first got my Maule M7 235 HP, I only had 100 hours in 152, 172. 0 TW time. Avemco was the only company who would write me a policy. They seem to be ok with high risk pilots.

BTW in 2006 it cost me $6500 for 1 year.

Cheers...Rob

Call AVEMCO, unless you’re doing flight instruction or operating the plane commercially.

They will insure for limited flight instruction now.

MTV

My insurer underwriter is UK based, local broker. They only care about time since last claim, they said after 3 years it's basically like a clean slate.

I had an incident landing at night at KTRK 2001....the runway has rain grooves and it is quite noisy as you decelerate(chirp ZZZZZZzzzzzzzzzzz).....startled a herd of deer that were grassing to flee across my path.....All I saw was shadows that appeared out of the dark. Struck about 5 at around 50MPH. $40K and 6months to get my rig back in the air(New Prop/Engine). Insurance covered 30K. I don't deal with insurance companies directly. I use a broker. Always have. I was insured by AIG and they covered the indecent. They tripled the rate when the insurance was due....the broker found another company at my normal rate at the time @1.8K/yr no deductible. (175K Hull, 1Meg ...6 passengers..dirt ops...it's a 206 so insurance is cheap and good coverage). The following year AIG was the lowest bid so I was back with them again.

Use a broker. To me it's the low hassle way to go.

Steve

macica wrote:Use a broker. To me it's the low hassle way to go.

Steve

AVEMCO is the only direct insurer. To insure with any other underwriter, you have to use a broker.

MTV