RobBurson wrote:He told me to do 200 landings with my instructor and I totally agree. He insists no wrecks, bad for business and insurance. If your instructor doesn’t have insurance and a lot don’t you might have to get it for them. I did. $300.00 for 3 months. Rip-off. That’s another story. Scoot, you in Oregon or Texas? Cheers…Rob
Be sure to find a high time Maule instructor as well or you will be defeating the purpose. The less accidents that occur in a particular model aircraft, the cheaper the insurance on that model will become. Once my article on tailwheels and insurance has gone thorough all the editing process, I will post it for yall to read. It may answer some of your questions.
There is no reason to buy insurance for your instructor unless he insist on you doing so. The policyholder is always covered provided the instructor meets the open pilot requirements. Some instructors choose not to insure themselves to save $600 per year and require that the owner of the aircraft do so. The CFI only needs to be listed as a named pilot on most policies in which case he would be considered a "named insured" and have the same coverage as the aircraft owner. In the event that your policy wording does not consider the named pilots as named insureds you would just need to add the instructor as an additional insured with a waiver of subrogation with regards to providing instruction to the policyholder. Most underwriters will do this at no charge, or for a $100 fee since dual instruction is either required or requested by them in the first place.
scoot wrote:Called an ins broker on Wed(that I had already spoken to once) to get a real quote on a M7-235, but still haven't heard back yet---didn't realize it would take this long.
It usually takes at least a full week to get all the quotes in for a particular risk. In the case of a hard to place risk it may take longer. I try to give my clients a call or email every other day to update them on the options thus far, if you do not hear back by Monday you should give him a call. Since you have flight experience, but no tailwheel or Maule experience your agent will probably be able to get quotes from 2 or 3 companies; London Aviation Underwriters, Aerospace Aviation Underwriters, or W Brown. Global may be a player if you have a strong transition plan and a high time Maule CFI. You will have to try Avemco on your own since they are a direct writer. A lot of times they are the only market available for new TW pilots, but I would suggest using them until you get your TW time built up and the other markets become availalbe and then move to one of the other companies.
You should expect a total premium in the neighborhood of $4,000 - $4,500 dollars for the first year and that should drop to around $2,500 after you get around 100 hours in the Maule.
-Low