Slippery Wing wrote:Any operational limitations on those with insurance through Avemco? Off airport ops, grass strips, etc.?


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No operational limitations for me.

hotrod180 wrote:

C180_guy wrote:.. It is BWI that is being less than helpful in this case.

C180 guy, I'm curious if you talked to a higher-up at BWI and if so, what the outcome was.
Or if you just went elsewhere.

Called and asked to speak to Matt but was told his phone wasn't working or something like that. I told my account representative to stop screwing around and submit the higher hull value request to the underwriter and they reluctantly agreed. The underwriter came back and increased the hull to $100K as requested. BWI needs to get it together.

You just didn't ask nice enough. 2 years ago my premium @ $90K hull was $1400, Thanksgiving 2020 I ground looped did $63K worth of damage just barley kept repairs under total. AIG (thru BWI) renewed my policy @ $2800 (Feb 28 renewal) I decided my hull value was to low and increased it to $125K which increased my premium to $3900. Renewal is coming again next month, I'm informed that AIG is reducing my premium a whopping $100....Woo hoo.

G44 wrote:

Slippery Wing wrote:Any operational limitations on those with insurance through Avemco? Off airport ops, grass strips, etc.?


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No operational limitations for me.

Did a little Unintentional rototilling off airport while insured with a Avemco about 15 years ago,… They were great to work with and covered everything after the incident.

C180_guy wrote:.... Called and asked to speak to Matt but was told his phone wasn't working or something like that. I told my account representative to stop screwing around and submit the higher hull value request to the underwriter and they reluctantly agreed. The underwriter came back and increased the hull to $100K as requested. BWI needs to get it together.

I agree about BWI getting their shit together...or at least their account rep's.
My 53 is insured for 100K through BWI also, I pay $1,687 -- how bout you?

StuBob wrote:I’m tempted the same way. But values have gotten so high that I now find myself owning an airplane I couldn’t afford to buy. If I couldn’t buy it, I sure can’t self-insure it.

Where's that "like" button? That's me in a nutshell. Glad I bought when I did, because I couldn't afford a plane like mine today!

Which state and counties charge annual possession taxes on airplanes?

Here in California we have annual use tax on the aircraft.

Paul

What kind of hull value are you thinking to cover? Also I''m curious what your carrier will need for value justification based on the very unique and complete nature of your rebuild.

I'd be interested in the process if you are willing to share.

Thank you

JC

185Midwest wrote:Paul

What kind of hull value are you thinking to cover? Also I''m curious what your carrier will need for value justification based on the very unique and complete nature of your rebuild.

I'd be interested in the process if you are willing to share.

Thank you

JC

Great question and very timely
I’m just about to start the process, as in tomorrow, since it’s been grounded and in various states of disassembly - I’ve had just the minimum on the insurance side. Now that I’m getting close to being airworthy and my insurance just sent me a letter that it’s time to renew in about a month, I’m going be looking to right size the coverage - as for what that hull coverage will be, it’s going to be up there for sure - but need to have a talk with a few of the insurance companies and weigh the options.

corefile wrote:Here in California we have annual use tax on the aircraft.

Since you refer to it as a "tax", not a "fee",
I assume it is cost / value based.
What is the percentage of vale, and where does the state get that value?

hotrod180 wrote:

corefile wrote:Here in California we have annual use tax on the aircraft.

Since you refer to it as a "tax", not a "fee",
I assume it is cost / value based.
What is the percentage of vale, and where does the state get that value?

It is personal property tax from the county. Base is around 1.1%. They have some sort of assessor database they use to come up with value. However, pro tip is to use the historical exemption.