Just bought a plane and will be bringing it up to Alaska in April. I got a pretty pricey insurance quote from Avemco and several other nationwide companies won't even quote Alaska airplanes. Anybody know of any good insurance companies. I know there will be an Alaska premium but 3 times the price versus Outside seems crazy. Oh the joy of ownership
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Originally posted by greythorn3 View Posti was told you dont have to have insurance if your private plane in alaska.
But, If the Bank "owns" it (Loan), they DO require that you have insurance. Most of the pilots I know, including myself, do not have insurance.
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Welcome to the chase. In my experience, the available insuruers (there are not many) will give you poor coverage (100 to 250 per seat not smooth) with a 10 per cent deductable. When I informed ny broker that I had an instrument rating and wanted the 10 % discount I had heard about, they laughed. In Alaska they want to charge you more for flying instrument. I finally have a liability package only as is required by Canada for my trips back and forth. At the prices quoted, versus the coverage offered, it's is a questionable call as to it's value.
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Originally posted by SuperCub View PostOnly if you "OWN" your airplane...
But, If the Bank "owns" it (Loan), they DO require that you have insurance. Most of the pilots I know, including myself, do not have insurance.
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spam,
I got mine last yr after i bhght my 180B. Call Dean..He'll tell ya like it is and work with ya best he can. He flies here and know all the rules. They insure many planes here.
Tell him W Harvey sent ya.
Dean Eichholz
Falcon Insurance Agency of Alaska, Inc.
P.O. Box 3009
Soldotna, AK 99669
907-262-5548 phone
907-262-5578 fax
907-398-6228 cell
Good Ruck!..
Rick
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I only fly family and occasionally close friends ... paid cash for my C-180, I would love to share with others .... but not with hull insurance and liability as high as I found .... When you tell the insurance agent that you fly a tail dragger and land off airport they really do not want to work with it. If I would have paid insurance on my aircraft for the last 27 years (no off airbort wrecks), I would have paid for a second c-206 on Amphibious floats ....
To anybody financing their dream .... well you have to pay for it, in more ways than one. No more than 10% of net worth spent on big boy toys .... otherwise invest and be paitent.
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Originally posted by ocnfish View PostI only fly family and occasionally close friends ... paid cash for my C-180, I would love to share with others .... but not with hull insurance and liability as high as I found .... When you tell the insurance agent that you fly a tail dragger and land off airport they really do not want to work with it. If I would have paid insurance on my aircraft for the last 27 years (no off airbort wrecks), I would have paid for a second c-206 on Amphibious floats ....
To anybody financing their dream .... well you have to pay for it, in more ways than one. No more than 10% of net worth spent on big boy toys .... otherwise invest and be paitent.
I paid cash for mine to but I wld never fly w/o Liability insurance. I don't want to loose what I've accumulated if sued for whatever reason.
Liability is not expensive.
Rocket
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Yea Rocket ... you are probably right about liability, at the hangar today looking at the boat plane and hangar all cash purchases I have about 1/3 million hanging out in the breeze, need to look into it and get something for liability and a disaster caused by someone else in the 10 plex hanger doing something stupid and burning the place down.
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