28 Mar 2024, 08:08 [ UTC - 5; DST ]
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Post subject: Re: The definitive Piaggio P180 Avanti thread. Posted: 11 Aug 2020, 10:38 |
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Joined: 03/09/11 Posts: 1724 Post Likes: +784 Company: Wings Insurance Location: Eden Prairie, MN / Scottsdale, AZ
Aircraft: 2016 Cirrus SR22 G5
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Username Protected wrote: What's the insurance market like for these? Hull value works in the Avanti I/II favor but 9-10 seats works against it. The PC12 market, for example, has gotten nearly prohibitive for new pilot entrants (vs renewals). My broker told me that there are only 2 markets underwriting Piaggio at present and it is considered a "specialty" risk. I would be curious to get some broker responses to this because the airplane itself seems like a terrific value for the performance. Joel- There is a slightly smaller market for the Piaggio with the insurance underwriting carriers due mainly to some of the reasons John L cited in his prior post. That said when you have a logbook like Mark Wyant does - insurance is a non-issue in this airplane
_________________ Tom Hauge Wings Insurance National Sales Director E-mail: thauge@wingsinsurance.com
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Post subject: Re: The definitive Piaggio P180 Avanti thread. Posted: 12 Aug 2020, 08:14 |
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Joined: 05/30/17 Posts: 198 Post Likes: +159
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Thanks Tom, that's exactly what I'm afraid of ... my logbook looks *just* a little skinnier, even with my M600 time!
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Post subject: Re: The definitive Piaggio P180 Avanti thread. Posted: 12 Aug 2020, 10:53 |
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Joined: 07/24/14 Posts: 1754 Post Likes: +2213
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Username Protected wrote: What's the insurance market like for these? Hull value works in the Avanti I/II favor but 9-10 seats works against it. The PC12 market, for example, has gotten nearly prohibitive for new pilot entrants (vs renewals). My broker told me that there are only 2 markets underwriting Piaggio at present and it is considered a "specialty" risk. I would be curious to get some broker responses to this because the airplane itself seems like a terrific value for the performance. Joel- There is a slightly smaller market for the Piaggio with the insurance underwriting carriers due mainly to some of the reasons John L cited in his prior post. That said when you have a logbook like Mark Wyant does - insurance is a non-issue in this airplane How does the market look for mere mortals? Say, someone with 3000 hours and 500 turbine? CFI/Com/MEL/Inst
_________________ Jay
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Post subject: Re: The definitive Piaggio P180 Avanti thread. Posted: 12 Aug 2020, 11:16 |
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Joined: 03/09/11 Posts: 1724 Post Likes: +784 Company: Wings Insurance Location: Eden Prairie, MN / Scottsdale, AZ
Aircraft: 2016 Cirrus SR22 G5
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Username Protected wrote: How does the market look for mere mortals? Say, someone with 3000 hours and 500 turbine? CFI/Com/MEL/Inst Should be fine Jay - not a ton of insurers as noted but you should be able to obtain reasonable pricing in my estimation.
_________________ Tom Hauge Wings Insurance National Sales Director E-mail: thauge@wingsinsurance.com
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Post subject: Re: The definitive Piaggio P180 Avanti thread. Posted: 12 Aug 2020, 18:17 |
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Joined: 09/02/09 Posts: 8415 Post Likes: +8303 Company: OAA Location: Oklahoma City - PWA/Calistoga KSTS
Aircraft: UMF3, UBF 2, P180 II
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Username Protected wrote: How does the market look for mere mortals? Say, someone with 3000 hours and 500 turbine? CFI/Com/MEL/Inst Should be fine Jay - not a ton of insurers as noted but you should be able to obtain reasonable pricing in my estimation.
It's definitely doable. I'm a mere mortal compared to you and I have a quote with not crazy pricing given today's market and terms I can live with.
_________________ Travel Air B4000, Waco UBF2,UMF3,YMF5, UPF7,YKS 6, Fairchild 24W, Cessna 120 Never enough!
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Post subject: Re: The definitive Piaggio P180 Avanti thread. Posted: 12 Aug 2020, 23:04 |
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Joined: 07/24/14 Posts: 1754 Post Likes: +2213
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Username Protected wrote: Should be fine Jay - not a ton of insurers as noted but you should be able to obtain reasonable pricing in my estimation. It's definitely doable. I'm a mere mortal compared to you and I have a quote with not crazy pricing given today's market and terms I can live with. Now we need to make the 11 parties in the market for an Avanti "an offer they can't refuse" to buy something else...
[youtube]https://youtu.be/fmX2VzsB25s[/youtube]
_________________ Jay
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Post subject: Re: The definitive Piaggio P180 Avanti thread. Posted: 19 Aug 2020, 14:15 |
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Joined: 09/02/09 Posts: 8415 Post Likes: +8303 Company: OAA Location: Oklahoma City - PWA/Calistoga KSTS
Aircraft: UMF3, UBF 2, P180 II
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I hope to be the third BT operator soon. Have a II under contract and headed to prebuy at ICJ soon. Neal is helping me acquire (of course) and inspecting today. Hopefully he or I can post a photo soon.
I've gotten a tremendous amount of help (and not a little temptation - sort of like free samples from drug dealers) from Adam, Anthony and Mark for which I'm grateful!
_________________ Travel Air B4000, Waco UBF2,UMF3,YMF5, UPF7,YKS 6, Fairchild 24W, Cessna 120 Never enough!
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Post subject: Re: The definitive Piaggio P180 Avanti thread. Posted: 19 Aug 2020, 14:35 |
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Joined: 01/16/11 Posts: 11105 Post Likes: +7090 Location: Somewhere Over the Rainbow
Aircraft: PC12NG, G3Tat
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Username Protected wrote: I hope to be the third BT operator soon. Have a II under contract and headed to prebuy at ICJ soon. Neal is helping me acquire (of course) and inspecting today. Hopefully he or I can post a photo soon.
I've gotten a tremendous amount of help (and not a little temptation - sort of like free samples from drug dealers) from Adam, Anthony and Mark for which I'm grateful! Congrats man, that's awesome!!!
_________________ ---Rusty Shoe Keeper---
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Post subject: Re: The definitive Piaggio P180 Avanti thread. Posted: 19 Aug 2020, 14:51 |
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Joined: 01/12/10 Posts: 396 Post Likes: +768 Location: Dallas, Texas
Aircraft: Piaggio P180, TTx
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Username Protected wrote: I hope to be the third BT operator soon. Have a II under contract and headed to prebuy at ICJ soon. Neal is helping me acquire (of course) and inspecting today. Hopefully he or I can post a photo soon.
I've gotten a tremendous amount of help (and not a little temptation - sort of like free samples from drug dealers) from Adam, Anthony and Mark for which I'm grateful! Congrats man, that's awesome!!!
Cmon Michael you're up to bat next!
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Post subject: Re: The definitive Piaggio P180 Avanti thread. Posted: 19 Aug 2020, 22:05 |
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Joined: 09/26/09 Posts: 1407 Post Likes: +872 Company: ElitAire Location: Columbus, OH - KCMH
Aircraft: Piaggio P180
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Username Protected wrote: I hope to be the third BT operator soon. Have a II under contract and headed to prebuy at ICJ soon. Neal is helping me acquire (of course) and inspecting today. Hopefully he or I can post a photo soon.
I've gotten a tremendous amount of help (and not a little temptation - sort of like free samples from drug dealers) from Adam, Anthony and Mark for which I'm grateful! Neal S and Mark James - talk about 2 of the best working together!
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Post subject: Re: The definitive Piaggio P180 Avanti thread. Posted: 20 Aug 2020, 00:44 |
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Joined: 01/07/08 Posts: 188 Post Likes: +242 Location: KCRQ Carlsbad, KTOA Torrance
Aircraft: Baron E-55, Stearman
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Mark, Do you have a black Mustang as well? I remember seeing one on the ramp at Jet Center in Carlsbad last year with The Saint Logo on the tail. Rick
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Post subject: Re: The definitive Piaggio P180 Avanti thread. Posted: 20 Aug 2020, 10:29 |
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Joined: 01/12/10 Posts: 396 Post Likes: +768 Location: Dallas, Texas
Aircraft: Piaggio P180, TTx
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Username Protected wrote: Mark, Do you have a black Mustang as well? I remember seeing one on the ramp at Jet Center in Carlsbad last year with The Saint Logo on the tail. Rick Yep that was me and that used to be my airplane. Sold it to go faster in a quieter airplane with a cabin 3 times as large for the same fuel flow (LOL). Here is a pic of my old bird, she was a sweet ride:
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