08 May 2025, 09:40 [ UTC - 5; DST ]
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Post subject: Insurance Posted: 15 Aug 2020, 16:48 |
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Joined: 02/24/12 Posts: 9 Post Likes: +1
Aircraft: k35
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Just been notified that my aircraft insurance policy will not be renewed. I am assuming it is an age situation. I turn 80 in November and am very healthy. I've never had a claim/incident in 55 years of flying. Is there anyone out there who has faced a similar situation? If so, how was it resolved/ Thanks, R. C.
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Post subject: Re: Insurance Posted: 15 Aug 2020, 16:54 |
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Joined: 07/11/14 Posts: 1375 Post Likes: +364 Location: 46U
Aircraft: C182, Lancair IV-P
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Roger,
Really feel for you. Why isn’t AOPA, EAA, etc. fighting this ageism problem instead of making feel good videos?
Best,
Tom
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Post subject: Re: Insurance Posted: 15 Aug 2020, 17:39 |
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Joined: 02/24/12 Posts: 9 Post Likes: +1
Aircraft: k35
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Thank you for your replies. I have in the past years been working with an aircraft insurance broker. They are the ones who informed me of the non-renewal decision. They also, at this point, did not offer any solution. I will query them tomorrow and will also phone Avemco as was suggested.
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Post subject: Re: Insurance Posted: 15 Aug 2020, 22:12 |
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Joined: 08/11/08 Posts: 2942 Post Likes: +1744 Location: Sacramento, CA KLHM
Aircraft: S35, RV-7
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Username Protected wrote: Just been notified that my aircraft insurance policy will not be renewed. I am assuming it is an age situation. I turn 80 in November and am very healthy. I've never had a claim/incident in 55 years of flying. Is there anyone out there who has faced a similar situation? If so, how was it resolved/ Thanks, R. C. I was in the same situation. Avemco resolved it.
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Post subject: Re: Insurance Posted: 15 Aug 2020, 22:16 |
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Joined: 01/23/13 Posts: 9114 Post Likes: +6876 Company: Kokotele Guitar Works Location: Albany, NY
Aircraft: C-182RG, C-172, PA28
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Username Protected wrote: Roger,
Really feel for you. Why isn’t AOPA, EAA, etc. fighting this ageism problem instead of making feel good videos?
Best,
Tom Many threads on this. I suspect that there is little that advocacy groups can do. Insurance companies make money by investing our premiums in bonds (which haven't been paying much) and by not paying out claims. There was a rash of high-dollar claims in recent years, and insurance companies are choosing to limit their exposure so they can continue to be profitable. Many companies are choosing to stop writing aviation policies altogether.
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Post subject: Re: Insurance Posted: 16 Aug 2020, 00:05 |
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Joined: 06/17/14 Posts: 5852 Post Likes: +2628 Location: KJYO
Aircraft: C-182, GA-7
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Three things to do: 1 - Contact AOPA. They are tracking this as well as talking to insurance companies. 2 - Contact Tom or one of the active brokers on here. They will tell you whether or not they can help. 3 - Contact Avemco Years ago I had Avemco for renters insurance and they were reasonable. However, I was a much younger pup.
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