REFLECTOR: Builders Risk Policy

[Andy Millin]

My experience with Avemco has been mixed.  I started when they had the
"relationship" thing going with EAA.

 

The short of it was the Agents just did not know what coverage the company
was supposed to be offering.  Very unimpressive.  It sounds like they still
haven't fixed that problem.

 

That being said, I have heard of unhappy campers with just about every
insurance company going.   Although, to their credit, I have seen many
people recommend Pam at Falcon.

 

When times were good, it was not unusual for the companies to bump rates
every year on policy owners that had no claims.  It appeared as though they
were trying to find the aircraft owners tolerance for pain and maximize
profits far more than serving their clients.  The impression given was that
loyalty was more of a one-way street.

 

After hearing so much about insuring a Velocity over the years, I will just
treat it as a commodity.  Who has the best coverage at the best price.  For
construction insurance it has been Avemco.  I don't love or hate them.  It's
business.

 

Andy

 

 

 

 

 

From: reflector-bounces at tvbf.org [mailto:reflector-bounces at tvbf.org] On
Behalf Of Don Johnston
Sent: Thursday, March 12, 2009 5:27 PM
To: reflector at tvbf.org
Subject: REFLECTOR: Builders Risk Policy

 

Called Avemco and they REALLY did not want to talk insuring a Velocity!

 

At first they flat out said "No". Then after I mentioned that I was directed
to them by someone who was currently insured, they checked and said that
they would write the builders risk policy but that once the plane was
finished, so were they.

 

Falcon is sounding better. Waiting for a quote.

 

Thanks everyone!

 

-Don

 

Date: Tue, 10 Mar 2009 15:14:00 -0400

From: "Andy Millin" <amillin at sbcglobal.net>

Subject: Re: REFLECTOR: Builders risk policy

To: "'Velocity Aircraft Owners and Builders list'"

      <reflector at tvbf.org>

Message-ID: <007201c9a1b4$5f197960$1d4c6c20$@net>

Content-Type: text/plain;     charset="us-ascii"

 

I have mine through Avemco.

 

Cost will depend on what you declare the value to be.  I put the value as

what I have into it.  You could figure it as replacement cost.  Your call.

 

I don't recall the exact figure.  I think my last renewal was around $500

for the year.

 

Andy

 

-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://www.tvbf.org/mailman/private/reflector/attachments/20090313/2a59b89e/attachment.htm>