GA Insurance going up and more restrictions
07-09-2023, 08:11 PM
#1
Gets Weekends Off
Thread Starter
Joined APC: Dec 2017
Position: Retired NJA & AA
Posts: 2,001
GA Insurance going up and more restrictions
https://youtu.be/vflWOx561dc?t=836
The YouTube link starts about 14 minutes into the video done by Dan Gryder. He's interviewing someone in the Aviation Insurance Business. Some major changes are coming.
-Only 12-13 companies are writing policies for GA aircraft
-Reinsurance is getting more difficult, companies are taking more of a loss
-They're looking at 500 hour min time before writing a policy, and 100 hours in make and model
-Pilots age 70 and over only have 2 companies that will write coverage
-no multiengine coverage for pilots 70 and over
-rate increases running around 25%
There have already been 9 fatal GA accidents in July.
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The YouTube link starts about 14 minutes into the video done by Dan Gryder. He's interviewing someone in the Aviation Insurance Business. Some major changes are coming.
-Only 12-13 companies are writing policies for GA aircraft
-Reinsurance is getting more difficult, companies are taking more of a loss
-They're looking at 500 hour min time before writing a policy, and 100 hours in make and model
-Pilots age 70 and over only have 2 companies that will write coverage
-no multiengine coverage for pilots 70 and over
-rate increases running around 25%
There have already been 9 fatal GA accidents in July.
-
07-10-2023, 02:26 PM
#4
Gets Weekends Off
Thread Starter
Joined APC: Dec 2017
Position: Retired NJA & AA
Posts: 2,001
Well Dan is a **bit** opinionated but he does admit when he's wrong and makes the corrections. I like what Dan and other YouTube pilots are doing with the "AQP for General Aviation". If it becomes widespread among GA pilots I think it could save lives.
