I got insurance last week for the first stage of my trigear motorglider and
was told that they would insure the plane during building, but would
probably not issue flight insurance for motorgliders.
Gary Leinberger (gleinberger@millersville.edu)
-----Original Message-----
Subject: Avemco chickens out...
All:
I've been gone for a week on vacation to find this in my in-box from AOPA
e-pilot, V4 issue 3:
Homebuilt aircraft owners were shocked last week when Avemco (which is a
direct insurer,
not an insurance agency) suddenly issued a moratorium on policies for
higher performance
homebuilt and experimental aircraft. The company reportedly will no
longer write new policies
for aircraft with retractable gear, more than 200 horsepower, more than
$200,000 in value, or
capable of cruising faster than 180 knots.
But the AOPA Insurance Agency (AOPAIA) has identified a number of
companies willing to
write such insurance. "Sadly, we can't help everybody. There are some
risks the insurance
companies are unwilling to cover," said AOPA President Phil Boyer.
One more chapter in the aircraft insurance collapse travesty. Clearly, the
Tri-gear would not fall
into the excluded class...but would the Monowheel? Avemco offers
homebuilder's insurance -
but will it back away from flight insurance for Europoids? Monday will be
busy...
Shaun
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