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Thread: Insurance rate in XCub

  1. #11
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    Default Re: Insurance rate in XCub

    Quote Originally Posted by Springloaded View Post
    ""
    Dane
    I would think your insurance would consider you as high of risk as your wife if your on the policy as a pilot with 0 tailwheel time, with 850 hrs and instrument rating your insurance doesn’t think that preventing a ground loop which Is usually what cost insurance companies with new TW pilots and cost a lot to fix. I assume your going to do the Tac training as well. These are cub pilots teaching you specifically how to fly these planes and I think insurance companies recognize that specific training.
    Chuck
    Yep, I recognize that I'm a similar risk level as my wife, despite having a lot more hours, etc. Heck, I've been flying an aircraft with a yaw damper, NO rudder flying, and mostly autopilot in the flight levels - totally different skills. And yes, I'll do the same TacAero XCub transition course before I get to fly it. Wife gets to do it first though, as it's HER plane, and she wouldn't let me get training and fly it before she did! I'll be flying home with her this weekend, as a passenger.

  2. #12
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    Default Re: Insurance rate in XCub

    I just got my quote yesterday

    EX3 - $350k CAD Hull value (about 265k USD).

    Just over 100 hrs total time 10 tailwheel
    Only 1/3 Canadian insurers responded, the one that did was at 6800 CAD (about $5000 USD)

    I knew I would be hard to insure, this is still more than I expected. The 2% rate quoted earlier makes me feel a little better.

    I have time to build hours before the ex3 will be completed and flying - this insurance rate makes renting the local club’s citabria look more attractive






    Sent from my iPhone using Tapatalk

  3. #13
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    Default Re: Insurance rate in XCub

    Quote Originally Posted by MFury View Post
    I just got my quote yesterday

    EX3 - $350k CAD Hull value (about 265k USD).

    Just over 100 hrs total time 10 tailwheel
    Only 1/3 Canadian insurers responded, the one that did was at 6800 CAD (about $5000 USD)

    I knew I would be hard to insure, this is still more than I expected. The 2% rate quoted earlier makes me feel a little better.

    I have time to build hours before the ex3 will be completed and flying - this insurance rate makes renting the local club’s citabria look more attractive






    Sent from my iPhone using Tapatalk
    Wow, that's less than half what we're paying, at the same hull value and experience level! Grrr.

  4. #14
    Senior Member Rick Bosshardt's Avatar
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    Default Re: Insurance rate in XCub

    Dane,
    been watching this string.

    Question: Did you contact an aviation insurance broker specialist to quote it out for you? Or did you just go to one or two insurance companies yourself?

    Over the 5 years that Ive been flying tailwheels, and getting insurance each year, Ive found that each year when the broker farmed out the quote around to the various companies, there was a HUGE difference in the quotes! Sometimes as much as 2X.

    It was explained to me that many carriers like to focus on one or two niche areas, and not all of them really want to deal with tailwheel planes. So their quotes are just jacked up.

    Its worth having a broker shop around.

    Rick


    Rick Bosshardt
    SunCountry Cubs
    CubCrafters Dealer for AZ/NM/UT/CO/southern WY
    www.suncountrycubs.com

  5. #15
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    Default Re: Insurance rate in XCub

    Quote Originally Posted by Rick Bosshardt View Post
    Dane,
    been watching this string.

    Question: Did you contact an aviation insurance broker specialist to quote it out for you? Or did you just go to one or two insurance companies yourself?
    We got quotes from a broker that TacAero uses for their tailwheel insurance, and also from AOPA. I'd expected AOPA would have shopped it around, but I only see a single underwriter offered, so maybe they don't. We'll do a more comprehensive job of shopping it around next time!

    I guess I'll review the policy now too, maybe we can switch mid-year, if we could find a more cost-effective solution.

  6. #16
    Senior Member John Hodges's Avatar
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    Arroyo Grande, CA
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    Default Re: Insurance rate in XCub

    We're at 1.7% of hull value for our XCub with Northwest Insurance, and that's for an experienced tail wheel CFI. Are there any better deals out there?

  7. #17
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    Default Re: Insurance rate in XCub

    I used OLd Republic through Falcon agency on my newly completed EX-2. Hull premium was about 1.2% of agreed value and liability a further $355 ($1M single limit).

    They did require a make and model CFI check-out, so I made a trip to TacAero.

    ~3000 hrs, mostly tailwheel.

  8. #18
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    Default Re: Insurance rate in XCub

    That is also who I have used on all of my carbon cub’s but one thing to keep in mind is that old republic has a $200,000 upper limit on all experimental planes.

    Quote Originally Posted by Mark Albery View Post
    I used OLd Republic through Falcon agency on my newly completed EX-2. Hull premium was about 1.2% of agreed value and liability a further $355 ($1M single limit).

    They did require a make and model CFI check-out, so I made a trip to TacAero.

    ~3000 hrs, mostly tailwheel.
    Dave Embry
    "You only live once.....
    ..but if you do it right.....
    ....once is enough."..

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