Re: Light Twins. How soft???

[EMAIL PROTECTED] (Paul Tomblin) wrote 
> Is this a plane you've owned for a while, or one that you've bought
> recently?

I'm not Dennis, but I've just renewed my insurance for the third time
and I paid $2500 for a mil of liability and $85K of hull.  I've also
seen quotes of over $7000 for the same coverage on the same plane. 
The buyer had no multi rating, no instrument rating, and less than 250
TT.

> I've heard it's absolutely impossible to get insurance for
> buying a twin in a large partnership or flying club, but if they already
> had a twin it's possible to renew it (just barely).

By large partnership, you probably mean more than 5 people.  Most
insurers treat you as a club at that point.

In any case, you've heard incorrectly.  An established club with a
long term favorable claims history that doesn't own a twin CAN get
insurance on one, but it costs big bucks.  In general, rental
insurance on a twin costs big bucks.  The reason is simple - someone
who doesn't fly a twin a lot is a hazard in one.  My insurer won't
even quote you if you don't have 80 hours twin time in the past year.

> I've also heard it's
> getting much much harder for single owners to get insurance for a twin
> unless they owned it a few years ago.

Once again, not true.  You can get insurance, but if you're not
qualified you can expect to pay through the nose.  If you're
multi/instrument rated and current, it's no big deal.

Michael