Buying an airplane the first time - insurance question

[mike123]

Hello,

Looking for an advice how to select an insurance policy for a Cessna 152 that will be used for PPL and CPL flight training. Possibly will be selling blocks of hours to other students.
Thanks in advance.

[cap41]

Global Alliance. Block time to other students maybe difficult. In most cases they have to be added to your policy. As a student without any hours it may be cost prohibitive to pay insurance and block time amount. Also, if you are both training. most likely when ever there is good weather you will probably want to fly at the same time.

COPA also has some good insurance rate.

[Nark]

I'm not sure how this will work for you, but I contacted AIM in Ohio, which is a brokerage, not an issuing company. They found a place what would insure me/plane for nearly half of what avemco quoted.

http://www.aimofohio.com

[LousyFisherman]

Please post your experiences while working through this. There are many, including myself, who are very interested in insuring aircraft as low time pilots.

LF

[FenderManDan]

As low timers in Canada you dont have much options. COPA still gets the best rates.
I say this because i keep checking on this and i am a bit under 200 TT. Gold option has instructors automatically included. You will need to add separately whoever wants the block time unless this person has the current instructor rating. Rate will be based on the lowest TT pilot.

[CpnCrunch]

AON seems to have pretty cheap rates, and it's easy to add on pilots to the policy (although it can take them a few days to do it).

[ahramin]

Check with COPA, EAA (C-PLAN), and AON, plus any local brokers you may find advertising at your airport. Get rates for your current use, then ask them how you would add renters to the policy, how much it would cost, and how many you could add. Do not take vague answers.

In my experience in Canada the prices are always within 20% of each other, but the ease of dealing with the various brokers and underwriters can be worlds apart. COPA has often had the lowest rates, but have always been a pain with silly requirements. My current insurance with EAA covers anyone flying my plane as long as they have 25 hours on type. No checkout required, no paperwork or listing names. Compare this to COPA which were $80 cheaper a year and wanted me to get a checkout (to fly a plane I've owned for 8 years) from an instructor with zero experience on anything remotely comparable.

[mike123]

Thank you all for your input.
I'll keep you posted.

[dirk82]

CPLAN through EAA has been my choice for the past few years, I found they have the best rates as well as fairly easy blanket coverage. On my current policy anyone who has 20hrs on type and 10 in the last 12 can hope in and go without having to name them to the policy. Great people to deal with down there.

[Luscombe]

COPA. I've been an owner for 24 years and over time they have proven to be the least expensive choice. I tried others when I first bought my plane, before I knew any better. A friend of mine put me on to COPA and been with them since.

Keeping this in mind though, I've never had a claim so I can't really vouch for how good they are that way.

[dhb]

There are better options out there than COPA. You pay a lot for policies that allow anyone to fly and typically, those policies have tight wordings. If you are the only person flying your aircraft, you can get a better wording and better pricing by finding a broker who will do a bit of shopping on your behalf.

There are a lot of aviation insurance companies in Canada competing for your business. For low time pilots: AVRO Insurance in Vancouver. Allianz in Toronto, Global Aerospace in Vancouver and Toronto. Catlin in Edmonton & Toronto. Canadian Aviation Insurance in Vancouver and Toronto. For larger aircraft, in addition to the above, Lloyd's (represented by AVRO), XL Insurance in Toronto, Swiss Re Insurance in Toronto, AIG Insurance in Toronto, Travelers in Toronto. Berkley in the U.S. Plus there are a whole bunch of London based Lloyd's syndicates that want to write Canadian business : Newline, Ortac, Kiln, Amlin, Beazley, QBE, Kiln, Hardy, MS Pritchard and Antares for starters. And there is also AXA in Paris who will issue a aircraft policy through their office in Montreal.