The rising cost of insurance has hit us again, what is driving this ugly bit of reality, is it related to the high cost of motorgliders? While us purist fly around in moderately priced gliders the MG guys and gals, are leaning on us to support theirhigh cost of insurance claims. Maybe we should call this Motorglider Welfare. Old Bob, The Purist
On Tuesday, August 2, 2022 at 4:01:30 PM UTC-4, youngbl...@gmail.com wrote:high cost of insurance claims. Maybe we should call this Motorglider Welfare. Old Bob, The Purist
The rising cost of insurance has hit us again, what is driving this ugly bit of reality, is it related to the high cost of motorgliders? While us purist fly around in moderately priced gliders the MG guys and gals, are leaning on us to support their
I don't think so. The higher valuation of newer, mostly powered gliders leads to proportionately higher hull premiums.
I have not seen a breakdown of claims history to support OBTP's theory.
I do see ships that are put up for salvage that should not be totaled.
I note that material costs for repair are rising a lot. Example MGS 285 epoxy(most common in the industry) is now $278/ gallon. Double what it was 24 months ago.
I have purchased at salvage and brought back from the dead 28 gliders(#29 in my shop now). One was a motorized glider- my ASW-24E.
A large amount of loss is broken canopies. They cost about the same to repair on an ASW-15 worth maybe 15K as as ASG-29 worth almost 10 times as much.
One guy's view
UH
The rising cost of insurance has hit us again, what is driving this ugly bit of reality, is it related to the high cost of motorgliders? While us purist fly around in moderately priced gliders the MG guys and gals, are leaning on us to support theirhigh cost of insurance claims. Maybe we should call this Motorglider Welfare. Old Bob, The Purist
Rising Insurance Cost, Are They Related To Motorgliders?
The main driver of insurance costs is the overall claim rate, and the agreed upon value for the hull. The insurance on my self launched glider hasn't gone up much in the last 7 years, no more than anything else anyway. This can be checked very easilyby having two gliders quoted at the same agreed hull value, one with motor and one without. I'd be surprised if the premium were much different. But because motorgliders are usually valued higher the premium is also higher.
For your overall insurance burden, you will have to amortize the cost of the Pawnee insurance over your Pawnee towed fleet, to do a true comparison.high cost of insurance claims. Maybe we should call this Motorglider Welfare. Old Bob, The Purist
On Tuesday, August 2, 2022 at 12:01:30 PM UTC-8, youngbl...@gmail.com wrote:
The rising cost of insurance has hit us again, what is driving this ugly bit of reality, is it related to the high cost of motorgliders? While us purist fly around in moderately priced gliders the MG guys and gals, are leaning on us to support their
On Tuesday, August 2, 2022 at 8:43:36 PM UTC-4, jfitch wrote:by having two gliders quoted at the same agreed hull value, one with motor and one without. I'd be surprised if the premium were much different. But because motorgliders are usually valued higher the premium is also higher.
The main driver of insurance costs is the overall claim rate, and the agreed upon value for the hull. The insurance on my self launched glider hasn't gone up much in the last 7 years, no more than anything else anyway. This can be checked very easily
high cost of insurance claims. Maybe we should call this Motorglider Welfare. Old Bob, The Purist
For your overall insurance burden, you will have to amortize the cost of the Pawnee insurance over your Pawnee towed fleet, to do a true comparison.
On Tuesday, August 2, 2022 at 12:01:30 PM UTC-8, youngbl...@gmail.com wrote: >>> The rising cost of insurance has hit us again, what is driving this ugly bit of reality, is it related to the high cost of motorgliders? While us purist fly around in moderately priced gliders the MG guys and gals, are leaning on us to support their
I must give my good friend Fitch a, "That A Boy", insurance claims drive prices. Certainly other factors come into play, but claim cost vs revenue drive the rates. Yes, there are some minor contributing factors, ultimately it is the claim factor. Iwould love to see insurance pay out statistics in motorglider vs pure glider on an individual claim basis. Maybe the insurance companies should go to higher deductible tables based on glider value.
This whole insurance thing does not affect very much, I am basically a liability carrier just like my homeowners where the 2004 hurricanes taught me a lesson or two, I no longer carry hurricane insurance and have saved 140k since going only to fire andcausality. Old Bob, The Purist
I'm not in the insurance business, but I don't believe that premiums are based on only the activity they cover. What I mean is, revenue from gliding policies does not simply cover gliding claims. The insurance industry commonly "pools" the risk over abroad spectrum. A major disaster or other increase in claims nationwide ripples through the market and can raise premiums on policyholders everywhere. A large number of aviation related claims, or a large punitive court judgment and award can affect
The rising cost of insurance has hit us again, what is driving this ugly bit of reality, is it related to the high cost of motorgliders? While us purist fly around in moderately priced gliders the MG guys and gals, are leaning on us to support theirhigh cost of insurance claims. Maybe we should call this Motorglider Welfare. Old Bob, The Purist
, a tree fell during a wind storm and crushed the bed of my
Ford truck.
The following year I had an increase in my rates
due to the "comprehensive claim".
On Wed, 3 Aug 2022 09:47:45 -0600, Dan Marotta
<dcma...@earthlink.net> wrote:
, a tree fell during a wind storm and crushed the bed of myActs of Nature may eliminate motel owner's liability, despite being
Ford truck.
the owner's tree.
The following year I had an increase in my ratesThat's right...."it's all your fault" :-)
due to the "comprehensive claim".
Years ago, an acquaintance has a classic vehicle crushed by a
semi-trailer in a parking lot...A windy Act of Nature, so the company
paid nothing.
On Wednesday, August 3, 2022 at 2:31:36 PM UTC-4, JAB wrote:Anything can happen, Negligence is used in court often, guess you could say that the airport was negligent in not mowing the grass, they would probably hide behind some kind of sovereign immunity clause. Old Bob, The Purist
On Wed, 3 Aug 2022 09:47:45 -0600, Dan Marotta
<dcma...@earthlink.net> wrote:
, a tree fell during a wind storm and crushed the bed of myActs of Nature may eliminate motel owner's liability, despite being
Ford truck.
the owner's tree.
The following year I had an increase in my ratesThat's right...."it's all your fault" :-)
due to the "comprehensive claim".
Years ago, an acquaintance has a classic vehicle crushed by aI fly and tie down at an airport with a center field a km square of grass which is allowed to grow to provide hay. During july this was tall and dry enough that
semi-trailer in a parking lot...A windy Act of Nature, so the company
paid nothing.
a lightning strike (frequent this year) could set it alight. Unlikely that the volunteer
fire service would arrive in time to extinguish it; so the windblown embers set fire to my glider.
Can the airport owner be considered negligent and sued for my loss?
Or am I negligent in not insuring for "not in motion" event?
John Firth
Ottawa
a lightning strike (frequent this year) could set it alight.
On Wednesday, August 3, 2022 at 2:31:36 PM UTC-4, JAB wrote:At the risk of being Captain Obvious: As a tenant/user at the airport, you have some
On Wed, 3 Aug 2022 09:47:45 -0600, Dan Marotta
<dcma...@earthlink.net> wrote:
, a tree fell during a wind storm and crushed the bed of myActs of Nature may eliminate motel owner's liability, despite being
Ford truck.
the owner's tree.
The following year I had an increase in my ratesThat's right...."it's all your fault" :-)
due to the "comprehensive claim".
Years ago, an acquaintance has a classic vehicle crushed by a
semi-trailer in a parking lot...A windy Act of Nature, so the company
paid nothing.
I fly and tie down at an airport with a center field a km square of grass which is allowed to grow to provide hay. During july this was tall and dry enough that
a lightning strike (frequent this year) could set it alight. Unlikely that the volunteer
fire service would arrive in time to extinguish it; so the windblown embers set fire to my glider.
Can the airport owner be considered negligent and sued for my loss?
Or am I negligent in not insuring for "not in motion" event?
John Firth
Ottawa
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