To old to fly!
I am in a partnership with a a 1970 Piper Arrow 200, which we purchased in 1978. I am 75 and my partner is 86, and recently have been deemed to old to fly. Both of us have BasicMed, and could easily pass a FAA, third class physical. Both of us have had no infractions, accidents, or incidents. Upon insurance renewal, we were told we would need a annual 3rd class physical, no BasicMed allowed, but the clincher is both of us can not fly solo, but must have another NAMED pilot accompanying us at all times while flying this pilot besides being named on the policy, must have a private or commercial with an instrument rating, with at least 500 hours TT, 100 in retractable gear, and at least 25 hours in an Arrow. Basically we must have a baby sitter at all times.No other insurance company would extend coverage. 
Update, the two of us can fly together without another named pilot.
7 Replies
Ronald Levy
1407 Posts
Have you talked to an insurance broker who can shop around to see if a less restrictive policy is available?  You might try the folks at the Aircraft & Marine Division of the Fournier Group.

https://www.fourniergroup.net/
 
Yes, our broker and the AOPA broker.
 

Clarence Casper:
Yes, our broker and the AOPA broker.
 

Can you self-insure?
Ronald Levy
1407 Posts

Clarence Casper:
Yes, our broker and the AOPA broker.
 

If two brokers haven't been able to do better, there may not be a way to get what you want at any lower price.  I know that once past 75, the insurers get increasingly reluctant to cover people.  Have you considered that it might be your 86-y/o partner whose age is driving the price?  Could be a hard and harsh decision to make, but perhaps you should consider asking what would happen to the quote if he wasn't flying the plane any more.  Alternatively, ask about limiting his flying to only with a qualified younger pilot (maybe even you) in the second seat.
Ronald Levy
1407 Posts

Paul Millner:

Clarence Casper:
Yes, our broker and the AOPA broker.
 

Can you self-insure?
Might not be an option at a municipally-owned airport.  All the publicly-owned airports in Maryland require either $1M liability insurance or a $1M bond -- and I have no idea what such a bond would cost if you don't have the money in the bank to pledge.
Have you tried Avemco? I believe they do not discriminate for age.