Insurance Over 75
Votes
Open
My insurance agent told me that most of their companies are dropping coverage for pilots 75 and older and that only two companies bid on a policy. I have no accidents or incidents and fly a modern fixed gear aircraft with one of the industry's best safety ratings. The rate has doubled. It would be nice to find a lower rate but I am even more concerned about getting dropped next year or the year after that even though I have no medical issues.

Does anyone have any suggestions?
96 Replies
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Agree with Marc...having coverage with AIG since the early 1980s, having owning a Debonair, Bonanza, 3 Barons, and a Cirrus,  having no claims or violations, my coverage was denied last month.....reason was age!  My BFR, Medical, Insturment profency, and CFII ticket  are all current....Bob..    .
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My airport requires that they be named as an insured on my hangar, primarily, as protection against a hangar fire that runs down the line, but not on my aircraft. As far as I know, the FAA does not mandate insurance and my aviation insurance agent agrees. A big step down I learned about this year is to carry liability only which is a couple hundred dollars in my case. I went with it as a safeguard until I learn more even though my regular insurance agent said my comprehensive umbrella policy provides liability coverage. No one but you should have an interest in your hull insurance.
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Any other airports around that don't Marc?  I am fortunate to have my own airport and insurance, but seeing these entries do concern me.  However, in March I sold the taildragger Zodiac to a senior citizen and he was able to get insurance with only requirement of getting 10 hours from instructor in aircraft type.  And he had not flown in many years.  I would check with Falcon and the AOPA affiliated company.  Mine is with AIG and is expensive but so far available.
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Fly without insurance.  Seek legal help on how to protect assets without it.

Can't. Airport requires insurance certificate for all aircraft.
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Fly without insurance.  Seek legal help on how to protect assets without it.
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Real bummer Marc.  77 Nov 17th and so far rates have not gone up.  Multi-Engine Commercial Land with Tail Dragger endorsement flying experimental planes.  Did have a near double increase years ago when I sold my 172 and bought a Zodiac 601XL.  Since then it has gone down ever year until my first flight on Zodiac I built.  Now going down each year since then.