22 Dec 2024, 02:08 [ UTC - 5; DST ]
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Post subject: TBM insurance question Posted: 18 Sep 2024, 16:37 |
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Joined: 07/08/11 Posts: 460 Post Likes: +227 Location: KHPN
Aircraft: E55
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Does anyone have a proposed training plan that has been submitted to an insurance underwriter to secure otherwise difficult to obtain coverage or to mitigate rates? I'm thinking about trying that strategy to get insurance for a TBM. I'm over 70 but with lots of experience. My potential partner has about 800 TT with maybe 200 in a BE33, but no turbine time. We got one underwriter to quote at 70K for 2.2M hull, 1M/100K liability, 100K deductible, 25 hrs of mentor time after Simcom for my partner. Doesn't seem like much insurance.
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Post subject: Re: TBM insurance question Posted: 19 Sep 2024, 08:29 |
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Joined: 10/14/14 Posts: 354 Post Likes: +196 Location: Good Hope, GA
Aircraft: C421, BE300, EMB500
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Not sure exactly what you are asking for, but these guys are TBM instructors/mentors/insurance approved https://www.goldbergaviation.com
_________________ ATP/CFI/CFII/MEI
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Post subject: Re: TBM insurance question Posted: 19 Sep 2024, 12:27 |
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Joined: 02/28/18 Posts: 60 Post Likes: +23
Aircraft: NA
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Generally, you might want to check out this article: https://sunsetais.com/aircraft-insuranc ... s-pricing/Specifically, I would find a broker with a large base of TBM customers, as the TBM insurance market grew somewhat significantly in the last year or two. Prior to that, I think insurance for 70+ was extremely hard; I recall seeing posts in TBMOPA about aging TBM pilots selling their planes because they couldn't clear the market. But I think that's eased a bit of late. Similarly, I would encourage you to join TBMOPA. There is a lot of discussion in there about insurance, as well as insurance + age considerations. You do have a special challenge which is that you are looking to insure one pilot who is older and another who is not experienced. There are underwriters who do older, and less experienced, but definitely thinner for both. Best, Ed
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Post subject: Re: TBM insurance question Posted: 19 Sep 2024, 13:30 |
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Joined: 07/08/11 Posts: 460 Post Likes: +227 Location: KHPN
Aircraft: E55
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Username Protected wrote: Thanks for the tips and article. Any suggestions for a broker who does a lot of TBM's?
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Post subject: Re: TBM insurance question Posted: 19 Sep 2024, 13:52 |
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Joined: 08/24/13 Posts: 9211 Post Likes: +4153 Company: Aviation Tools / CCX Location: KSMQ New Jersey
Aircraft: TBM700C2
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Username Protected wrote: Thanks for the tips and article. Any suggestions for a broker who does a lot of TBM's?
CS&A (Chappell Smith and Assoc) 800-999-1109 https://www.aviationinsurance.com
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