Insurance Renewal Time

[helimozza]

Hi

The Insurance on my R44 is about to expire and i am looking for alternative quotes
I'm currently insured through Hayward Aviation Ltd but was wondering if there are any other good company's out there

i would like full cover except pilot life cover whether the rotors are in motion or not and a limited hour policy if avaliable

Thank you in advance for your help :ok:

[windowseatplease]

As far as i know that is the only aviation insurance company in the UK.

[Bladecrack]

Try Willis, they do GA insurance - willis insurance services (http://www.willisinsurance.co.uk)

BC

[JTobias]

AFAIK Haywards are the best and provide the most comprehensive cover.
If you do find a better one please let us know.
My machine is up for renewal in June and any savings will be appreciated!!:ok:

Joel

[SpeedbirdXK8]

Have heard that Emery Little can get competitive quotes these days. Well worth looking around. www.insuring.aero (http://www.insuring.aero) Am told you have to provide good driver info for best quotes.

[jellycopter]

Try Besso in London. Frank Bannister from the aviation department has been in the industry for years and knows many of the underwriters well. He knows which underwriters to approach based on aircraft type, pilot experience and history etc. Although he may not necessarily produce the cheapest quote, if you ever need to make a claim, he's the guy I'd want in my corner. He works for the policyholder, not the underwriter!

In insurance, perhaps more than anywhere else, you really do get what you pay for.

JJ

[Bladecrack]

HSBC Insurance Brokers Limited - Aviation - General Aviation (http://www.insurancebrokers.hsbc.com/hsbc/aviation/general-aviation)

May be worth a look also?

BC

[FLY 7]

Haywards dominate this end of the UK market.

They seem very good, but competition is healthy - especially for consumers.

[EESDL]

JJ
So they paid out did they...........

[SpeedbirdXK8]

I am not a RW jockey, prefer fixed wings and not wobbly ones! However we all need to buy insurance and what I have found out by calling around is that some brokers refer business to another. Simple questions: 1. Are you independant? 2. Who is the Underwriter (not the broker acting for the Underwriter)? 3. Is the Underwriter FSA aurthorised? 4. Is the broker FSA authorised? 5. Test their knowledge of the market and your type of insurance. 6. Service and price, the cheapest isn't the best. Happy hunting.:eek:

[parabellum]

Jellycopter and SpeedbirdXK8 are on the money. There is no such thing as cheap cover, only reduced cover for less premium.

[jellycopter]

EESDL

Ooooooh! That hurts.................

JJ

Ps. No they didn't - to reiterate, you get what you pay for!

[Lewycasino]

try william heddle at haywards. thoroughly decent chap.

[helimozza]

Hi guys

sorry for the late update
I reduced my policy by half to 6K per year by not flying more than 75 hours this year
single pilot only and reduce the hull value down from 230k to 180k as my machine is now 3 years old with 400 hours

[Freefall77]

Thanks for the update,

I am paying over twice that at the moment with similar machine and usage.

:ugh:

77

[jemax]

A friend of mine has his R44 covered by the NFU (National Farmers Union), now farming is his main business, so he puts a fair bit of buisness their way and it may be a one off. But the rate was very competitve.

It may be worth a look.

[nigelh]

Haywards ran amile when my engine ingested a piece of metal ( FOD does not cover a piece of the helicopter going through the engine !! ) They paid precisely £0 after many years of paying nearly £20k pa with no claims !!! I say beware all of them . If you want a proper deal you should get 20 -30 people together and self insure . ( I suggested this some time ago on pprune but i think a lot of ppruners are not owners so dont care about insurance rates ) If you self insured and had ,say2-3 years without a claim then you could all pretty much stop paying ANYTHING until someone breaks one . ps dont let in R22 boys who do training as they will F*** it up trying to do an eol .:ugh:

[scooter boy]

I just halved my premium by dropping hull value by 33%. In this market it may be an accurate estimate of used value - who knows?

Nigelh, great idea but...how could group self insurance provide the £5M or so third party liability cover we are required to have in place to land in some locations?

SB

[krypton_john]

How much is that 3rd party liability insurance? I would have thought peanuts compared to the hull insurance? If so, then use Nigel's self insurance for the hull but regular 3pl insurance on top.

[parabellum]

My info removed as it was obviously wrong!!!

Pay attention to InsuranceGuy as he knows what he is talking about.:ok:

[InsuranceGuy]

:ok: Gents let me clarify:
FOD is not excluded under any Hull policy ( if you do have this then your broker isn't doing their job), but the loss must come from a single recorded incident, and the engine must immediately be removed. Insurance does not cover wear, tear etc etc. With regards to reducing values of your aircraft, this is a false economy, as insurers will look to increase your rates, the way they do this is usually by using something called 70/30 scale. so for example, your aircraft has an agreed value of $2m and your current hull rate is 2% the gross premium (not including taxes) you would pay is $40,000, so say the coming renewal you reduce the hull value to say $1.5m, insurers generally wouldn't then charge you 2% on the new value (being $30,000), they would more then likely 70/30 your current rate of 2% and then this would become 2.2% and therfore your hull premium would be $33,000.
Trust this helps.

[nigelh]

It also doesnt cover you if say a windscreen wiper fell of and went into the engine or a piece of the engine cowel comes off and goes through .......it still means a new engine .....but NO insurance !!!!! Is there any cover out there which would cover ingestion of a part of the helicopter into the engine ?
If not then you have to accept that even with full insurance you could get a $200k bill for engine damage on a AS 350 .....:{ That is why if i EVER get another 350 it will be an FX and no way turbomeca .

[enstrompilot]

Have you tried insurance for G reg aircraft from elsewhere in the EU - as we are members !

I insure my Allouete via Austria - 5 seats, 4 Eu pax both private and commercial use cover, training cover, nil hull value, meets or exceeds EU requirements, Full EASA machine, full required cover.

UK quote £8,400

Austria Cost Euro 800 (thats NOT a typo !!)

The company is Allianz same underwriter used by some UK providers.

They offer hull insurance but I did not require that

Why consider self insurance, lay off the third party risks cheaply and carry the hull risks oneself (or perhaps form/join a group to cross cover each member for the hull cover). Self insurance makes one Very (even more) cautious.

I ensured an Enstrom for 5 yrs at £6K per year with no claims I paid out half the value of the machine !

However, I was unlikely and had to claim once for a fix wing I damaged, it was insured with Haywards, They were GREAT I could not have asked for a better experience, they were fast, accurate, honest, paid promptly, just perfect. If you want full hull insurance I am sure they are hard to beat for service.

I guess, in the end 'you pays you money and takes you chance'

Try other EU states, particularly new members, in some you go through an operator or get cover under a group policy, lots of detail to check out but it has work out well for me.

Insurance represents a considerable part of the hrly cost, with all costs rising saving in insurance costs help keep us flying

Good hunting !

[Runway101]

Just went through insuring an R44 II for Euro 2000/year, includes everything that is required and more (ie. pax insurance), commercial, private, training etc... (cost went slightly up from last year which was around Euro 1700/year). Insurer in Germany, ship not.

Full hull coverage on a Euro 250,000 value was around Euro 9,000 last year, with a 15% yearly discount if there is no claim. It's like 3.95% of the value if I am not wrong.

Used VFR Gruemmer, vfs-gruemmer.de/english/start.html
(no relationship to them, except this said insurance)

[nigelh]

The idea of SFH was only on hull and NOT third party . As i have said before we need at least 20 machines to really make it viable but i would expect the savings to be substantial . Anyone interested and PM some details of machine , value etc
Runway ..i dont understand your post . The 2000 euro , was that just third party or all in incl hull ? Your figures for hull at 3.9% is very expensive ....mine was nearer 2.5%.

[levo]

Hi all has any one got a contact number for allianz direct or a broker that uses them.
Thanks Levo:ok:

[northpoint]

A number of my helicopter friends have saved money by using

Veejay Rathore
Commercial Broker - Aviation

Titan Insurance Services Limited
Suite 19,126-128 New Kings Road
London
SW6 4LZ
Tel: 020 77313700
Mob: 07939540504
Fax: 020 77312644

[iainms]

Its that time of year when we have to renew our insurance, we have alwasy used Haywards, but it would be nice to see if we can get other quotes, can any one give advice ?

[Sir Niall Dementia]

Try Windsors.

We've had a couple of aircraft with them for the last two years, and they have just got the whole fleet. The actual money saving was quite small, but the cover is more extensive. The broker spent a long time getting exactly what we wanted. Haywards seemed to think it should be theirs by right.

My Yak is due for renewal in two months and I will probably put that with Wndsors as well.

[heliboy999]

Give Iris insurance brokers a call. They have just aquired a large aviation team and the owner flies fixed and heli so is passionate about aircraft.

Tel: +44 (0)1702 456 330

HB999

[ThirtyKnotHeadwind]

Hi,

Im looking into buying a Robinson R22 around the £50-£60k mark.
I have just over 350 hours all on the the R22 and will do no more
than 100 hours a year in it.
Who is the best for insurance quotes and how much are you other R22 owners paying for it?

[JUST-local]

Anybody got any contact details for HSBC aviation insurance, nothing on the link below, google also turns up nothing!

http://www.insurancebrokers.hsbc.com/hsbc/aviation/general-aviation

Have quote from Hayward Aviation anyone suggest any others worth a try.

Thanks.

[rotorboater]

Last time I had a quote was in 2007 details below, it was more expensive than Haywards who really do know their stuff.

Mr Simon G. Howell A.C.I.I.
Chartered Insurance Broker
Executive Director - Aviation Division.

HSBC Insurance Brokers Limited
Bishops Court
27-33 Artillery Lane
London E1 7LP

Tel: 020 7661 2895
Fax: 020 7661 2933
[email protected]