Insurance cost increase
Thread Starter
Joined: Nov 2004
Posts: 395
Likes: 0
From: London
Insurance cost increase
We privately operate an N reg Hughes 500 C, with an insured hull value of £180,000 GBP.
Our insurance this year has increased by £1,500! has anyone else experienced an increase in insurance on their machines.?
Thanks in advance.
Our insurance this year has increased by £1,500! has anyone else experienced an increase in insurance on their machines.?
Thanks in advance.
Joined: Jul 2008
Posts: 959
Likes: 3
From: New Zealand
Sounds like some of you guys need to do the numbers, get together, and start up your own insurance cooperative. You can part fund it yourselves and get a reinsurance company to back it for a few years until you are fully funded.
Thread Starter
Joined: Nov 2004
Posts: 395
Likes: 0
From: London
I was kind of directing this at any private helicopter operators in the UK to see if any of their insurance costs had gone up in 2010. Not going to start my own insurance company just yet.....
Joined: Apr 2001
Posts: 264
Likes: 0
From: Deep inth Norhtern Hills
Rotary Insurance
Is there any other brokers/insurance companies in the UK or Europe other than Haywards?
Have just had a quote for renewal that is 25% dearer than last year, without having a claim.
I know that car insurance has rocketed due to personnal injury claims, but come on.
PB
Have just had a quote for renewal that is 25% dearer than last year, without having a claim.
I know that car insurance has rocketed due to personnal injury claims, but come on.
PB
Thread Starter
Joined: Nov 2004
Posts: 395
Likes: 0
From: London
I had a good snoop around and couldn't really find anyone else. Try and do a deal with them. Make the value of your machine realistic, perhaps name the pilots if possible, make sure the min. total time of the pilots insured is right up to the max of your own and whoever is flying it. These factors brought mine down by about £2k.
Joined: Jun 2006
Posts: 1,022
Likes: 2
From: In the air with luck
ALLIANZE in Austria,
Houlder Insurance Services Ltd
There was a thread some time ago regarding this
"nigelh". was interested also
Houlder Insurance Services Ltd
There was a thread some time ago regarding this
"nigelh". was interested also
Last edited by 500e; 1st December 2010 at 16:41.
Joined: Jan 2005
Posts: 1,529
Likes: 2
From: yorkshire uk
I did try to get a syndicate together ...maybe 20-30 aircraft ....all singles around 3-500k hull ( No R22 and no training and def no full autos ) . There was v little interest even when i reckoned on a 25 -30% saving .
My insurance has reduced by around 20% by having min hrs of 500 and no training etc I still firmly believe that if the insurance cos banned full down autos they could radically reduce the rates ...just my view ...also i think they are a pointless excercise resulting in no extra safety but a load of bent machines .
My insurance has reduced by around 20% by having min hrs of 500 and no training etc I still firmly believe that if the insurance cos banned full down autos they could radically reduce the rates ...just my view ...also i think they are a pointless excercise resulting in no extra safety but a load of bent machines .
Joined: Aug 2000
Posts: 2,111
Likes: 118
Nigel
What boll--s about full down autos, I have done well over 1000 with 300's 500's and gazelles and havent yet bent a machine so why ban them. They have a huge confidence ability for the student in knowing he can do it rather than we will end up in a hover with the risk of overspeeding the engine, in a too higher hover etc etc !
What boll--s about full down autos, I have done well over 1000 with 300's 500's and gazelles and havent yet bent a machine so why ban them. They have a huge confidence ability for the student in knowing he can do it rather than we will end up in a hover with the risk of overspeeding the engine, in a too higher hover etc etc !
Joined: Apr 2001
Posts: 264
Likes: 0
From: Deep inth Norhtern Hills
Thread Creep!
A bit of thread creep coming on!
Most policies forbid autos unless acccompanied by a flying instructor.
What we are looking for are companies that would look at insuring helicopters.
Most policies forbid autos unless acccompanied by a flying instructor.
What we are looking for are companies that would look at insuring helicopters.
Joined: Jan 2005
Posts: 1,529
Likes: 2
From: yorkshire uk
I am also quite capable of doing them ...don't shoot the messenger !! The statistics are there ... Loads of choppers get bent practicing something that is v v unlikely to happen . Insurance cos should ban all autos to ground other than demos by instructors with say 1000 hrs . They are fun but in no way necessary or helping safety .
Ps I used to be an instructor and I used to demo but students did power recovery after flare . I just want the dozens of robbos crashing doing eol,s to go to another insurance co so we can get 25% cheaper quotes !!
Ps I used to be an instructor and I used to demo but students did power recovery after flare . I just want the dozens of robbos crashing doing eol,s to go to another insurance co so we can get 25% cheaper quotes !!
Joined: Feb 2005
Posts: 1,957
Likes: 0
From: Australia
May i make a suggestion, here you are trying to farm the insurance field.
If you wish to reduce the ploughing and increase the yield;
Do as nigelh suggests, ban the practice autos for the participating aircraft,
but insist on all participating pilots to be proficient and current in them, in someone else machine.
I.E A flying school whose business it is to hire aircraft and instructors to teach and check proficiency at, amongst other things, safe EOL's.
If you wish to reduce the ploughing and increase the yield;
Do as nigelh suggests, ban the practice autos for the participating aircraft,
but insist on all participating pilots to be proficient and current in them, in someone else machine.
I.E A flying school whose business it is to hire aircraft and instructors to teach and check proficiency at, amongst other things, safe EOL's.
