New Member New airplane owner 0 time Insurance?

Discussion in 'Flight Following' started by cessna1502978, Feb 11, 2019.

  1. cessna1502978

    cessna1502978 Filing Flight Plan

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    Hi All let me say hello wonderful site. So here is my story i allays dreamed of flying and waited to i was mature 52 still a little crazy. Anyway i purchased a plane a 150 low time i have a hangar at a private airport in the Hudson valley. I need advice on insurance for the aircraft it seems being i have 0 time no one will talk to me. I am hoping somebody can give me a few choices here any help would be appreciated.
     
  2. catmandu

    catmandu Cleared for Takeoff

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    I had no issue putting two zero time students on my policy, and the airplane is experimental to boot.

    I use A.J. Gallagher, and they seem to love finding affordable policies for challenging situations.
     
  3. cessna1502978

    cessna1502978 Filing Flight Plan

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    Thanks i will give them a try but i have 0 time and i own the plane i think that is where they are confused they keep asking how many hours i have and they do not understand i purchased plane to get my license and build time.
     
  4. Ted DuPuis

    Ted DuPuis Administrator Management Council Member

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    If they don't understand that, you have the wrong broker.

    I've used Ryan Konrath with Wings Insurnace: rkonrath@wingsinsurance.com

    Now I have more than 0 hours by a good bit, but he does great with transitions/upgrades, etc.

    We all start with 0 hours and flight schools get insurance just fine for that. You shouldn't have any problem. Lots of people have done what you're doing.
     
  5. cessna1502978

    cessna1502978 Filing Flight Plan

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    Thanks for the encouragement i keep plugging away filling out quotes Time will tell.
     
  6. Kenny Phillips

    Kenny Phillips Cleared for Takeoff

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    Do you have a third-class medical yet? You'll need that, then you can schedule a lesson at an airport, and announce yourself to the insurance as a "student pilot".
     
  7. cessna1502978

    cessna1502978 Filing Flight Plan

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    I did get my medical waiting to here from a CFI i contacted. I have been studying for knowledge test figure i could get that out of the way during the winter.
     
  8. Hang 4

    Hang 4 Pre-takeoff checklist

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    I didn't have 0 time, but I was still a student when I bought my plane. I had multiple quotes and this was about a year ago.

    Do you have an instructor/school lined up yet? My policy simply said, you can't fly without an instructor until you are solo qualified. I had to add my instructor as a named insured - school's requirement.

    I'm guessing you are asking the question the wrong way. Use a broker, and don't fill out an online form. "I am a student pilot, receiving instruction from XYZ school and I own the airplane I am learning in"

    One other thought, you might want to get your first 10 hours or so in a school plane vs yours. Then get insurance.
     
  9. Clip4

    Clip4 En-Route

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    If you get a competent CFI, they will help you get insurance.
     
  10. DFH65

    DFH65 Pattern Altitude

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    Nobody asked what kind of plane??????
     
  11. WannFly

    WannFly En-Route

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    Not a Bo
     
  12. DFH65

    DFH65 Pattern Altitude

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    Reading is fundamental I see I missed the 150 part.
     
  13. BigBadLou

    BigBadLou Final Approach

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    Contact AOPA Insurance.
    No, they are not an insurance company. But they will find you an underwriter.
    No, you do not need to be an AOPA member to give them money.
    No, you do not have to have N number of hours to get insurance. That's an OWT. Somebody's lying to you.

    I was in your situation before. Had no problems securing insurance. They were willing to take my money. LOTS of it but they took it. :)

    Good luck!
     
  14. Jeff Oslick

    Jeff Oslick En-Route

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    Important tip - once you give a tail (N) number to a broker, you're going to be pretty much locked in with that broker for quotes for a given underwriter (the underwriters don't want the brokers knowingly competing with each other for the same policy). Tell the " a 19XX Cessna 150, with this hull value" but don't give them the N number until you're ready to bind the policy. This way you can get quotes from multiple brokers. Travers Aviation is another well-established broker that I'm sure can handle your needs.
     
  15. cessna1502978

    cessna1502978 Filing Flight Plan

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    Wow i did not no it was that competitive. I no i do not need insurance just want to cover my investment. It cant be that bad i am hoping.
     
  16. GeorgeC

    GeorgeC Pattern Altitude PoA Supporter

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    Congrats and welcome. Where in the Hudson valley?
     
  17. cessna1502978

    cessna1502978 Filing Flight Plan

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    I live in sullivan county Neversink Plane is in orange county at a private airport
     
  18. sourdough44

    sourdough44 Cleared for Takeoff

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    You won’t be flying without an instructor anyway. No loan it sounds. You don’t NEED to have insurance, not that I’m recommending that.

    I guess a tornado could level your hangar. Sniff around a bit, like I said you won’t be solo anyway. I think you could find coverage with a little looking.
     
  19. TheFB

    TheFB Pre-Flight

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    I bought a plane with zero hours and got it insured with AOPA for less than my auto insurance and a more expensive plane. It is not true that your need your medical to get insurance. I got my medical almost four months later when I was ready to solo.

    I moved away from AOPA but they were easy to buy through.

    ****In hindsight, only an idiot would buy a plane without a medical. I puckered once I realized my cart-before-horse move.
     
  20. Katamarino

    Katamarino Cleared for Takeoff

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    Are you trying to get insurance through the phone, or by emailing..?
     
  21. Scott@KTYR

    Scott@KTYR Pattern Altitude

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    Welcome to POA. Good luck with your training.
     
  22. Challenged

    Challenged Pattern Altitude

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    The two happiest moments in any airplane owners life:
    1. The day he buys an airplane
    2. The day he gets to solo in that airplane
    Welcome to PoA!
     
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  23. cgrab

    cgrab Pattern Altitude

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    Congrats, i addition to studying for the knowledge test, check out youtube, I hear that is very helpful.
     
  24. Kenny Phillips

    Kenny Phillips Cleared for Takeoff

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    Or you could taxi into a half-million-dollar Cirrus.
     
  25. cessna1502978

    cessna1502978 Filing Flight Plan

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    Thanks for all the replies i have been filling out online forms but no luck i am going to start calling brokers. I am very excited to start flying. My daughter is going to get the 150 after i obtain my PPL so she can work on hers. There is a lot of info on you tube for the knowledge test. the old jeppson dvd series is on there a little outdated but still a good study.