Crash WIlliams TBM sold??
Fri May 20, 2005 1:51 pm
I see on the Courtesy site that N337GA is back up for sale?? Site says call for details?? Maybe someone got the insurance quote back 
I like the new site layout they have set up.
Tom P.
I like the new site layout they have set up.
Tom P.
Fri May 20, 2005 2:01 pm
Don't know about the Avenger, but the site says that SeaFire PR503 has sold. Anyone know where it is headed???
Sat May 21, 2005 1:32 am
I checked on the Tulsa Doctor Baldwin that was reported to be the new buyer. He chose to pass on the aircraft after looking into insurance costs for the plane. Nice bird though, I hope she goes to a good home!
Jason
Jason
TBM
Sat May 21, 2005 10:34 am
Gee, maybe it's better to find out this kind of stuff first before you go making deals like this that affect people's lives. Me thinks!!
Mon May 23, 2005 1:52 pm
Does anyone have an idea on how much the insurance for a plane like this would cost per year?
Too bad a bunch of Warbird owners don't band together and start a "Warbird Insurance Company" - you could set a very high standard for plane condition, pilot(s), operating venue and so forth but then the premiums could be lower as it is a community of pilots and owners who are running the show.
Tom P.
Too bad a bunch of Warbird owners don't band together and start a "Warbird Insurance Company" - you could set a very high standard for plane condition, pilot(s), operating venue and so forth but then the premiums could be lower as it is a community of pilots and owners who are running the show.
Tom P.
tbm
Mon May 23, 2005 2:16 pm
A friends P-51 has full hull with a $100,000 deductable and it was $12,000/year. This was 2 years ago and he did CrazyHorse.
Mon May 23, 2005 10:21 pm
A Mustang is more like $30K a year for hull. A T-6 is about $4K-5K. I would imagine a TBM would be around $6K-$8K.
P-51
Mon May 23, 2005 10:25 pm
I wouldn't be surprised Steve.
The ambnount I heard was about 2001.
Yikes!
The ambnount I heard was about 2001.
Yikes!
Tue May 24, 2005 12:06 am
OUCH 
Its a wonder more warbirds aren't on the ground in a insurance state of shock. There is a B-25 in Carson City NV - "tootsie" or maybe I'm remembering wrong - anyway the owner is a really nice guy but he has basically had to ground it due to insurance costs - it is a crying shame.
Tom P.
Its a wonder more warbirds aren't on the ground in a insurance state of shock. There is a B-25 in Carson City NV - "tootsie" or maybe I'm remembering wrong - anyway the owner is a really nice guy but he has basically had to ground it due to insurance costs - it is a crying shame.
Tom P.
Cost
Tue May 24, 2005 12:16 am
The full coverage quote on the EA-1E Skyraider at 500K with a 50k deductible is 17,250 per year. The TBM at asking price is more in the 12-14k range depending on who is flying it.
Tue May 24, 2005 1:01 am
Just fly with minimum coverage, maybe have you plane appraised at half it's value. Or better yet, get liability only.
Tue May 24, 2005 10:15 am
I'm intrigued. Why would you want to only get half your money? You know that if they total the plane the insurance company keeps it and sells the remains at auction, right?HarvardIV wrote:...maybe have you plane appraised at half it's value.
Tue May 24, 2005 12:58 pm
I'm intrigued. Why would you want to only get half your money? You know that if they total the plane the insurance company keeps it and sells the remains at auction, right?
Hi Bdk:
My thought on this is you get half your money if the plane is totaled, so you won't have to pay $37,000 a year.
Tue May 24, 2005 2:14 pm
On the other hand... you do a little bit of damage to your plane and as opposed to paying to fix it, the insurance company totals your plane and gets a lightly dinged up warbird for 1/2 price. From what I understand, a lot of insurance companies won't let you do this anymore in the first place.
From what I understand of the situation, Mr. Downing was the most accurate on the TBM quote that threw the deal off.
I remember one year we decided to go without insurance on the T-28 after we got an 8K quote. We almost had a tornado trash our plane (it lifted the t-28 next to it and rotated it 180 degrees!) and an engine failure that year. Needless to say, we got full coverage the next year, and with a little shopping, I found it for 1/2 as much.
Jason
From what I understand of the situation, Mr. Downing was the most accurate on the TBM quote that threw the deal off.
I remember one year we decided to go without insurance on the T-28 after we got an 8K quote. We almost had a tornado trash our plane (it lifted the t-28 next to it and rotated it 180 degrees!) and an engine failure that year. Needless to say, we got full coverage the next year, and with a little shopping, I found it for 1/2 as much.
Jason
Tue May 24, 2005 4:56 pm
On the other hand... you do a little bit of damage to your plane and as opposed to paying to fix it, the insurance company totals your plane and gets a lightly dinged up warbird for 1/2 price. From what I understand, a lot of insurance companies won't let you do this anymore in the first place.
What? I've never owned an airworthy ship before,. You mean it doesn't work like auto insurance? You can't just give those gremlins an estimate to repair the damage and they do it? They have the option to take your bird back? That's criminal.