Author: "build9a" <eckdahl@...> Time: Fri Mar 29, 2002 6:44 am PST Link
AOPA is reporting that the AVEMCO issue is related to high performance
kitplanes/homebuilts with 200hp or more. The report I read on the
AOPA website says that some RV8s with 200hp would be affected. Check
out the story at www.aopa.org
--- In RV-9A@y..., "rwhassel" <bob.hassel@d...> wrote:
> This is a story that has been going on for over a week onthe canard
> groups. Avweb had this posted this morning. I don't know which
RV's
> are on the list...
>
> Bob Hassel
> RV9A Emp - Dallas
>
> The EAA is hoping to provide some input to Avemco, its insurance
> partner, after the carrier decided to stop issuing policies for some
> homebuilt aircraft. The insurer, which is featured prominently in
EAA
> promotions, announced last week it will not renew or take on new
> policies on certain high-performance homebuilts. These include
> Velocities, Glasairs, LongEZs and some RVs. The company said it's
> losing money insuring homebuilts. The announcement clearly took the
> EAA by surprise and President Tom Poberezny issued a late-afternoon
> press release Wednesday. According to Poberezny, EAA has helped
solve
> insurance issues in the past and wants to be involved with this one.
> EAA staff members have been in contact with Avemco people gathering
> information. "To leave large groups of homebuilt aircraft without
> coverage is simply unacceptable," said Poberezny, "We are asking for
> data and answers to back up these reported losses." EAA staff will
be
> meeting soon with the insurer to offer their suggestions. Reaching
> for a broader stroke of the positive-PR pen Poberezny added, "When
> similar situations in insurance coverage have emerged in the past,
> EAA has met the challenges to keep our members' aircraft flying. EAA
> is just as committed now to finding solutions and securing coverage
> across the broad spectrum of aircraft flown by our members."