I asked my agent's office for clarification to see what the difference is with hangar vs tie down,instrument rating, etc. Here's the reply:
All quotes are in and AIG remains the lowest.
In answer to your questions:
"What is the premium difference hangared vs tied-down? instrument rating is saving me how much? "
In a hangar, with instrument rating, the quote is $523.00.
In a hangar, without instrument rating, the quote would be $555.00.
Tied down, with instrument rating, the quote is $571.00.
Tied down, without the instrument rating, the quote is $603.00.
I hope that helps. With this particular model/year of aircraft, you were already receiving a fairly low premium, so the instrument rating does not make a huge difference. But every little bit helps!
Your insurance policy will be expiring on January 29, 2005. We have solicited quotations from the major underwriters that would be most competitive for the type of flying you do and coverage you require. We are pleased to present the attached quotation.
They are probably not the lowest quote dollar-wise but I like the service so I'm sticking with them. I'm attaching a part of my quote sheet showing my experience (or lack thereof!) and the exact coverages quoted.
Who said, "Information is power"?
Eric
