Lancair has announced that full
hull coverage for its Lancair PropJet is now available through AIG
Insurance for those owners of the Lancair IV, Lancair IV-P and the
Lancair PropJet who meet the following requirements:
The aircraft must be inspected and approved by a Lancair
factory representative or the aircraft must have been completed in
conjunction with the Lancair Builder's Assist program in Redmond,
Oregon.
The pilot must hold his Private, Single Engine Land, and
Instrument Flight Rules (IFR) License with 1,000 hours total time,
250 hours of retractable gear time, having no losses, waivers or
violations in the last five years and be between the ages of
25-65.
The pilot must complete the High
Performance Aircraft Training (HPAT) course in make and model,
which consists of Ground School and approximately fifteen hours of
initial time. After Initial training, pilot must complete
Recurrency Training at 6 months and annually thereafter from date
on Initial Training with HPAT. No quote will be offered unless the
insured has committed to completing the aircraft
compliance/inspection program and the pilot training program.
If the pilot is being certified in a Lancair PropJet and has no
prior turbine experience, they must complete a minimum of 25 hours
of additional training with a HPAT, CFII trainer prior to solo or
passengers in aircraft. This is in addition to Initial Training and
Ground school that is required of all pilots regardless of
model.
Liability is limited to $1 million per occurrence, limited to
$100,000 per passenger.
Full flight and ground coverage is available up to a maximum of
$500,000 insured value. Values above $300,000 require an equipments
list and AIG underwriter's approval.
Lancair advises that, "This agreement is effective immediately
and rates can be obtained through your local agent. Please contact
your agent for a quote as rates will vary due to the pilot's skills
and qualifications. If you do not meet the above criteria please
wait to contact your local agent until such time."
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