The International Cessna 170 Association

[quote="MoonlightVFR"]What Hull value insurance do you request on a Cessna170 A? Later Cessna 170B?
I have my 170A hull value set for what it took me to rebuild it including the purchase price of $8300. And the new 8042 prop which I installed which comes to $25,000.
It is not what the airplane is worth in the market. When I complete the engine upgrade to the TCM IO 360 it will be worth more than I could probable sell it for. I will raise the hull value of my insurance to that which I think would allow me to repair or replace it after the mod. assuming an airframe damage prop strike type of incident.

Do you think that the value of a New replacement Cessna 172 S should have any influence on the hull value of your beloved old Cessna 170?
NO
Can an insurer legally refuse higher hull coverage than an owner has been purchasing in recent years?.
This is hypothetical? In the Business I worked in we had all of our airplanes insured for the replacement value of a similarly equipped airplane. We had 6 152's, 14 172's, 3 172 RG's, 2 182 RG,s, 1 TR 182RG, Two straight 182's, 2 321 Mooney's and three 201 Mooney's. 2 P210's, 2 Seneca II's, 2 Cessna 414's and 2 Cessna 441 Conquest. half of these were lease back the rest owned outright by the business. There were accidents, the insurance company loved us. The always allowed us to rebuild the airplanes that were damaged in accidents. The only time they did not was when a Customer airplane was damaged and they had it under insured. however if the the owner wanted to foot the bill for the additional costs then the insurer had no say in the matter. I rebuilt a ground looped Cessna A185F that the owner had under insured. He helped.
Can you imagine the premium. 911 killed us.
Jim

I think the usual advice not to over-insure is obsolete. Its intent is to keep you from being "stuck" with an airplane that has undergone a major rebuild, and therefore worth less than a comparable undamaged airplane. But a 170 that has had a major rebuild by a good shop is worth more, not less. And the market isn't exactly overflowing with good quality replacement aircraft.

I paid $43K for my airplane in 1999 shortly after it's total rebuild. So that's what I originally had it insured for.
I presently have my hull ins. at $60K because that is what I think it would take to replace it with a similar 170B in similar condition. This includes the fact that my engine is now at mid-point (900 hrs) and the avionics and other minor "improvements" that I've installed since I've owned it have increased it's value. The ins co agreed to insure it at that value after I provided them with pics of it's 17-yr reconstruction and documents proving it's re-build and Oshkosh/Sun-Fun awards. At first they balked because they saw in the "Aircraft Blue Book" of fiction that the average 170B is worth $32K. I don't think mine is "average"... so I proved that to them with documentation and they then agreed.

Do I think I can find an identical airplane configured exactly as my present airplane pleases me? Of course not. So, does the ins. co. owe me an identical replacement and/or restoration of my airplane? I doubt an identical one could be found and I don't think I'd be willing to wait the length of time req'd to restore my total-loss. So, we've both agreed that I'm buying $60K of insurance which has an annual premium of about $1200.

The bottom line for me is, ... I have it insured in order to give me protection from a total-loss scenario.... not to obtain a new airplane. Therefore NO... a new 172 doesn't fit into the equation. (In actual fact, I wouldn't want a fresh, off-the-assy-line 172. Such an airplane is not the airplane I desire...a classic 170B. If the ins. co. offered to assuage me with such a replacement I'd immediately owe IRS for the addt'l income because I'd sell it, buy a 170B, and pocket the difference.)

I was just quoted for the insurance premium of less than $1000.00 for same coverage as last year. I have Falcon and it came down over $100.00 this year which makes me very happy. Now I can buy more fuel for practice. Happy flying.

John