Lowering insurance costs

[Launchbury]

Everything on my poor Cessna 172 is falling apart. On my first flight the right brakes failed and I nearly skidded off the runway. On my
latest flight the right fuel tank had a major leak and I sputtered into my destination with about 1 gallon left in the whole plane. Now I ask: Is
it possible to lower your insurance rates over time? Because every single time part of my Cessna gets bored of work and quits I have to
take money from the insurance company which raises my rates.

I already pay a ludicrous sum of money for car insurance in real life, I don't need this hassle in the virtual one! :P

[Dutch64]

Better not use insurance money to pay your bills (unless really necessary). Otherwise everytime your insurance costs will go up indeed.

[BenG]

Will they go down at all?

I've just splashed all my cash on a new Caravan (well new to me) and I had a fuel tank leak on my 1st fligght. So I had to use the
insurance.

[Dutch64]

Yes, it will drop but very, very slowly. So, try to avoid using insurance for your costs as much as possible

[Launchbury]

My insurance started out at %4.32 and after my first flight I used insurance on a brake repair, raising my rates to %6.32. At the end of my
eigth flight my inurance rate is now %5.72. I suppose it goes down %0.10 per flight that you do not use it. In light of that, I should have
taken the insurance money to fix my gas tank leak. They would have paid about $10,000 out of $15,000.

I figure a good rule of thumb is one insurance collection per 20 flights.

[Sovek]

if you think thats bad, Im paying %11, trust me, it aint good.

[c210]

First I tried a flight in Sudan with my brand new Aeroworx BE200. On the first flight I lost the left motor, hydro and electrics. Bill was 3.5 bar for
a 5 bar airraft. So essentially a writeoff. Got 2 bar when I sold it. Then thought I buy a Captain Sim C130 and use that instead. First flight on this
aircraft (7000 hrs on the hobbs) I lost the hydrolics, vacuum and some other stuff. Bill is 5 bar. So she stands at Juba in Sudan now since I cannot
repair or fly it out so will wait till I make money again with my 737 800 in South Africa

[Ceemosp]

Well.....if you get this =>

-You made a successful belly landing. (+250)
There was a problem aboard and you declared an emergency. (+150)
You landed at the scheduled airport. (+30)
Precise arrival time at destination.(-00h02:19 difference) (+100)
A serious problem occurred during flight but you landed safely, nice job. (+1000)

right after buying an additional plane you have to bite the bullet and take insurance money

Greetz Carsten

[BenG]

c210 wrote:
First I tried a flight in Sudan with my brand new Aeroworx BE200. On the first flight I lost the left motor, hydro and electrics. Bill was 3.5 bar
for
a 5 bar airraft. So essentially a writeoff. Got 2 bar when I sold it. Then thought I buy a Captain Sim C130 and use that instead. First flight
on this
aircraft (7000 hrs on the hobbs) I lost the hydrolics, vacuum and some other stuff. Bill is 5 bar. So she stands at Juba in Sudan now since
I cannot
repair or fly it out so will wait till I make money again with my 737 800 in South Africa

Whatfailure rate/settings did you use?

I want to select a reasonable rate/chance where there's a little bit of a challenge but not every flight.

[c210]

4% failure rate but the warzone in Sudan gives a 30% chance of them shooting at you. I got shot at on each flight sofar, takeoff and landings!!!!