With the excessively high rate of Cavalon accidents in the USA ... even the PRA ...IF we were to institute co-insurance plan(with an existing insurance company to cover the liability side)...IF we could get 100 members to initiate an initial hull coverage fund ...-even. @ 1/2 current hull rate -charged by insurance...just 2 Cavalon claims would wipe us out ...SO should we ask MORE for Cavalon owners to put into the pot ???? OR just offer 1/2 hull insurance/ higher deductible for these "high-risk" models????
Interesting ponderings ...& WHY has at least 1/3 of USA Cavalon fleet (maybe up to 1/2 ...many unreported incidents!) ...had serious accidents and lesser damage!????
Any good suggestions out there HOW to establish a PRA member-attracting insurance benefit ...WITHOUT being unfair?????
Auto insurance companies charge far higher insurance premiums for Corvettes & other high HP cars than they do for the vast majority of other makes/models of vehicles. They do the same for young, single, male drivers, @ the rate of double or more the rate for young, single females.
That is unfair to the safe driving males, but allowed w/out running against discrimination laws. When I became married in my early 20's, I was delighted to see my auto insurance costs dropped almost in half! When I moved out of a larger city to a suburb nearby, it dropped in half once again! Life insurance rates for males is similar.
Maybe go about liability & hull insurance a different way:
Consider asking the liability/hull aircraft insurance companies to insure a
select group of safe owners of gyroplanes that haven't had claims & that have demonstrated safe flying practices. Ask for being covered by those who have flown for @ least a few years w/out mishap & exclude the largest make/model ones that have demonstrated huge claims. Membership in gyroplane-specific programs of instruction would demonstrate to the insurance companies the desire to remain accident & claims-free.
Exclude the owners of high rates of claims machines, just like the Corvette/high HP autos. Instead of excluding all gyroplane owners, keep out of the insurance pool the poor risks. Using their own insurance claim statistics, it's easy to separate the good risks vs. the bad ones. Yes, high deductibles & rates, but better than none available.