Insurance vs FAA requirements

[GraemeSmith]

Here's a way to get around the insurance problem: Title the aircraft in an entity. Buy renters insurance from AVEMCO or equivalent (around $350/year) for yourself. When you fly rent the airplane from the entity. You will have no requirement for time in the Sonex to get the insurance. If you have some tailwheel time, you should have no problem converting to the Sonex with no instructions. It is very easy to fly. When you take off do not lift the tail. When you land approach SLOWLY (I like 65 mph) and DO NOT OVERROTATE.

I can't imagine the underwriter is going to allow the plane to be insured by an entity without setting some conditions. Renters' Insurance is usually considered an addendum to the main insurance on the aircraft - to protect the renter from subrogation by the main underwriter if they goof up.

[Sonex1517]

Here's a way to get around the insurance problem: Title the aircraft in an entity. Buy renters insurance from AVEMCO or equivalent (around $350/year) for yourself. When you fly rent the airplane from the entity. You will have no requirement for time in the Sonex to get the insurance. If you have some tailwheel time, you should have no problem converting to the Sonex with no instructions. It is very easy to fly. When you take off do not lift the tail. When you land approach SLOWLY (I like 65 mph) and DO NOT OVERROTATE.

I’m curious. Is anyone actually successfully doing this? If so it’s a very creative workaround to one of our biggest challenges.

[pilotyoung]

There is usually an exclusion in a renters policy for an aircraft that is regularly available to you (that is not the actual wording but I don't remember it exactly). If you do pull this off, you won't know if it works or not until you have a claim. And the last thing you want to experience is a claim with a coverage question.

[1AviationNut]

Just wanted to follow up on this thread. I didn't find a cheaper place however I did get an answer that works. AVEMCO quoted me 2600 with the ability to pay quarterly. Along with that I need to document time that I sit with a pilot with at least 25 hours of flight time in a sonex to discuss characteristics and quirks of the planes. They ask for two hours. I'm guessing my total time in different aircraft including LSA and experimentals made a difference. Not saying it's what everyone will get but it's well worth the call.