Yes, insurance is a very serious consideration for Lancair Owners. Your LOBO board has made finding and maintaining affordable insurance one of our top priorities. Several of us have been working on compiling updated stats on critical factors affecting how the risk for Lancair compares with other EAB aircraft (experimental amateur built). This study required extensive research to determine fleet size by year and FAA/NTSB accidents recorded by year. The data is very favorable in both the accident rate of Lancairs vs. other EAB aircraft in general, AND the significantly improved safety record (since 2009) of pilots that have completed LOBO-Approved transition and annual training as compared to Lancair pilots who have not done so. This information has been reviewed for accuracy and completeness by independent, third-party analysis and is now being presented to the insurance industry by the chair of our insurance committee, an industry professional who is also a Lancair owner/operator. Our goal is to shift the tide on the insurance industry's past practice of using old data and "hunches" or "rumors" about the risk of insuring Lancair aircraft to using "fact-based data" for those decisions.
Your board is working very hard on this extremely important issue. Unfortunately this is a long-term effort, and our results will not show overnight.
Newbie LOBO Board Member