Why can't an insurer come up with a policy for this type of aircraft a bit like a classic car policy lower premiums based on type of use etc? Or is this already the case and it is just these premiums are so high as well?
With my bean counters hat on maybe a number of owners of such aircraft should consider joining forces and setting up their own captive insurance company. I won't go into all the detail here but if enough people got together the benefits include being able to access the "wholesale" insurance markets rather than "retail" insurance market so can often obtain better terms for reinsurance. and often you can insure what commercial insurers won't touch.
You need a fair chunk of cash to do this but as a group of people it might be viable.
I don't work in insurance but do have dealings with captive managers. More than happy to point people in the right direction if they want to PM me.
Apologies if this has been said before.
If anyone is interested PM me
Last edited by Guern; 5th May 2005 at 20:45.