I still think somebody should organise a group of say 20 -30 owners of aircraft say under 500k and look at captive insurance of the hulls and just buy 3rd party. You could have some rules such as min 100 hrs on type , 500 total, no autos to the ground etc My guess is you could halve the cost.
For instance my heli costs 16k to insure but there are no limits on hrs flown..i could do self fly hire 1000 hrs a year, no hrs or experience requirement at all !!! Any pilot regardless of age,experience can fly...... which makes me ask the question what if you halved the risk by taking these low hr pilots out, take out training and autos and fly say less than 250 hrs ???
If anyone wants to put a group together on this line then count me in !
By the way be warned, if you think you are insured for engine damage you may well not be...with Haywards there is NO cover at all if any part of the a/c goes through the engine and writes it off...that is then a $300,000 plus bill on a squirrel and not a penny from the insurance !!! BE AWARE
