Reasonable Insurance Costs
Join Date: Feb 2003
Location: London
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Sounds like a good deal to me. We pay a bit North of £3k for a PA32 300 and have had a good look around. Nearly all the brokers go to the same underwriter as far as I can see so there doesn't seem to be that much choice.
I have heard that these Belgian insurers are very competitive. (Insurance placed anywhere within the EC would comply with legal requirements). Their website's in French, and haven't asked them for a quote yet myself so can't confirm anything. If you do try them, would be great if you could post some feedback here 
Join Date: Jun 2003
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Is 1k cheap or expensive?
I pay just under £3k for a SEP with an agreed-value hull cover of £195k. This is a single named pilot only, business and private, FAA PPL/IR, 700+hrs, done via Hall & Clarke. It would come down a lot for a lower hull value. It will probably come down more when I get the CPL done.
I pay just under £3k for a SEP with an agreed-value hull cover of £195k. This is a single named pilot only, business and private, FAA PPL/IR, 700+hrs, done via Hall & Clarke. It would come down a lot for a lower hull value. It will probably come down more when I get the CPL done.
Join Date: Sep 2002
Location: Savannah GA & Portsmouth UK
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Well, we like to think it's expensive and would prefer it to be around the 800 mark. I dare say we could do just us much damage to yours though by running into it as you could do by driving it into a brick wall. Maybe the hull value of what you might hit is a factor in the calculation? (certainly seems to figure in the MoD's)
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The 3rd party cover is the limiting factor; you don't need to insure the hull at all.
It's easy to taxi into another plane, and they will just love to have a brand new £50k wing while they are at it, thank you very much...
I think practically all liability in GA is to do with driving around on the ground, plus passengers.
It's easy to taxi into another plane, and they will just love to have a brand new £50k wing while they are at it, thank you very much...
I think practically all liability in GA is to do with driving around on the ground, plus passengers.
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Interestingly Haywards could not have cared a jot that I offered to impose a minimum total flying hours of 5000 per pilot, ATPL holders only. Their risk was based purely on total piston engine time. At the moment I pay 2.5k for an 80k hull value and minimum 500hrs piston engine pilot experience. Raising that limit to 1000hrs minimum experience would lower the premium to around £2.2k.
niknak
Join Date: Dec 2001
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Interesting one this, I had a word with a buddy who is the boat insurance business, (his firm also insures high value anything but marine is his speciality).
He told me that with such things as privately owned/operated light aircraft and boats, the premium is usually around 10% of the sum they would pay out in the event of a total loss.
"Such vessels operated by professionally qualified crews are subject to much lower premiums".
There you have it.
He told me that with such things as privately owned/operated light aircraft and boats, the premium is usually around 10% of the sum they would pay out in the event of a total loss.
"Such vessels operated by professionally qualified crews are subject to much lower premiums".
There you have it.
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Try Haywards Aviation at www.haywards.net
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the premium is usually around 10% of the sum they would pay out in the event of a total loss.
My premium is just 1.5% of the total loss payout - assuming no claim from passengers or 3rd parties.
A 10% premium is extremely high and shows something is very wrong. I've heard of 10-20% premiums on satellite launches.
Very true about disregarding TT for an ATP and looking at piston time only; I can confirm that and it makes sense.
I don't see a much lower premium if I had 10k piston hours and an ATPL - maybe 30% off. I know a CPL won't get me more than 5%-10% or so.
My premium is just 1.5% of the total loss payout - assuming no claim from passengers or 3rd parties.
A 10% premium is extremely high and shows something is very wrong. I've heard of 10-20% premiums on satellite launches.
Very true about disregarding TT for an ATP and looking at piston time only; I can confirm that and it makes sense.
I don't see a much lower premium if I had 10k piston hours and an ATPL - maybe 30% off. I know a CPL won't get me more than 5%-10% or so.
