I just paid $3200 for aircraft insurance for $80K value - through a broker.i understand that public liability is included in the ra-Aus licence but what sort of money are people paying for insurance on the plane itself?
I paid just under $2000 to insure my Bristell for $150000 hull and $1000000 liability via PSB who advertise with RA-Aus. I go for a $5000 excess to get the premium down. It is not hard to do 5k in damage.I just paid $3200 for aircraft insurance for $80K value - through a broker.
Can never have too much insurance, only works out a few hundred dollars extra a year or less than a dollar a day.I’m curious about you guys having liability as well. Doesn’t the RA AUS licence cover liability?
My insurance allowed demonstration (non instructional) flights with no additional cost or naming additional pilots.I had my instructor nominated on my policy...which was good as I got him to take the prospective buyer up for a flight in mine so he could fly from the left seat.
Surely it is reasonable to insure a home built plane for more than component cost, I am about to put $80,000 on my un-flown Savannah S. I would think that under insurance is more likely to lead to disappointment if your low insured value is further reduced by a factor for under insurance in the event of a write off.Be careful folks - insuring your aircraft above market value, may lead to disappointment, in the event of a significant claim.