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#1
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Hull insurance cost is a small percentage of hull value, and
thus pretty high on ANY high value aircraft. Liability insurance rates (which pay medical/death payments) do not rise all that much as airplane values rise. Hull values rise substantially as airplane values rise. For airplanes in the economic class as a Cirrus, hull insurance almost certainly costs more than liability insurance. For a commercial insurance policy on my P210, full in-motion and not-in-motion hull insurance costs 4 times the price of liability insurance -- that is no exaggeration. -------------------- Richard Kaplan, CFII www.flyimc.com Agreed Richard. All one has to do is check the hull premiums on a Pilatus or Lear to see that. Higher value, higher premium. The bigger COST to the insurance company remains medical/death payouts Perhaps I didn't make myself clear earlier. What I was trying to convey was that high insurance premiums are not specific to Cirrus - they are common to all insured high value items. Whether insurance companies will look at lives saved by the BRS patrachutes on Cirrus & some retrofitted Cessnas & thus lowver the total premium, remains to be seen John |
#2
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"ISLIP" wrote in message
... Perhaps I didn't make myself clear earlier. What I was trying to convey was that high insurance premiums are not specific to Cirrus - they are common to all insured high value items. How do Cirrus insurance premiums compare to other retractables with the same declared hull value? -------------------- Richard Kaplan, CFII www.flyimc.com |
#3
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![]() "Richard Kaplan" wrote in message s.com... "ISLIP" wrote in message ... Perhaps I didn't make myself clear earlier. What I was trying to convey was that high insurance premiums are not specific to Cirrus - they are common to all insured high value items. How do Cirrus insurance premiums compare to other retractables with the same declared hull value? All Cirrus are actually fixed-gear. |
#4
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![]() "Thomas J. Paladino Jr." wrote in message ... All Cirrus are actually fixed-gear. Oops... slipped there... I should say compared to other "comparable aircraft." It was in this thinking mode because it is hard to come up with another example of a fix-gear single which insurers treat with strict undewriting requirements. -------------------- Richard Kaplan, CFII www.flyimc.com |
#5
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In article , ISLIP wrote:
Agreed Richard. All one has to do is check the hull premiums on a Pilatus or Lear to see that. Higher value, higher premium. The bigger COST to the insurance company remains medical/death payouts Not only does a Lear hold more people than say, a C140, and costs a lot more, when it crashes lots more stuff (and people) are likely to get broken. It didn't really surprise me when looking at NTSB reports, trying to find out how people crashed C140s, so I didn't do something similar and crash mine after I bought it was that there were so few injury accidents. If you crash slowly, you're less likely to be hurt. Crash in a Lear and for many types of crashes, you'll probably kill or seriously injure everyone on board. This makes the 'fixing people' bit rather more expensive. -- Dylan Smith, Castletown, Isle of Man Flying: http://www.dylansmith.net Frontier Elite Universe: http://www.alioth.net "Maintain thine airspeed, lest the ground come up and smite thee" |
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