How to insure for flight instruction?

Insurance Kills many if not most attempts to rent personal aircraft
out. Unless you can fly the airplane at least 300 hours a year it
probably won't even break even.

Really the only options a

1. Pay the Insurance and probably lose money at it when you can't rent
the airplane out an Average of 6 hours per week need to pay for the
insurance.

2. Charge so much that almost no one will rent the airplane.

3. Decide if you could take a $20,000 hit if the 1st person you rent it
to Totals it, If you can, then set some of the rental fee aside to
replace/repair the airplane if it does eventually get damaged. (Self
Insurance). At the current insurance rates if you have no claims the,
you may have set enough money aside after about 5-7 years to pay for a
replacement airplane.

a. requiring renter insurance will reduce you risk
but not eliminate it., This will significantly reduce the number of
potental renters.
b. you will have to/want to buy liability
insurance, it is relatively econimical and will protect you if the
airplane injures someone or damages other property.
c. there is no such thing as CFI Hull insurance
for non-owned airplanes, at least that I have found. Please let me know
if you find it.


4. The FBO leaseback option would reduce the insurance rate some, but
the plane is still going to have to fly a lot to make it worthwhile.
5. I am sure there are some other options.

Brian
CFIIG/ASEL

There is CFI "hull" insurance. However, like renter's insurance, it
only pays when the CFI is at fault.

https://www.aopaia.com/cfi_insurance3.cfm

Optional Coverage - Limit of Liability (Physical Damage to non-owned
aircraft):
Per Occurrence Annual Premium
No Coverage 0
5,000 125
10,000 175
20,000 250
40,000 450
60,000 600
80,000 775
100,000 975
150,000 1,425