Minimum Experience and VLJ's (was Eclipse 500)

Mike Rapoport wrote:


5) Insurance for the typical owner/operator will probably be $20-30,000.

Which is cheap. I know two guys. One just sold his Citation. The
insurance bill was $95K per year. He also owns a Caravan on amphibs.
The tab for insurance on that one is $35K per year. The other guy owns
a Caravan on wheels. The tab for that insurance bill is $20K. He
skipped the hull insurance and just keeps liability for hardly anything.
Relatively speaking.

"Newps" wrote in message
...


Mike Rapoport wrote:


5) Insurance for the typical owner/operator will probably be $20-30,000.

Which is cheap. I know two guys. One just sold his Citation. The
insurance bill was $95K per year. He also owns a Caravan on amphibs. The
tab for insurance on that one is $35K per year. The other guy owns a
Caravan on wheels. The tab for that insurance bill is $20K. He skipped
the hull insurance and just keeps liability for hardly anything.
Relatively speaking.


Sure it is relatively cheap compared to the same pilot in a more expensive
airplane. In reality the insurance may be much higher than $20-30,000 it is
going to depend on pilot qualifications. If the VLJ is 50% of the hull
value of your friends Citation than it is going to cost half as much to
insure. In any event it is going to be a lot per hour for the typical user.

Mike
MU-2