WIX Archives

Insurance

Posted by Tim Savage on Tue Oct 21, 2003 02:08:15 PM

In reply top Re: Problems facing warbirds movement posted by sammy on Tue Oct 21, 2003 01:39:08 PM

Insurance is definately the largest problem I feel we face. While, my insurance rates have actually gone down in the last couple of years, I can't say what has happened to the heavier iron aircraft. I do know that I recently inquired about insurance for a DC-3 that I was going to buy. Once I found out how much the insurance was going to be I shelved those plans. The liablity insurance was $20k alone for ten seats. The hull insurance was going to be an additional 10k.

Many operators that I know are now going without hull insurance because the deductables are so high that the aircraft would have to be nearly destroyed to make it worth carrying the hull.

Essentially, there is one underwriter that is now writing policies for the heavier aircraft. We are fortunate that they are still willing to do it, even though the prices are high.

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