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Skunkworks85

F2 Insurance premiums???

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During the renewal for my CTSW ( btw, went down this year!) My broker from AIR, mentioned that they have a client with an F2, that many insurance companies will not quote the aircraft and the one that responded came back with a $15k premium on a $210k hull value. 

 

Seeing if there was anyone else out there with that experience. 

 

 

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4 hours ago, Skunkworks85 said:

During the renewal for my CTSW ( btw, went down this year!) My broker from AIR, mentioned that they have a client with an F2, that many insurance companies will not quote the aircraft and the one that responded came back with a $15k premium on a $210k hull value. 

 

Seeing if there was anyone else out there with that experience. 

 

 

Did they say why?  I know its a new airplane, but that is ridiculous.  Could it have also had something to do with the client's age in combination with it being a new airplane?

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Considering it is a new airplane with no history, I can understand why. That is only 7% of the value. When I had my J3 Cub on my commercial policy it was 10% of the value to insure it. This last year my Warrior was almost 20% for a commercial policy.

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