Originally Posted by
rickair7777
Huh??? Maybe compared to a Lamborghini, but generally airplane insurance is much more expensive than car insurance. The pilot's experience also plays a large factor in insurance rates.
You don't. Unless you rent, lease, or have an outstanding loan on your aircraft, or are a 121/135 operator, or the state you live in requires liability insurance.
Thread drift I know but the growing trend is to not fully insure for hull on older airframes and provide the student with the bill when there's an incident. I've seen deductibles in the $8000-10,000 range lately. Did they mention that on your rental agreement?
When I had a school in MI in the late 90's state law required that I disclose the amount of insurance provided to all renters. No surprises when you prang the prop. Of course then the deductibles were between $250 and $500 for training and rental aircraft. Now, I've seen hull and liability go for 10K a year on a 1981 C172 for deductibles that low (training and rental use). Many mom and pop shops are forgoing hull insurance as the note gets paid off.