Originally Posted by
Natlaircharters
I am paying around 14000 for our panther navajo which includes 400k hull insurance 1mill/100,000 liability. I have a pretty good broker if you would like more info on him pm me. A lot of other companies I have talked to are around 15-17k. Time in type is what they really like. I think our open pilot policy is 2000tt 100 in type and I don't remember the multi requirement. The less experience you have the higher the premium and they will probably require some sort of yearly school like flight safety or your 135 training program can suffice if they approve it.
$14,000 total premium, with a $1 MM limit SUB LIMITED to $100,000 per pax seat, is no where near a good deal.
If your running 135 ops and have paying pax in the back, they only have $100 K of coverage each, that'll see you one week in court.
The rule of thumb is $5 MM per pax seat for a N reg aircraft, I know that can't always be acheived due to type of aircraft & ops. but more insurance is available and should be purchased.