Part 91 Global 5000 Insurance
03-13-2014, 08:58 AM
#1
New Hire
Thread Starter
Joined APC: Jan 2014
Posts: 9
Part 91 Global 5000 Insurance
Hello all!
Any idea to how much it costs to insure the Global 5000? I understand it depends on many thing like pilot qualifications and TT... Just curious to what's the most one could expect to pay and the least. The one in question is a 2009 with about 2k hours. Any info would be appreciated! Thanks
Any idea to how much it costs to insure the Global 5000? I understand it depends on many thing like pilot qualifications and TT... Just curious to what's the most one could expect to pay and the least. The one in question is a 2009 with about 2k hours. Any info would be appreciated! Thanks
03-13-2014, 09:11 AM
#2
Gets Weekends Off
Joined APC: Aug 2008
Position: Swing that gear
Posts: 354
Depends on many things like Aircraft Liability Coverage, Hull Value, Deductible etc. Higher liability limits will result in about 3X the premium so the number you receive will probably be completely random.
03-13-2014, 11:11 AM
#3
The NeverEnding Story
Joined APC: Sep 2005
Posts: 7,505
Yeah...you might call a broker or three to get a ballpark, because I would guess its all over the map depending on how much liability one carries. And I'd expect anybody flying a large cabin bizjet to have a lot of liability coverage.
03-13-2014, 11:52 AM
#4
Banned
Joined APC: Nov 2013
Posts: 962
Originally Posted by GWBic
Hello all!
Any idea to how much it costs to insure the Global 5000? I understand it depends on many thing like pilot qualifications and TT... Just curious to what's the most one could expect to pay and the least. The one in question is a 2009 with about 2k hours. Any info would be appreciated! Thanks
Any idea to how much it costs to insure the Global 5000? I understand it depends on many thing like pilot qualifications and TT... Just curious to what's the most one could expect to pay and the least. The one in question is a 2009 with about 2k hours. Any info would be appreciated! Thanks
03-19-2014, 04:30 PM
#8
Gets Weekends Off
Joined APC: Oct 2008
Posts: 124
Originally Posted by WstCstCmtr
Our 850, now 2 years old with 140hours, is $24k per year for world wide coverage.
It's been a good 2 years.
It's been a good 2 years.
Could you share some info about your coverage?
03-30-2014, 07:27 PM
#9
Gets Weekends Off
Joined APC: Jun 2008
Posts: 244
Originally Posted by GrummanCT
Wow. Please share your broker as that sounds insanely low. Not doubting you, it just sounds like a too good to be true price to insure an aircraft of that value.
Could you share some info about your coverage?
Could you share some info about your coverage?
The coverage is what ever the lender specified... not sure about the terms.
I thought that was on a annual report, but could have been quaterly.
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