Part 91 Global 5000 Insurance
03-13-2014 | 08:58 AM
#1
Thread Starter
New Hire
Joined: Jan 2014
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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: Aug 2008
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From: Swing that gear
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
Doing One Pilot's Job
Joined: Sep 2005
Posts: 7,883
Likes: 119
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: Nov 2013
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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
03-14-2014 | 09:53 AM
#6
Thread Starter
New Hire
Joined: Jan 2014
Posts: 9
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It's a little more than just curiosity. Sorry, I can't give much detail as there is currently a gag order on my situation. But yes, a ballpark estimate is all I'm looking for. For financial estimates and planning.
03-19-2014 | 04:30 PM
#8
Gets Weekends Off
Joined: Oct 2008
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Could you share some info about your coverage?
03-30-2014 | 07:27 PM
#9
Gets Weekends Off
Joined: Jun 2008
Posts: 244
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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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