Eclipse 500 Type
11-01-2010, 06:59 PM
#1
Gets Weekends Off
Thread Starter
Joined APC: May 2010
Position: CFI
Posts: 413
Eclipse 500 Type
Got a guy who is wanting me to be typed in his eclipse to fly him around... anyone have any idea what insurance requirements are on average for a jet like this? Obviously got the CFI ratings if that helps for insurance at all.... will have a decent amount of time in a Baron 58 as well.
Thanks guys
Thanks guys
11-02-2010, 07:12 AM
#2
Flying Farmer
Joined APC: Jul 2006
Position: Turbo-props' and John Deere's
Posts: 3,160
What is decent time in a Be58, 50/100/500??? What's your TT?? I'm guessing you have "0" turbine??? That is really what's going to hurt you. They can still get you the type, but you're going to need a Mentor pilot is my best guess to keep the insurance company happy. Could be as much as 100hrs or greater just depending your specific scenario.
11-02-2010, 02:00 PM
#3
Gets Weekends Off
Thread Starter
Joined APC: May 2010
Position: CFI
Posts: 413
TT at 500, multi up to around 100 in the baron... more if needed. This guy was getting a type in it with no mentor pilot. He has about 2000 in the baron TT. He is 60 years old and just getting to the point i think where he is not as capable and is realising that
11-02-2010, 02:30 PM
#4
Gets Weekends Off
Joined APC: Apr 2009
Position: A-320 FO
Posts: 693
Pro Pilot had a good read on VLJ'S when they were introduced a few years ago. You can check AOPA insurance, their group has some terrific rates. I am in the process of placing a trainer in the air and AOPA is quoting $1331 annually for a student, compared to $8500 with Avemco.
11-02-2010, 04:25 PM
#5
The NeverEnding Story
Joined APC: Sep 2005
Posts: 7,518
There have been many Cirrus SR22 pilots with no multi or turbine experience at all who have transitioned into Eclipse jets with a safe record of operation.
Simcom probably won't care about your experience for a type rating...but insuring with that little experience could be rather expensive ($20-30k). One thing in your favor is hull value - your average Eclipse 500 is probably no more than $1.5M hull and many probably less than that.
Simcom probably won't care about your experience for a type rating...but insuring with that little experience could be rather expensive ($20-30k). One thing in your favor is hull value - your average Eclipse 500 is probably no more than $1.5M hull and many probably less than that.
11-02-2010, 07:09 PM
#6
Gets Weekends Off
Thread Starter
Joined APC: May 2010
Position: CFI
Posts: 413
im willing to bet my biggest detriment will be the multi time. I don't think money is the object for this guy... just if i can or not. Meaning, if insurance WONT insure unless i have 750+ total time or what not, thats where the problem will lie.
11-03-2010, 04:50 AM
#7
Super Moderator
Joined APC: Jun 2006
Posts: 3,946
Originally Posted by f16jetmech
im willing to bet my biggest detriment will be the multi time. I don't think money is the object for this guy... just if i can or not. Meaning, if insurance WONT insure unless i have 750+ total time or what not, thats where the problem will lie.
There is a price point where he will no longer be interested. Especially in this industry there is always someone with more experience who will do it cheaper.
11-03-2010, 04:54 AM
#8
The NeverEnding Story
Joined APC: Sep 2005
Posts: 7,518
Originally Posted by usmc-sgt
There is a price point where he will no longer be interested.
Its also PROBABLE that the premiums would be quite reasonable if the OP and the owner fly the first year crew-only vs. single pilot; this would allow the underwriter to see a reduced risk vs. single pilot operations resulting in a lower invoice.
11-03-2010, 07:40 AM
#9
Gets Weekends Off
Thread Starter
Joined APC: May 2010
Position: CFI
Posts: 413
Originally Posted by BoilerUP
While true, its entirely possible that point is well above what one might be charged as insurance premium on the Eclipse.
Its also PROBABLE that the premiums would be quite reasonable if the OP and the owner fly the first year crew-only vs. single pilot; this would allow the underwriter to see a reduced risk vs. single pilot operations resulting in a lower invoice.
Its also PROBABLE that the premiums would be quite reasonable if the OP and the owner fly the first year crew-only vs. single pilot; this would allow the underwriter to see a reduced risk vs. single pilot operations resulting in a lower invoice.
11-03-2010, 07:57 AM
#10
The NeverEnding Story
Joined APC: Sep 2005
Posts: 7,518
Originally Posted by f16jetmech
So the situation would be, me with the type and him without, no one else in the plane.
I don't think you'd have any problem flying the Eclipse, but insurance could be a factor...
Thread
Thread Starter
Forum
Replies
Last Post
