Hi guys,
Looking for suggestions on a suggested aviation insurance broker for commercial insurance on a single engine 8 passenger aircraft for a 703 operation.
What would be the average quote that I can receive to hear to insure such an aircraft, of course depending on the experience of the chief pilot and a secondary pilot.
thanks
747
703 ops aviation insurance suggestions
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Re: 703 ops aviation insurance suggestions
AVRO Insurance Managers are by far the best aviation broker for a startup 703. Their website is avroins.com. The person you want to talk to is Mark Bee. His email is mark@avroins.com or phone 1 800 796 2876. If he is not available, ask for David. Aviation insurance is all AVRO does (since 1978!) and they have the ability to deal with more aviation insurance companies that just about anyone else in Canada. They also have more contacts with Lloyd's than anyone else. AVRO is actually an aviation insurance wholesaler but you can deal with them directly if you are in Western Canada. You have probably never heard of them because they only advertise to other brokers. If you are in Eastern Canada, they will arrange coverage for you through your local broker.
Don't bother with the guy at Pitt Meadows. He is a great salesman but his access to different markets is very limited and I don't think he has any access to Lloyd's at all.
As far as premiums go - the range is huge depending on the details. Your hull rate could be anywhere from 1% of the insured value to 3% or 4% of the insured value if you are operating in rugged or remote areas. It's more expensive to insure floatplanes than it is wheelplanes. The main factor for rating is the pilots experience on the make & model being insured.
$10,000,000 CSL for seating 8 pass will probably cost you around around $3500 plus $1200 per passenger. Again - quite variable depending on where you are flying and who your clientele is. It is more expensive if you are doing executive charters into the states vs doing oil patch work where your passengers are all covered under workman's comp.
Getting the right insurance involves comparing a lot of apples and oranges. The policy wordings vary greatly so the cheapest policy is seldom the best value for your dollar. Ask lots of questions. Having the right broker will also make any claims process go much smoother and that's what it is really all about. Good luck.
Don't bother with the guy at Pitt Meadows. He is a great salesman but his access to different markets is very limited and I don't think he has any access to Lloyd's at all.
As far as premiums go - the range is huge depending on the details. Your hull rate could be anywhere from 1% of the insured value to 3% or 4% of the insured value if you are operating in rugged or remote areas. It's more expensive to insure floatplanes than it is wheelplanes. The main factor for rating is the pilots experience on the make & model being insured.
$10,000,000 CSL for seating 8 pass will probably cost you around around $3500 plus $1200 per passenger. Again - quite variable depending on where you are flying and who your clientele is. It is more expensive if you are doing executive charters into the states vs doing oil patch work where your passengers are all covered under workman's comp.
Getting the right insurance involves comparing a lot of apples and oranges. The policy wordings vary greatly so the cheapest policy is seldom the best value for your dollar. Ask lots of questions. Having the right broker will also make any claims process go much smoother and that's what it is really all about. Good luck.