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| So I've been building an ultralight |
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| danny_galaga:
I have quotes from several insurers now. At today's rates, it's approximately 2700 USD |
| Zebidee:
For a year? What does that cover (comprehensive, third party, etc)? If the hanger burns down do you get enough for a new plane? What if it floods out? There is often a distinction between storm and flood coverage. Premiums for natural disasters seem to have gone through the roof. What do you require legally? |
| danny_galaga:
So my plane is registered with RA AUS. They have their own system..you pay yearly rego, like a car. Civil aviation you only pay (once) to get the call sign and then the rest is up to you. Same with licence. In civil aviation, once you have the licence, you have it forever. With Ra Aus, it's a yearly renewal. Like a car, there is third party liability. I think it's 20 million . BUT, only 250k for passenger injury/death. As you can imagine that's not much at all. So the generally recommended thing is to get 5 million to cover the passenger, and then also cover the cost of the plane. One guy I talked to said his plane is maybe 250k, he has it 40% insured, enough to get him.a cheaper plane if his gets written off. I've insured mine for 70k AUD, which is like 53 cents American 😄 Plane cover is for any circumstance as far as I can tell.i understand that insurance are effing a holes when it comes to your house and floods versus flooding. That was really driven home after the floods here in Brisbane. But for an airplane, much like a car it can be damaged in so many different ways. It's just covered. |
| Zebidee:
Well, this is topical. Hopefully he had his insurance paid-up. Won't make much difference to him of course (pilot dead), but at least the surviving passenger can make a claim on it: https://www.abc.net.au/news/2024-12-29/plane-crash-mcintyres-airfield-palmers-island-yamba-nsw/104769362 |
| danny_galaga:
Yes, heard about it. I believe he was flying a Bearhawk, similar style of aircraft as mine, but bigger. Was probably on the civil register so don't know about insurance in case. |
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