I too am in the market for insurance. Global , even with my flight experience in a KR and never had an issue in 560 KR hours, quoted me a whopping $895 year just for liability. On my first KR, I only paid $300 year for liability coverage with Falcon. I’m waiting to hear back from them on a quote. Mark Jones Oldsmar, Fl
N771MJ “WunderBird” www.flykr2s.com
I had Falcon subbed to Global Aerospace for $1M liability and $20,000 hull
coverage on my KR-2 N6242, premium $1,100 per year. That included first
flight coverage with the stipulation I had 5 hours PIC in type in the previous 6
months; Global accepted the 6 hours PIC in my hangar partner’s Pulsar XP as
qualifying.
All that above is history. Annual Premium with Falcon/Global
Aerospace is now $300 for $500K liability, nothing in motion. I am
building N26383 now and need the liability coverage to keep the County landlord
happy. When the first engine run comes up, I expect the in-motion premium
to jump to about $600 or more per year. Not sure about the hull
coverage.
Sid Wood
California, MD.
Sent: Thursday, August 17, 2023 6:15 AM
Subject: KRnet> Insurance
I can see the finish line for completing my KR.
Starting to think about insurance. Any tips, issues, or recommendations
from the team?
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