cfi insurance premium

[Lil Jon]

how much are you freelance guys/gals paying for coverage per year? how good is the coverage?

thanks

 

[dingo222]

dude, best question i've seen in a while! I'm very, very curious also, as my employer just dropped out coverage. I talked to the peeps at AOPA, and it looks as if i can pick up coverage for around 400 a year with no deductible. What have you heard? The quote through AOPA is through AVEMCO i believe.

 

[Lil Jon]

i've actually never gotten a quote, but i'm starting to think about it since the boss doesnt think its a good management decision to raise my pay to the going rate at the airport (i'm getting 20% less). so much for making a professional raise for being at work 70 or 80 hrs a week

 

[dingo222]

here is where i got my quote:

www.aopaia.com/cfi_insurance.cfm#

imigine that; an employer that wants us to pay for insurance with a bag of peanuts, lol.

 

[Lil Jon]

i might have to check that out. i'm covered by my employer, but i could probably charge twice what i actually am making and make a bit more money covering myself.

 

[Ralgha]

$650 per year for $1 mil total, $100,000 each passenger. No deductable. Every place I looked had the same premium, Falcon had the best coverage.

 

[dueguard1]

$275.00 per year w/ Avemco...................But no Multi- Instruction coverage

 

[Fly_Chick]

I have avemco through AOPA. Even if your employer covers you, I would recommend getting this in case you are flying on your own. It covers CFIs for renting airplanes as well as flight instructing.

 

[midlifeflyer]

Premium, of course, varies with coverage. Not much difference between the three primary agencies, AOPAOA, AVEMCO (direct) and Falcon Insurance, which works on the NAFI policy.

I chose the amount of coverage that fits my own notions of acceptable risk.

 

[Lil Jon]

275 seems pretty cheap, 650 doesnt sound bad. now why is the boss saying stuff like we wouldnt make enough money (off of me) if i got a raise? making 10 off me an hour would pay that off pretty darn quick! oh well, it looks like i'm moving up to something with fortysome more seats soon its been a great experience, but i'm movin up!

 

[midlifeflyer]

Lil Jon -

The school doesn't get away that cheap. That $650 or so is for you - to take care of liability for accidents that =you= cause and the minimal exposure that you have when you are not in the airplane. And it also represents a pretty small amount of hull damage coverage - not nearly enough to take care of most damage to an airplane.

The school on the other hand is covering exposure for liability caused by you, student pilots, member pilots, and it;s own internal procedures. It's coverage of the fleet has to include enough to pay for the real cost of airplane damage caused by all CFIs, students, and renter pilots.

Go to one of those agencies and instead of the CFI policy, tell them you own an airplane and want to teach in it - and watch the quote change dramatically.

 

[Goose Egg]

I pay approximately $0.00. My school covers liability insurance for us instructors. And why bother renting somewhere else when the school gives us one hour of flight time per month for currency. I just take my friends for that free hour.

-Goose

 

[Lil Jon]

i also pay $0. and our company does not cover for renters' boo boos, that's up to the renter to have his/her own liability insurance. i'm just trying to make a point to management and stand up for my professoinal value and get an idea of what it is costing them to cover me alone while i'm instructing. but i do want to thank you all again for the input, it's always good learning something new. maybe i'm just being a rapscallion.