Homebuilt insurance?

[SIG600]

I'm wondering what you guys in the know, pay for insurance on a home built. What are typical coverages, premiums, etc.

Specifically it'll be an RV-7 with two pilots on the policy
1.) ~19,000 total time, no violations, revocations, accidents, etc. Certficates ATP and everything that goes with, current Airbus Captain

2.)~1,400 Total, same as above for history, Comm/MEL/Inst CFII/MEI, current flying Tacair for the Navy.

The plane will be completed soon, time to start insurance shopping.

 

[sandman2122]

Tailwheel time is the pivotal factor in your premium. I'm going with Falcon Insurance (EAA) for an RV4 and I'm looking at $1762 a/yr. via Global Aerospace. And that's with @ 50 hours tailwheel and a 3 hour dual RV4 checkout.....Check with Jim Pappas Insurance, he's got competative rates..

Falcon mentioned @ a $200 a/yr reduction in my premium when I get over 200 hrs taildragger in type (RV4).

 

[MAJIC9]

SIG, call Jim Pappas and get the most accurate info...

http://www.pappasinsurance.com/


He's a -7 builder as well.

majic
-7A

 

[weekendwarrior]

Don't forget about Nationair Insurance. They have a specific RV program that has VERY good rates and service.

 

[USMCmech]

With most well known kits (RVs, kitfoxes, lancair, ect.) you can expect to pay something close to what insurance would cost in a similiar airplane.


For the more exotic kits, you would just have to call around and see what you get.

 

[brett]

I just bought an RV-4. I paid $277 for liability only, no hull, lower than, "standard" liability limits. (Don't have many assets to protect!) I had 2800 TT, 185 TW, 16 in type. I was quoted $480 for $1M coverage. Had a friend who was paying only $900 a year full coverage for his -4 with 43K hull. He has about 2000-3000 hours of tailwheel time.

- Brett