Mark's Mustang II Project Pages | |
Insurance and Other Costs to keep in mind.... | |
Experimental airplane insurance is a rip-off...there i said it is out in the open.... I pay $2700 a year for the Mustang II (but the RV guys get about $1000 knocked off of that...don't ask me why...the planes are similar from an insurance stand point.) I guess they just have it out for us Mustang II drivers....jealousy i suppose. UPDATE 7/7/2005: I have 210hours flight time and 75hours in the Mustang II and my rates still have not dropped from $2700.... Insurance I had 140hours total time when i finished my Mustang II. I finally was able to get insurance through Falcon (EAA selected insurance group....thanks EAA and Falcon!!). Falcon Insurance Agency I paid a premium of $2690.00 for Single Limit Bodily Injury and Property Damage Liability including Passengers $1,000,000 each occurrence and $100,000 each passenger. Medical expenses including crew $10,000 each person All Risks Basis no deductible (thanks EAA) : Insured value $70,000 Hanger Rent In Tampa, FL i paid 272.80 for a hanger at Vandenberg Airport just west of Tampa. I moved up Raleigh, NC and was able to share a big hanger with 4 other planes for $125.00. I moved yet again to another Hangar at Triple W and pay $175.00 a month for a large T-Hangar.
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Table of Contents Who am I? Finishing Parts List SIGN Guest Book
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