|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....
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
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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