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Bryan,
I have looked into insurance for my 320 for a friend of mine who is a 500 hour private pilot. I believe the way to look at the 320 and 360s for insurance is that it will cost $10,000 extra for the first year.
$2,500 x 2 for the pilot and to train an instructor pilot at HPAT. 50 x $30 = $1,500 for an instrument rating with the instructor pilot. Finally an additional $2,500 for the first years insurance. Extra flying $1,000. This totals $5,000 + $1,500 + $2,500 +$1,000 = $10,000.
By the end of the first year you will have over 50 hours in type and an instrument rating which is an absolute must for our aircraft. At the end of the first year, the $10,000 should go away and you will only be subject to the usual costs.
Lorn
LNC2-320, 1,520 hrs
248-345-0500
From: "Bryan Wullner" <vonjet@gmail.com>
Date: December 31, 2008 9:57:54 PM GMT-05:00
AIG hasn't quoted me yet but they said in order to get insured in a 360 I would need 350TT and at least 50 in RG. Then after insuring they would require more training in the aircraft before I could fly solo.
Im still waiting on 2 other companies to give me their requirements.
I dont have anywhere near 350TT so It's not looking good for me if the other companies require the same. Anybody looking for a sweet 360 that is ready for paint and Interior?
Bryan
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