Insurance

[RickS]

We have found a nice C-340A that we are ready to close… however!
Insurance says
They do not like planes older than 1980
They do not like pilots over 70
They do not like C-340

 

[cashflyer]

Yep - as much as the FAA, insurance companies dictate general aviation.

I was recently in the market for a 310, but the insurance company shut that idea down pretty quick.

You could always fly with liability only. Or like many people in my area, fly with no insurance at all.

 

[pilotxp]

We have found a nice C-340A that we are ready to close… however!
Insurance says
They do not like planes older than 1980
They do not like pilots over 70
They do not like C-340

What this translates as "We insurance companies no longer like a risk of any kind" we just want to make lotsa green!!

 

[Neoflyer]

Went through that when searching for a 206. Three times the premium of a similar hull value 182. The increase in number of insured passenger seats doesn’t come anywhere near explaining it.

 

[Jack Horn]

Same boat on 206; paid $1900 for $140K on highly backcountry modded 56 182. Probably looking at $6K for $300K 206 even with 2000 hrs in 210s.

BTW, looking for clean T206G- cash deal.
Jack