Overview:
The Cessna 195 Businessliner, is a single-radial-engine, five-seat, high-wing, conventional-gear aircraft built by Cessna. Production started in 1947, ended in 1954 and over 1,100 Cessna 190 and 195’s were built. Cessna 195’s were the only aircraft Cessna built after World War II with radial engines.
The Cessna 195 is known for it’s large fuselage enabling 3 passengers on a bench seat in the back of the aircraft. With the radial engine, thee Cessna 195 was expensive to operate and therefore was marketed as a “business” aircraft to help sell it.
Aviation insurance in general, is a very specialized industry and premiums vary depending on make and model of the aircraft, hull value, use of the aircraft, pilot history and qualifications and aircraft insurance rates even take into account the loss history of each specific make and model and the loss history of the industry as a whole.
Cessna 195 insurance, like all airplane insurance, is broken down into 2 specific coverages. The first is Liability Coverage, which is standard on every aircraft insurance policy and the second is optional hull coverage, which covers damage to the aircraft itself.
Cessna 195 aviation liability insurance covers damage caused by the aircraft, outside of the aircraft, specifically property damage, bodily injury, and provides money for legal defense in the event that the aircraft owner is sued. Aircraft liability insurance is typically offered for Cessna 195 aircraft at $1,000,000 per occurrence (per incident) and includes coverage for passengers but limits that amount to $100,000 per passenger, which is included within the total liability of $1,000,000.
A real-world example of how this aviation liability coverage would protect you: If while flying your Cessna 195 and damaged property or caused bodily injury outside of the aircraft, you would have the full $1,000,000 in coverage to pay for damages that occurred. If the airplane crashed and you had passengers inside the aircraft that were injured, your insurance policy would pay up to $100,000 for each passenger. The Cessna 195 typically holds 4 passengers, so you up to $400,000 of your total $1,000,000 insurance policy could be used to pay for passenger liabilities, leaving you with $600,000 for other damage outside of the aircraft or legal defense.
This liability coverage also applies as a bubble that follows the aircraft around. If the aircraft is hangered, liability coverage extends throughout your hangar and it is this coverage that airports will typically require you to have. It’s not a separate insurance policy, it is actually coverage built into your standards airplane insurance policy.
Other liability options: Some companies may offer lower liability at $500,000 but the cost savings typically doesn’t make this a viable choice. Higher liability coverage on the Cessna 195 is typically not available due to the type and build of the aircraft.
The second coverage on a Cessna 195 aircraft insurance policy is hull coverage and is an optional coverage. Aircraft hull insurance covers damage to the aircraft itself and is an agreed value, not subject to depreciation. Agreed value is decided during the initial insurance quoting process, the aircraft owner requests an insurance quote for his or her Cessna 195 and requests a quote including hull coverage in the amount of $75,000. Once an aviation insurance company provides a quote, they are agreeing with you that your aircraft is worth $75,000.
*Insurance companies may place additional stipulations on quotes to prove the value of your aircraft prior to binding, if your agreed value is higher than bluebook.
Insurance companies may place deductibles on a Cessna 195 insurance policy. Typical deductibles are $1,000 in motion or $0 in motion. In the event of a total loss, if your aircraft was insured for $75,000, you would get a straight check for $75,000 less any deductibles.
Cessna 195 Insurance Cost Breakdown:
As of February 2020, there are 9 carriers quoting Cessna 195 insurance in the U.S. We consider qualified pilots to have at least a private license, with 750 total hours, 250 tailwheel and 25 hours in the make/model.
For an annual policy with $1,000,000 in liability only coverage.
Premium range for qualified pilots: $1,100-$1,350 per year.
Premium range for less than qualified pilots (low-time/etc): $1,380-$1,540 per year.
For an annual policy with $1,000,000 in liability coverage and 750,000 in hull coverage
Premium range for qualified pilots: $2,400-$3,750 per year.
Premium range for less than qualified pilots (low-time/etc): $2,735-$4,215 per year.
For more information or to get an actual Cessna 195 aircraft insurance quote, please fill out a quote request online here or call us at 800.666.4359
-The BWI Team
