Cessna 195 insurance cost guide

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 Businessliner’s roomy cabin and radial-engine character distinguish it from more recent light aircraft. For insurance, describe the aircraft’s condition, modifications, intended use and the pilots’ tailwheel experience.

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 commonly includes liability coverage and optional aircraft physical damage coverage. Your quote and policy specify the coverages, limits and exclusions that apply.

Aircraft liability insurance addresses covered claims for bodily injury or property damage for which an insured is legally liable. Defense provisions and passenger limits are set out in the policy.

For example, a passenger sublimit can cap payment for one passenger’s covered bodily-injury claim within the total liability limit. It does not create a separate amount of insurance for every type of loss.

Some aircraft policies include premises liability coverage. Ask BWI to check the coverage against your hangar lease or airport agreement.

Other liability options: Ask BWI about available limits and passenger sublimits for your operation. Insurers assess pilot qualifications and the proposed use when considering higher limits.

Aircraft physical damage, often called hull coverage, protects the insured aircraft against covered loss or damage. Discuss an appropriate agreed value with BWI and confirm any valuation requirements before binding coverage.

Deductibles and settlement terms vary by policy. Review the proposed terms so you understand how a covered partial or total loss would be handled.

Cessna 195 Insurance Cost Breakdown:

Historical premium examples, February 2020. The figures below appeared in BWI’s February 2020 article and are retained for reference. They are not current quotes. The experience labels describe those historical examples, not today’s underwriting requirements. Request a current quote for your aircraft, pilots and operation.

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.

Historical annual premium examples for combined liability and 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