Cessna Citationjet Overview:
The Cessna CitationJet is a production line of light business jets and part of the broader Citation series out of Cessna. Launched in 1989, it was awarded FAA certification in 1992 and has been a regular staple in the skies above the world ever since. The basic CitationJet has seen various upgrades and updates over the years to include the CJ1/M2 variants as well as the CJ2/Cj2+, Cj3/Cj3+ and finally the CJ4. As of 2017, over 2,000 of the various variants have been delivered around the world.
The Model 525 which was marketed as the Cessna Citation M2, powered by FJ44-1AP-21 turbofans. The Citation M2 is one of the more common jets of the series due to its performance and upgrades. The model became the entry-level jet for Cessna after it ceased production of the Citation Mustang in 2017. As of June 2020, over 250 M2s were delivered for use.
There have been a total of 29 hull-loss incidents for the CitationJet that produced a combined total of 43 fatalities. Among those, the worst fatal incidents include:
- December 9, 1999 – A Cessna 525 CitationJet experienced a fatal crash near Branson, Mo, where the pilot descended below the minimum altitude and impacted the side of a wooded hill resulting in six fatalities.
- December 29, 2016 – A Cessna 525C Citation CJ4 crashed into a lake near Cleveland, Ohio after the pilot experienced spatial disorientation during night flying conditions leading to pilot error and the loss of 6 lives.
Cessna Citationjet Insurance Cost:
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 aviation industry as a whole.
Cessna Citationjet insurance, like all aviation 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 Citationjet aviation liability insurance covers damage caused by the aircraft, outside of the aircraft, specifically property damage, bodily injury, and provides for legal defense in the event that the aircraft owner or policyholder is sued.
Aircraft liability insurance is typically offered for Cessna Citationjet’s in amounts between $1,000,000 and $25,000,000 per occurrence (per incident) and includes coverage for passengers, but typically limits that amount to between $100,000 and $1,000,000 per passenger. Passenger liability coverage is included within the total liability coverage amount.
A real-world example of how this aviation liability coverage would protect you: If, as a result of operating your Cessna Citationjet you damaged property or caused bodily injury outside of the aircraft, you would have the full amount of total liability coverage to pay for damages that occurred, less the liability amount paid for passengers inside the aircraft. If the aircraft crashed and you had passengers inside the aircraft that were injured, your insurance policy would pay up to the policy passenger limit for each passenger.
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: Higher liability coverage on the Cessna Citationjet is available to qualified pilots with experience in the make and model and a minimum Commercial/MEL/IFR license/ratings.
The second coverage on a Cessna Citationjet 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 Citationjet and requests a quote including hull coverage in the amount of say $1,250,000. Once an aviation insurance company provides a quote, they are agreeing with you that your aircraft is worth $1,250,000.
*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.
Most aviation insurance companies do not offer deductibles higher than $0 deductibles, which means in the event of a total loss, if your aircraft was insured for $1,250,000, you would get a straight check for $1,250,000.
Cessna Citationjet Insurance Cost Breakdown:
As of January 2021, there are 8 carriers quoting Cessna Citationjet insurance in the U.S. We consider qualified pilots to have at least a Commercial License and IFR/MEL ratings, with 3,000 total hours, 1,000 MEL hours and 50 hours in the make/model.
For an annual policy with $1,000,000 in liability only coverage.
Premium range for qualified pilots: $1,250-$1,600 per year.
For an annual policy with $1,000,000 in liability coverage and $1,250,000 in hull coverage
Premium range for qualified pilots: $6,800-$9,600 per year.
BWI is a family-owned, nationwide insurance brokerage specializing in aviation insurance since 1977. Our dedicated Aviation Insurance Professionals are highly trained, hand-picked and experienced in helping Cessna Citationjet owners and operators obtain the very best insurance coverage.
BWI offers comprehensive Cessna Citationjet insurance policies for personal, business, charter, industrial aid, and commercial aviation uses.
For more information or to get an actual Cessna Citationjet insurance quote, please fill out a quote request online here or call us at 800.666.4359
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*Always consult your insurance policy for exact coverage specifications, exclusions and details.