Embraer Phenom 100 Insurance Cost guide

Phenom 100 Overview:

The Phenom 100 is a light jet manufactured out of Brazil by Embraer that has been in service since December of 2008 through the present. As of 2018, over 350 Phenom 100s were in service in over 37 countries around the world. It has the capacity for four passengers in its standard configuration but can be modified to hold seven passengers with a single pilot.

The aircraft is powered by two rear-mounted Pratt & Whitney Canada PW617-F turbofan engines. The Phenom 100 is primarily operated by private individuals, companies, and charter operators. However, variants are used by the militaries of Brazil and Pakistan with the primary purpose of transporting VIPs.

General characteristics of the Phenom 100 include the following:

• Crew: 1 pilot
• Capacity: 5-7 passengers depending on configuration
• Wingspan: 40 ft 4 in
• Empty Weight: 7,220 lb
• Fuel Capacity: 2,804
• Maximum speed: Mach 0.7
• Cruise Speed 470 mph
• Range: 1,178 nmi
• Service Ceiling: 41,001 ft

Embraer Phenom 100 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.

Embraer Phenom 100 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.

Embraer Phenom 100 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 Embraer Phenom 100’s in amounts between $1,000,000 and $3,000,000 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 Embraer Phenom 100 and 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 Embraer Phenom 100 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 Embraer Phenom 100 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 Embraer Phenom 100 and requests a quote including hull coverage in the amount of say $4,500,000. Once an aviation insurance company provides a quote, they are agreeing with you that your aircraft is worth $4,500,000.
*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 $4,500,000, you would get a straight check for $4,500,000.

Embraer Phenom 100 Insurance Cost Breakdown:

As of January 2021, there are 6 carriers quoting Embraer Phenom 100 insurance in the U.S. We consider qualified pilots to have at least a commercial license, 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: $1,500-$1,750 per year.
 Premium range for less than qualified pilots (low-time/etc): $1,800-$2,400 per year.

For an annual policy with $1,000,000 in liability coverage and $4,500,000 in hull coverage
 Premium range for qualified pilots: $18,000-$22,700 per year.
 Premium range for less than qualified pilots (low-time/etc): $38,000-$46,500 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 Embraer Phenom 100 owners and operators obtain the very best insurance coverage.

BWI offers comprehensive Embraer Phenom 100 insurance policies for personal, business, charter, industrial aid, and commercial aviation uses.

For more information or to get an actual Embraer Phenom 100 insurance quote, please fill out a quote request online here or call us at 800.666.4359