Falcon 900 Insurance Cost

Falcon 900 Insurance Cost

Few business aircraft carry a more recognizable profile than Dassault’s tri-jet family. The unique three engine models may look different than many of their competitors but the same design has led to them offering unmatched performance in both range and runway requirements.

The original Falcon 50 had first flown in the mid-1970s and entered service in 1979. It had been a successful model for Dassault – taking the same comfortable fuselage from the earlier Falcon 20 but adding the third engine and considerably more fuel capacity to make it a true transcontinental airplane. Five years later, market desires for an even larger and more capable design would lead to what became the Falcon 900.

In 1983 Dassault began construction of a prototype based heavily on the earlier 50. The advanced supercritical wings and their internal fuel tanks were taken directly from the 50 while the tail was similarly borrowed with only minor changes. The overwhelming difference was in fuselage size, with the 50’s “super-midsize” cabin being replaced with a longer, wider, and taller space allowing three abreast seating with luxury seats as well as the addition of tables, couches, and even fold out beds. A large aft private lavatory and in-flight accessible baggage helped improve passenger comfort even beyond the high standards the 50 had offered. The Garrett engines in the 50 were replaced with larger versions to ensure the short runway performance and high 500+ knot cruising speed remained.

Deliveries of the original Falcon 900 began following certification in 1986. The new model immediately proved popular with flight departments and individuals and the large number of commonalities with the 50 (including an almost identical cockpit) allowed for a common pilot “type rating” in numerous countries, allowing a pilot to fly both models.

The Falcon 900B and 900C would follow in 1991 featuring primarily improvements in cockpit avionics and cabin equipment. In 1996 the new 900EX would debut as a longer range variant with higher thrust engines and a bump in fuel capacity to a whopping 21,000 pounds, nearly the weight of the original Falcon 20, giving 750 nautical miles of additional range. The 900EX and 900B (900C beginning in 2001) would be produced alongside one another for the needs of different customers.

The later install of the Enhanced Avionics System (EASy) including the FalconEye all-weather thermal vision equipment across the Falcon line along with the addition of blended winglets would mark the most significant change to the line, producing the 900LX and 900DX as the long and shorter ranged versions. Finally, the DX would be rebranded as the LXS, and both the 900LX and 900LXS (as well as the twin-engine derivative Falcon 2000) remain in production.

Falcon 900 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.

Falcon 900 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.

Falcon 900 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 Falcon 900’s in amounts between $1,000,000 and $10,000,000 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 Falcon 900 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 Falcon 900 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 Falcon 900 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 Falcon 900 and requests a quote including hull coverage in the amount of say $10,000,000. Once an aviation insurance company provides a quote, they are agreeing with you that your aircraft is worth $10,000,000.
*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 $10,000,000, you would get a straight check for $10,000,000.

Falcon 900 Insurance Cost Breakdown:

As of January 2021, there are 8 carriers quoting Falcon 900 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: $1,450-$1,800 per year.

For an annual policy with $1,000,000 in liability coverage and $10,000,000 in hull coverage
 Premium range for qualified pilots: $31,800-$42,600 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 Falcon 900 owners and operators obtain the very best insurance coverage.

BWI offers comprehensive Falcon 900 insurance policies for personal, business, charter, industrial aid, and commercial aviation uses.

For more information or to get an actual Falcon 900 insurance quote, please fill out a quote request online here or call us at 800.666.4359