Overview
OverviewPilatus insurance cost ranges between $1,500-$1,700 for 1 Mil Combined Single Limit Liability Only Coverage and $13,500-$18,250 including $3,000,000 in hull coverage.
6 aviation insurance companies will offer quotes on Pilatus aircraft as of December 2019.
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.
Pilatus 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.
Pilatus 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 Pilatus Aircraft, at $1,000,000-$3,000,000 per occurrence (per incident) and has no passenger sublimit.
A real-world example of how this aviation liability coverage would protect you: If while flying your Pilatus 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 an accident occurred and you had passengers inside the aircraft that were injured, your insurance policy would pay up to $1,000,000 total for the loss/damages, including passengers. Depending on how many passengers are in the aircraft at the time of loss, the remaining amount of liability coverage would be available for damage outside of the aircraft.
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’s actually coverage built into your standards airplane insurance policy.
Other liability options: Liability limits higher than $1,000,000 (Combined Single Limit) may be available but lower limits typically aren’t offered.
The second coverage in a Pilatus 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 Pilatus and requests a quote including hull coverage in the amount of $3,000,000. Once an aviation insurance company provides a quote, they are agreeing with you that your aircraft is worth $3,000,000.
*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 $3,000,000, you would get a straight check from the insurance company for $3,000,000.
Pilatus Insurance Cost Breakdown:
As of November 2019, there are 6 carriers quoting Pilatus insurance in the U.S. We consider qualified pilots to have at least a Commercial license, instrument rating, with 3,000 total hours, 2,000 Multi-Engine Hours, 1,000 Turboprop, 250 hours in the make/model and have successfully completed Ground and Flight Training.
For an annual policy with $1,000,000 in liability only coverage.
Premium range for qualified pilots: $2,200-$3,430 per year.
Premium range for less than qualified pilots (transition pilots): $3,200-$4,300 per year.
For an annual policy with $1,000,000 in liability coverage and $3,000,000 in hull coverage
Premium range for qualified pilots: $13,450-$17,300 per year
Premium range for less than qualified pilots (transition pilots) $32,000-$41,000 per year.
For more information or to get an actual Pilatus insurance quote, please fill out a quote request online or call us at 800.666.4359
-The BWI Team
