Piper M500 insurance guide

Piper M500 Overview:

Piper introduced the M500 in January 2015 as an evolution of its single-engine turboprop offering. See Piper’s M500 introduction announcement.

The current Piper M500 specification lists a Pratt & Whitney PT6A-42A engine rated at 500 shaft horsepower. Performance and equipment must be checked for the particular aircraft rather than applied to every PA-46 variant.

Piper announced G1000 NXi certification for the M500 in 2018. Avionics and safety-assistance features depend on the aircraft and installation. Stability protection and Level Mode assist the pilot; they do not guarantee safe flight following disorientation or incapacitation. Use the aircraft’s approved manuals and appropriate training.

For range and flight planning, use the aircraft’s approved performance information for its loading, configuration and conditions. For accident research, use NTSB data with a defined scope; a family-wide raw total is not a model-specific safety rate.

Piper M500 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.

Discuss liability limits, passenger sublimits, defense provisions, insured value and physical-damage options with BWI. Availability and terms depend on the insurer’s quote and the issued policy.

Coverage for an accident, a hangar-related liability or a total loss is not automatic. Limits, exclusions, deductibles, aircraft-use provisions and pilot conditions must be reviewed. A quote is not confirmation that coverage is bound.

BWI hosts a historical Global Aerospace specimen policy showing how declarations and conditions define coverage. It is an example, not a current M500 policy or an offer. Ask us to explain the documents proposed for your aircraft.

Piper M500 Insurance Cost Breakdown:

Request a current M500 quote using the aircraft’s registration, year, equipment, requested insured value, planned use and pilot details. Include recent training, time in type, current coverage and the preferred effective date.

The available insurers, training requirements, limits, deductibles and premium need to be confirmed for your submission. Review the proposed terms with BWI before making coverage decisions.

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 Piper M500 owners and operators obtain the very best insurance coverage.

Tell BWI how you intend to use your M500 so we can discuss the insurance submission and proposed terms for that operation.

For more information or to get an actual Piper M500 insurance quote, please fill out a quote request online here or call us at 800.666.4359