Quest Kodiak Insurance Cost

Quest Kodiak Overview:

The Quest Kodiak is a beloved utility aircraft prized for its ability to conduct short takeoff and landing (STOL) operations with precision. This aircraft is a high-wing, unpressurized, single-engined turboprop that has a fixed tricycle landing gear that makes it suitable for such operations.

It’s maiden flight took place in 2004 and has been certified to fly since 2007. As of 2018, over 250 were delivered and Quest was subsequently purchased by Daher in 2019. Variants include the base model Kodiak 100, Kodiak 100 Series II, and the Air Claw. The Kodiak has the capacity for 1 pilot and 9 passengers. It has a cruise speed of 211 mph and a stall speed of 69 mph with a range of 1,132 nmi.

Quest Kodiak 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.

Quest Kodiak 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.

Quest Kodiak 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 Quest Kodiak 100’s at $1,000,000 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 Quest Kodiak 100 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 Quest Kodiak 100 may be available to qualified pilots with experience in the make and model and a minimum Private License/IFR rating.

The second coverage on a Quest Kodiak 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 Quest Kodiak 100 and requests a quote including hull coverage in the amount of say $1,600,000. Once an aviation insurance company provides a quote, they are agreeing with you that your aircraft is worth $1,600,000.
*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 $1,600,000, you would get a straight check for $1,600,000.

Quest Kodiak 100 Insurance Cost Breakdown:

As of January 2021, there are 7 carriers quoting Quest Kodiak 100 insurance in the U.S. We consider qualified pilots to have at least a Private License and IFR Rating, with 1,000 total hours, 500 Turbo and RG hours, 100 hours in make and model and ground and flight training within 24 months of the flight.

For an annual policy with $1,000,000 in liability only coverage.
 Premium range for qualified pilots: $750-$900 per year.
 Premium range for less than qualified pilots (low-time/etc): $975-$1,250 per year.

For an annual policy with $1,000,000 in liability coverage and $1,600,000 in hull coverage
 Premium range for qualified pilots: $12,500-$17,100 per year.
 Premium range for less than qualified pilots (low-time/etc): $23,000-36,000 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 Quest Kodiak 100 owners and operators obtain the very best insurance coverage.

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

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