Sling Aircraft Insurance Cost

Overview:

Sling Aircraft is a South Africa aircraft manufacturer that specializes in light aircraft in the form of kits that amateurs can construct and are ready to fly. The company’s debut was in 2008 with the Sling 2 Aircraft which was a two-seat aircraft with a max range of 750 nmi and cruise speeds of around 140 mph. In 2009, a modified Sling 2 circumnavigated the over 40 days which greatly enhanced consumer confidence in the do-it-yourself builds.

A 4-seater version was subsequently produced that boasted the extra seats as well as increased cruise speeds up to 150 mph. In 2014, a Sling 4 made the voyage from South Africa to Wisconsin during a 14-hour flight that utilized Sling 4’s 20 hours of fuel endurance.

General characteristics of the Sling 2 version include the following:

• Crew: 1 pilot
• Capacity: 1 passenger
• Wingspan: 30.09 ft
• Empty Weight: 816 lb
• Fuel Capacity: Two tanks with 19.3 U.S. gallons
• Cruise speed: 140 mph
• Stall speed: 46 mph

Sling Aircraft 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.

Sling Aircraft 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.

Sling Aircraft 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 Sling Aircraft’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 Sling Aircraft 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 Sling Aircraft 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 Sling Aircraft 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 Sling Aircraft and requests a quote including hull coverage in the amount of say $250,000. Once an aviation insurance company provides a quote, they are agreeing with you that your aircraft is worth $250,000.
*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 $250,000, you would get a straight check for $250,000.

Sling Aircraft Insurance Cost Breakdown:

As of January 2021, there are 7 carriers quoting Sling Aircraft insurance in the U.S. We consider qualified pilots to have at least a Private License with 500 total hours, 100 tailwheel hours and 25 hours in the make/model.

For an annual policy with $1,000,000 in liability only coverage.
 Premium range for qualified pilots: $550-$650 per year.
 Premium range for less than qualified pilots (low-time/etc): $675-950 per year.

For an annual policy with $1,000,000 in liability coverage and $250,000 in hull coverage
 Premium range for qualified pilots: $4,900-$6,400 per year.
 Premium range for less than qualified pilots (low-time/etc): $4,670-$6,300 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 Sling Aircraft owners and operators obtain the very best insurance coverage.

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

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