Overview
The Stinson 108 is a four-seat, single-engine, high-wing, tailwheel aircraft built for off-airport bush flying and other general aviation use. The Stinson 108 was produced by Stinson Aircraft Company from 1946-1950 and over 5,200 Stinson’s were built.
The Stinson 108 cruises at 121 mph, has a range of 500 miles and can be equipped with wheels, skiis or floats, giving it a huge variety of utility uses.
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.
Stinson 108 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.
Stinson 108 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 108’s, at $1,000,000 per occurrence (per incident) and includes coverage for passengers but limits that amount to $100,000 per passenger, which is included within the total liability of $1,000,000.
A real-world example of how this aviation liability coverage would protect you: If while flying your Aeronca Champ 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 $100,000 for each passenger. The Aeronca Champ typically holds 3 passengers, so up to $300,000 of your total $1,000,000 insurance policy could be used to pay for passenger liabilities, leaving you with $700,000 for other damage outside of the aircraft or legal defense.
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, its actually coverage built into your standards airplane insurance policy.
Other liability options: Some companies may offer lower liability at $500,000 but the cost savings typically doesn’t make this a viable choice. Higher liability coverage on the Stinson 108 is typically not available.
The second coverage of a Stinson 108 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 Champ and requests a quote including hull coverage in the amount of $25,000. Once an aviation insurance company provides a quote, they are agreeing with you that your aircraft is worth $25,000.
*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 $25,000, you would get a straight check from the insurance company for $25,000.
Stinson 108 Insurance Cost Breakdown:
As of February, 2020, there are 7 carriers quoting Stinson 108 insurance in the U.S. We consider qualified pilots to have at least a private license, with 500 total hours, 100 tailwheel hours and at least 10 hours in the make/model.
For an annual policy with $1,000,000 in liability only coverage.
Premium range for qualified pilots: $500-$650 per year.
Premium range for less than qualified pilots (less than 10 make/model): $635-$740 per year.
For an annual policy with $1,000,000 in liability coverage and $30,000 in hull coverage
Premium range for qualified pilots: $850-$1,100 per year
Premium range for less than qualified pilots (non-IFR and less than 25 make/model) $1,231-$1,580 per year.
For more information or to get an actual Stinson 108 insurance quote, please fill out a quote request online or call us at 800.666.4359
-The BWI Team
