The Cost Of Airplane Insurance l Certified Vs. Experimental 

Great timing, this is my project for tomorrow! Trying to get a quote for an experimental!

Duuuuude! So great to finally see you! Your voice is super chill!

You know Mike, I was getting ready to interrupt and I thought no, I'm going to listen to the whole thing and you did a really good job on this. I've been around aviation and insurance for many many years and as a general rule I know the ins and outs but you covered everything really well Something I hadn't thought of was build insurance. An example of needed insurance and this is a true story,, everything seems to happen years ago but I guess the older you get that's the way it is but this small experimental was departing from a grass runway and there hadn't been any rain for some time. As the Aviator turned crosswind and then I assume downwind to head to his destination the runway was on fire. Turned out the exhaust stacks as he was going down the runway set little tiny flames going into the grass and many aircraft were destroyed. I'm not sure if they ever located the individual or if he had liability insurance but this would definitely be a case for it.

Thank you Mike. Very helpful information.

Good Info Mike keep going. Bring that Baby on back to GA. Can't wait to see it.

Very informative. Thanks!

For a moment I thought that N432DT was the high wing Sling! Thanks for the video Mike!

Excellent video! I love your channel!

Great information, thanks for sharing!!

Thanks for the video Mike...

Terrific. Thanks for the great advice.

Great information, thank you!

Good topic!! Another factor I've run into is that airports have different required minimal levels of coverage if you base your plane there.

Great clip! Excellent info! Thanks, Mike! Go MojoGrip Go!!:-)

Thank you for that run down!

Great video mike

Highly informative

Thanks for the video

Thanks Mike! Getting close to flying my project, insurance is currently at the front of my mind.

Mike, Can’t wait for that plane to come to Georgia. I’d love to see it in person.

Hey bro love you videos bro my dad was part of EAA my whole child hood all the way up until he passed away in 2005 but he built planes ✈️ him and his friend did to you remind me of him He was always chasing this plane Project or we’re going to some other man hanger to check out this new thing etc .. it was a lot of fun cool Channel bro

Thanx! I just got interested in aviation, always wanted to get a helicopter license. 1st vid I've ran across talking about insurance.

Good topic MG. Someone gave me an insurance company to call and they quoted me $1900. The person that gave me the info has the same type aircraft I'm looking for and is paying about 2k. I though I would be paying about $1200-1500 having a CPL which the person doesn't. I also think where you live and if the plane will be hangared or not will also affect the price for coverage.

I’ve got liability only, through AOPA. I also paid extra to not have a minimum number of flight hours in make and model. It was an extra $10.

More build videos please

This was really good info Mike, thanks. Any idea how much your quote would change if you get your IFR rating?

thanks for sharing the quote. I bet it goes down once you get 100hrs in it

Very informative. Can you suggest an insurance company?

What about instruments, you somehow sold me on a PC-12, a lot of pilot’s are saying “they heard that the ‘Honey Well’ Instruments are not as reliable as the ‘Garmin’.” Which are used on the TBM or the Denali. Your thoughts. You may have covered it, I’m looking.

FYI - FULLY insured including 2M liability.... my last two planes were; an older 172, valued at 40K, insurance cost was typically 700 per year. Sold that and bought a nice older C182, value 80K, insurance is now 1500 per year. I have ~1000 hours and licensed for ~30 years. Like you said, the single biggest factor is HULL VALUE. Between your quote and my two real world examples, it's not hard to estimate cost per hull value... somewhere around $ 18.00 per thousand dollars of hull value. (hull value in thousands of dollars X $ 18 = annual insurance costs) roughly. Fairly accurate way to estimate what insurance SHOULD cost...

Hi Mike. Do you know of anyone in Europe that has built a Sling tsi that can share info about the building and operating costs ? I can't seem to find any info online related to operating one the EU.

Someone should tell RU-vid that we tend to watch and appreciate ads if they are related to the youtube video topic and are at the end of the video. I wonder what benifit it is to anyone to pester with annoying ads of unrelated stuff we will never buy. All that does is reduce the quality of youtube. Thanks. This video is a good example of how it is well done... in all regards.

Many, if not most, airports require insurance if you are going to base the aircraft there. You can be denied parking if you don't have insurance --- and usually have to list the primary FBO (the one you pay the parking fees to) as a beneficiary on the policy. //Heads Up//

Great video. I was wondering, if I'm a low time pilot and split insurance with a commercial, CFI pilot. do you think the rates overall would be lower?

We are paying ~$1,800 (4 partners) on a hull value of $65k for our Grumman Tiger. Rates have steadily gone up from ~$1,200 to $1,800 within 5 years of our ownership. Natural disasters and aircraft accidents were to blame, I was told.

I would think Liability insurance would be a minimum of what a pilto should have.

First like and comment! Love your videos mike!!

Do you have experience dealing with airplane insurance claims? I've heard a couple of horror stories in my club with the insurance companies evading their agreement to pay out.

She looks right , less and less hands as you go forward . Congratulations 🚁

Great video Mike. Very informative. Which brings me to my questions. I work at a major aerospace company and I get to see the detail parts, assemblies and structures that go into making a modern jet airplane. The majority of parts arrive with primer, are installed, sealed and painted prior to corrosion inhibiting compound application. I noticed that the sheet metal parts you are assembling do not have a base primer coating. Are you going to do a primer application following a certain stage of build? Is sealant application done and at what point in the build? Is final paint and corrosion inhibiting compound used at all in the build of your aircraft on the interior side? Is there a pressure test performed to find areas where leaks may occur? I look forward to seeing more videos of your build. I find it interesting and educational seeing how other type of aircraft are assembled. Continued success and enjoy your build.

I cant believe you can fly an aircraft over anyones property without liability insurance. If that's true theres probably a unicorn hiding in your chimney.

Very informative, thanks!