Insurance

Any DA62 related topics

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Linda
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Insurance

Post by Linda »

Can someone please suggest the insurance company / agent you have your DA62 with? We have over 1000 hours each high performance single engine and we will have over 10 hours each ME at time of purchase.

Linda & Dean
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Gordon
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Re: Insurance

Post by Gordon »

Not sure if this is helpful but I pay USD16,000 for insurance on my 2016 DA62 in Australia. Lots of multi time though.

Hope this gives you a ball park.
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ememic99
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Re: Insurance

Post by ememic99 »

Gordon wrote:
Tue Feb 16, 2021 4:54 am
Not sure if this is helpful but I pay USD16,000 for insurance on my 2016 DA62 in Australia. Lots of multi time though.

Hope this gives you a ball park.
Do you know how much of it is hull insurance?
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Gordon
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Re: Insurance

Post by Gordon »

The hull part is 1.3% of agreed value. Also covers use by a flight school with named instructors always on board.
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ememic99
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Re: Insurance

Post by ememic99 »

Gordon wrote:
Tue Feb 16, 2021 8:49 am
The hull part is 1.3% of agreed value. Also covers use by a flight school with named instructors always on board.
Still cheaper than here - 1.43%
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photoSteveZ
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Re: Insurance

Post by photoSteveZ »

I have about 8000 hrs as PIC in my logbooks, but not much of it is multiengine. My DA62's hull insurance with Travers and Associates is just over 1.23% of agreed hull value, plus about $900 for liability and medical expense coverage.

https://www.traversaviation.com/
Linda
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Re: Insurance

Post by Linda »

It took over 2 weeks to get a quote from our insurance company for around $17,500 and it was through London Aviation Insurance. They kept on replying that the DA62 is a 7 passenger plane and basic med will not apply. We sent them all the documentation that is certified by FAA as 5 or 7 and we only have a need for the 5 passenger version. They still came back that 3rd class medical is required for us. 2 years ago, Linda and I changed to basic med and we want to stay there. Does anyone fly a DA62 under basic med? is it legal to deny? Any ideas?

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chili4way
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Re: Insurance

Post by chili4way »

I'll suggest talking to AOPA Pilot Information Center at 800.872.2672, and perhaps their aircraft insurance partner Assured Partners at 800.622.2672. One can hope that AOPA's leadership in the fight for BasicMed would be reflected in how their underwriter partner provides insurance. Perhaps you've already gone down this path...

I suspect you'll learn that insurance providers are able to set their own insurability requirements and that these do not have to match what the FAA requires to be able to legally pilot an airplane. This is why they can establish a minimum number of hours-in-type to qualify for insurance.

Hopefully, you'll find a policy that supports BasicMed, and further that it's something that's affordable! I'm sure others (like me) are interested in this topic and are rooting for your success.
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Soareyes
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Re: Insurance

Post by Soareyes »

Another data point:

I tried Avemco for insurance on my new DA42. They wouldn't even consider providing a quote, said they don't do hull values over $500K.
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Previous: Hang glider, Paraglider, DA40x3, Cessna 150 Aerobat, SR22
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neema
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Re: Insurance

Post by neema »

FYI: This is on a 42VI, not a 62


Old Republic

700k hull coverage was $5450.

$1m liability/100k per seat was $512.


~700 hours in 42s, 1600 TT, ATP/ME. I'd imagine commercial/ME would be the same
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