Hull Insurance cost for a Long EZ

[Jerry324]

I was quoted $1,700 for Hull insurance on my Long EZ. This is for $38,00 in Hull insurance only.  Is this in the ball park of what other EZs are being insured for?

[Kent Ashton]

I don't know but my liability is $577 through Falcon Ins.  Do you really need hull?  In 45 years I have never had collision on my cars or hull on my airplanes and not regretted it . . .so far.    :-)  

 

If your liability-only was $700/year, then in 10 years you'd pay around $ 16,000 for the extra hull, factoring in 5% inflation.  You could make a lot of repairs for $16K or put the $16K you saved towards another EZ.

 

I suppose if you are getting a loan for the EZ, you have to have it.

[Jerry324]

Thanks Kent for your reply.

 

My liability insurance quote is close to yours using the same supplier.  My only concern about hull insurance is I live in Indiana where we have some really bad weather (Tornados) and a friend of mine went to Sun n Fun a few years ago and his RV6 was destroyed when another plane flipped on top of his due to bad weather.  This has made me a little nervous about having it un-insured but at this time I think $1,700 a year is excessively expensive.

 

Thanks again for your reply.

Jerry