If limited your club/coownership/corp to 5 members or less, and each member
is listed as a named insured, then the insurance is about the same as
private ownership, and based on the lowest time owner.
The sixth owner caused the 3X increase.
Mitch - at least that's what they told me about 2 years ago...
"Ron Natalie" wrote in message
. ..
"Andrew Gideon" wrote in message
online.com...
R. Hubbell wrote:
Start a club, make this the first plane. Get a 172 as soon as you can
to
attract new pilots (and new members). The plane can be flown a little
cheaper in a club then on lease-back with an FBO.
Wouldn't this involve far higher insurance costs than private ownership
or
even a partnership? How it would compare to something on lease-back,
I've
no idea.
Once you have a policy that lets random people fly the plane the insurance
is
going to triple over owner-flown aircraft. It depends how this shared
across
all the club members and the other savings as to whether it is going to
save money.
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