Ted Huffmire writes:
Luckily the FAA doesn't require pilots to carry insurance, unlike
motor vehicles. Who wants to pay $10K for a $100K per seat
policy--insufficient to cover lost wages, medical bills, legal
bills, and pain and suffering associated with an accident.
Transport Canada does require Canadian pilots to carry liability
insurance, and fortunately, it's not that expensive. When I bought my
Warrior last December, I was an 85-hour pilot with no ratings, and my
total cost for CAD 1,000,000 combined liability (USD 720,000) is only
CAD 515/year (USD 370) -- it's hull insurance that costs all the
money.
I'd be surprised if liability insurance is any more expensive down in
the U.S.
All the best,
David
--
David Megginson,
, http://www.megginson.com/