View Single Post
  #208  
Old April 21st 05, 05:43 AM
George Patterson
external usenet poster
 
Posts: n/a
Default

Dave Stadt wrote:

If you believe GA is in good shape in France and other parts of the EU go to
the AOPA WEB site and read about the new liability insurance requirements
the EU has placed on GA aircraft. $119 million in liability insurance
required for a 182. Doesn't sound healthy to me.


Read through the actual PDF document. For a private operator, they require a
minimum of 100,000 SDRs/passenger and 1,000 SDRs for luggage. For coverage of
non-passengers, you need 3 million SDRs for a 182. The current exchange rate is
1.51746 dollars to one SDR. While the rate is still crazy, no way can I make it
add up to $119 million. Seems to me that's a policy for $4,552,380 with
sublimits of $151,746 per seat, plus a luggage allowance.

In any case, what's important is the amount of the premium, not the coverage
amount. Liability cases are not settled by juries in Europe, nor are the awards
very high (by American standards). I'd bet the premiums are far lower as well.

Stefan? Wolfgang? Martin? Dylan? What's insurance like over there?

George Patterson
There's plenty of room for all of God's creatures. Right next to the
mashed potatoes.