I'm looking at a plane with a buddy. He is a professional pilot (military/commercial) with 10000+ hours. I'm at about 50h. I assume the insurance companies base the principal on the lowest time guy. Is that correct?
Insurance with partners.
- Thread starter teethdoc
- Start date
alfadog
Final Approach
Well, the good thing is, that factor is entirely under your control to address for a lower future premium.
John221us
En-Route
Some of it depends on the plane. I bought a Cherokee when I only had 10 hours and my rates were never really that bad. Now, if you are buying a complex, HP, retract it will be a different story.
ChrisK
En-Route
One group I know of locally here prorated the difference in insurance a bit, so that if they took on someone with low time, that person paid more of the insurance. I'm pretty sure they worked with the agent to come up with a fair number for the partners involved.