It's me again, the new wide-eyed, 51 year old kid who wants to fly. I've been waiting on an insurance quote for a 1968 midtime Cessna 150. The C150 is my backup plan to the KR. I just got a quote for a premium of $3100. After I get my private license, then it ONLY costs an additional $900! Oh, the good part is: after I get my private license, the premium does not go down and is not adjusted.
If this is the rate for a type certificated C150, what is it going to cost for an experimental aircraft such as a KR? Can you obtain insurance for an experimental airplane such as a KR? Since I'm going to finance this myself from my life's savings, can I just buy liability instead of the full "hull" insurance. I guess I'm thinking similar to auto insurance. I know that flying is not an inexpensive past time, but I keep hearing about the movement to get the average joe into the world of flight. What is the industry talking about? Do they mean the pedal planes that we all wanted to have when we were youngsters? I know you are all laughing your pants off! That's okay. I'm going to laugh too, just as soon as they disconnect me from the heart monitor and breathing device. I'm sorry for the whine, I just thought my local insurance company would break the news to me gently. The funny part is, the broker seemed to think that I was getting the bargain of the year. Let's all laugh heartily, I am too. Merry Christmas, Thomas Brock
