• Skip to main content
  • Skip to primary sidebar
  • Home
  • Contact

Golf Hotel Whiskey

Golf Hotel Whiskey: for pilots and aviation enthusiasts

What is the insurable value of my aircraft?

Insuring your aircraft is an important topic that rarely seems to come up on aviation blogs. And yet, finding an appropriate value is important as to high of a value will increase your premiums while to low of a value will leave you exposed to not getting the full value of your aircraft in the event there is a total lost.

However and as pointed out in a recent column posted on GlobalAir.com by Darryl Abbey, the senior vice president of Salem Five Aviation Services, determining the correct value of your aircraft is not to difficult. Nevertheless, it will take some time along with some research and analysis to make the right decision.

Darryl begins by noting that the Aircraft Blue Book and Vref are two very useful sources for helping to determine an aircraft’s initial value and from there its a matter of determining the value of various variables for your aircraft along with finding out what the current market is like for your aircraft. Coming up with an accurate value is also important because reputable insurance companies will not want to overvalue an aircraft nor with they want to undervalue one by more than 10% to 20% below the average value of similar aircraft.

Thus and if you are facing an insurance renewal in the near future, Darryl’s column is well worth reading.

Reader Interactions

Trackbacks

  1. What is the insurable value of my aircraft? says:
    December 12, 2009 at 12:03

    […] post: What is the insurable value of my aircraft?

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Matthew Stibbe
Matthew Stibbe is CEO of Articulate Marketing and Turbine, the easy, online way to deal with office paperwork. He has an FAA CPL/IR and an EASA PPL/IR and sometimes flies a Cirrus SR-22. He also writes about wine at Vincarta and being a better manager at Geek Boss.
Bureaucracy must die eBook
Subscribe via RSS

Recent Posts

  • IATA Airport Abbreviations
  • Upcoming Concorde and Apollo documentaries
  • Lie Back And Think Of England: London To Austin On BA’s New 787 Dreamliner
  • Video: Parachuting from the edge of space
  • Hilarious preflight safety video for GA aircraft
  • San Francisco Airport at night – beautiful time lapse video
  • A practical jetpack (finally) takes off
  • A man in a hot air balloon realises he is lost
  • Pegasus House: The former HQ of the Bristol Aeroplane Company is restored
  • Vintage British aviation posters from the 1920-1930s

Copyright © 2023 Golf Hotel Whiskey. All rights reserved.