insurance for a p337

[n86121]

When in my 20's (1980's) I bought an Enstrom helicopter....to impress girls.
And yeah, it was a lot of fun.

I had the requisite 40 hours or so in a Robinson R22 to get the rating,
then went shopping for a (used) Enstrom.

I would not say 'more affordable' in this discussion.

I had no loan, but if you wanted just liability, vs at least $50k hull,
the premium was about the same.
So you might as well get the $50k hull for about the same money.

By the way, that was with a $7,500 deductible.
I remember calculating I could hover it backward into a tree once a year
and come out about the same.

The 1st year premium was around $3.6k
Then $5.9k
Then around $8.5k
Then when it hit $11.9k a year (remember, 1980's dollars), I stopped playing.

Remembe, $7.5k deductible, $50k hull coverage.....1980s

At that tiime,
all piston helicopter insurance fell into the same risk pool at Lloyds as launchpad insurance,
The last year a $300m satellite blew up on the pad,
and that particular Lloyds syndicate made the paid out,

....so my piston helicoptrt insurance rate went to $12k

Now in 2023 dollars that would be.....

With two exotic cars, I would tell people,
"Perhaps a cocaine addiction would be a more cost-effective hobby?"

That all said,
I've now got about 2k hours in my turbo non-pressurized RSTOL 337,
no accidents since 1989, $150k hull @ around $3.4k/year.

[Frank Benvin]

Dad and I have had 5 337's between us over 46yrs 3 -67 337 72 337 and 73P337 Self insure never bought hull insurance We had one incident that cost us 2200 which we could have claimed if we had insurance Took the money we would have paid on hull and invested it in our own hull insurance fund We now have a nice nest egg put aside.

[YankeeClipper]

Originally Posted by Frank Benvin

Dad and I have had 5 337's between us over 46yrs 3 -67 337 72 337 and 73P337 Self insure never bought hull insurance WA had one incident that cost us 2200 which we could have claimed if we had insurance Took the money we would have paid on hull and invested it in our own hull insurance fund We now have a nice nest egg put aside.

I would do this...I really would... if it weren't for an increasingly irascible mother nature.