Insurance for Gyros

DonBishop

Member
Joined
Feb 20, 2020
Messages
43
Location
Grizzly Flats
Aircraft
Mooney M20J
Total Flight Time
1200 hours
I tried a search and got ... well, pretty much everything but what I was looking for.

Where in the name of Zeus' a-hole are you finding insurance for your gyrocopters? My broker hadn't even heard of a gyrocopter and hasn't had any luck finding an underwriter who will take on the "risk." '

Thanks!
 

DonBishop

Member
Joined
Feb 20, 2020
Messages
43
Location
Grizzly Flats
Aircraft
Mooney M20J
Total Flight Time
1200 hours
Thanks. Just sent them an email. Bourbon? Check. Chair? Check. Email? Open slowly.
 

WaspAir

Supreme Allied Gyro CFI
Joined
Oct 21, 2006
Messages
5,064
Location
Colorado front range
Aircraft
Bell 47G-3B-1 / A&S 18A / Phoebus C, etc.
Total Flight Time
stopped caring at 1000
Some here go through Falcon. Nobody gets off cheaply.
 

Steve_UK

Active Member
Joined
Oct 15, 2010
Messages
3,744
Location
UK
Aircraft
I'm not a pilot but have been lucky enough to fly in Mi-24 Hind, Mi-2, Mi-17, Lynx HAS3, Gliders, GA
Any update on the PRA insurance initiative
 

DonBishop

Member
Joined
Feb 20, 2020
Messages
43
Location
Grizzly Flats
Aircraft
Mooney M20J
Total Flight Time
1200 hours
Does $7500 a year sound reasonable? It doesn't to me. But, that's the first quote that came in.
 

WaspAir

Supreme Allied Gyro CFI
Joined
Oct 21, 2006
Messages
5,064
Location
Colorado front range
Aircraft
Bell 47G-3B-1 / A&S 18A / Phoebus C, etc.
Total Flight Time
stopped caring at 1000
I have seen numbers roughly 8% of hull value, and that's with a commercial rating, lots of pilot hours, and many years of claim-free continuous coverage.

P.S. and Standard Airworthiness
 
Last edited:

Resasi

Gold Supporter
Joined
Jul 2, 2007
Messages
8,256
Location
London/ Kilifi Kenya
Aircraft
Gyrs, RAF 2000/Mgni/Bnsn/Hrnet/Mrlin/Crckt/MT-03/Lyzlle AV18-A/Prdtor. Pax ArrowCopter
Total Flight Time
100+ gyro, 16,000+ other
Any update on John Roundtree? Did the PRA convention convene this year?????
Seems there was a disappointing turnout at Mentone with low attendance not helped by weather.
 

rcflier

Junior Member
Joined
May 24, 2007
Messages
413
Location
Nexø (Denmark)
Aircraft
Auto-Gyro MTO Sport 914
Total Flight Time
30+
Well, I paid "only" US$ 4300 - but I had valued my used gyro for just € 35000.

About 10% of the insured value... Some of it because of my schooling.

As it's the open MTO, I'll leave it in the hangar for at least 3 winter months and I've heard
I have to pay for one of those. So, a small rebate after all.

But the fixed wing guys pay A LOT less...
 

MTO Flyer

Newbie
Joined
May 24, 2019
Messages
6
Location
Phoenix
Aircraft
AutoGyro MTO Sport
Total Flight Time
125
Does $7500 a year sound reasonable? It doesn't to me. But, that's the first quote that came in.
When I was a 100 hour light sport Gyro Pilot, the rate for my insurance
was $5,800 for my 2019 AutoGyro MTO.
 

schmoe90

Magni M-16 Sport Pilot
Joined
Feb 8, 2018
Messages
123
Location
Roseville, CA
Aircraft
Magni M-16
Does $7500 a year sound reasonable? It doesn't to me. But, that's the first quote that came in.
$65K M-16, ~350 hours at last renewal was something like $4600. I did think about dropping the hull value, but I'd have to drop it a _lot_ to really help. That was with Starr - I've had QBE before, but they went up a lot in 2019 or 2020.
 

youngden

Newbie
Joined
May 30, 2008
Messages
24
Location
Indianapolis
Aircraft
Magni Gyro M-16
Total Flight Time
135
I tried a search and got ... well, pretty much everything but what I was looking for.

Where in the name of Zeus' a-hole are you finding insurance for your gyrocopters? My broker hadn't even heard of a gyrocopter and hasn't had any luck finding an underwriter who will take on the "risk." '

Thanks!
Lori Spencer, Falcon Insurance out of Texas. [email protected] +1 (800) 880-0801 I've been with her coverage for 10+ years.
 

cessna.682

Newbie
Joined
Aug 7, 2015
Messages
26
Location
Virginia
Aircraft
FW, owned ultralight, now cessna
Total Flight Time
400
I'm open for company suggestions. Laura Scherer with Falcon Insurance just informed me that all her underwriters declined to offer coverage. I've had fixed wing coverage for 20 years and gyro liability for about 3 years, before being dropped by QBE. Never a claim.
 

Rick E

Member
Joined
Feb 21, 2013
Messages
311
Location
Sydney, Australia
Aircraft
Cavalon and an MTO Sport
Total Flight Time
2250+
The difficulty in getting insurance for gyros appears to be the same in the US as here in Oz. Insurance for us has become the main impediment to the progress of our form aviation.
 

schmoe90

Magni M-16 Sport Pilot
Joined
Feb 8, 2018
Messages
123
Location
Roseville, CA
Aircraft
Magni M-16
I'm open for company suggestions. Laura Scherer with Falcon Insurance just informed me that all her underwriters declined to offer coverage. I've had fixed wing coverage for 20 years and gyro liability for about 3 years, before being dropped by QBE. Never a claim.
Try Denise Porter: https://avwestinsurance.com/ - a student pilot in our hangar got insurance through Starr last month.
 

rwr

Just Plane Bob
Joined
Oct 30, 2003
Messages
312
Location
Newnan, GA
Aircraft
2-place Gyro, custom design
Total Flight Time
5,400
I know it is a huge mistake to fly our gyros with no insurance, but,.... realistically,... how many gyro owners/operators/pilots fly without having insurance? Half of us? 1 out of 10 no insurance? 1 out of 10 WITH insurance? What would you guess?
 

All_In

Gold Supporter
Joined
Apr 21, 2008
Messages
15,851
Location
San Diego, CA. USA
Aircraft
Piper Archer, Aviomania G1sb
Total Flight Time
Not sure over 10,000+ logged FW, 260+ ultralights, sailplane, hang-gliders
I know it is a huge mistake to fly our gyros with no insurance, but,.... realistically,... how many gyro owners/operators/pilots fly without having insurance? Half of us? 1 out of 10 no insurance? 1 out of 10 WITH insurance? What would you guess?
When we include lower sale priced historical/classic home built gyroplane that store them at home in trailer or garage and mostly fly in elsewhere areas and small uncontrolled airports.

It is way less than 1 out of 10 Bob.

That group is the largest in the USA.
Those in that group that do have insurance are because they store it at an airport hangar that requires them to carry it in case it catches on fire and burns down all the other aircraft in all the hangers.
99% of that group mostly only want to buy liability insurance and not comprehensive. They take the risk themselves if they damage it.

However, the fastest-growing segment of our community is modern gyroplanes that cost from $50 to $130K that fly it into all airspace and over cities.

That group about 80% want or feel they need to buy full coverage.
 
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