1. How much will seaplane insurance cost?
Cost will depend on the coverage desired, your experience (particularly in seaplanes or amphibians), the configuration of the insured airplane (straight or amphibious & number of seats), length of the flying season and countless other variables. You should expect insurance premiums to be considerably higher than those for a comparable land plane, particularly as a new seaplane pilot, due to the risks inherent in seaplane flying. Just remember that the same reason seaplanes are less than attractive to insurers - access to remote, uncontrolled areas- is the same reason flying seaplanes is so worthwhile!
For a personalized quote contact Falcon Insurance Agency, SPA's endorsed insurance agency.
2. Why is seaplane insurance so expensive?
Insurance for seaplanes is expensive for two primary reasons: risk and insured population.
Risk is considerably higher in seaplanes, a fact borne out in the loss history, due to the uncontrolled nature of the seaplane environment in more remote locations. Risks are amplified by environmental conditions such as debris, obstacles, vulnerability to high winds, hail and other weather hazards that land aircraft are less susceptible to due to a greater chance of more developed support facilities. Further, otherwise minor losses (the water equivalent of a ground loop for example) usually result in a total loss with limited salvage potential.
The insured population also contributes ti high premiums. In a small insured population, premiums must be sufficient to ensure that a major loss will not bankrupt the program. In larger populations, that small but very real risk can be spread over a larger group.
3. Where can I keep my seaplane?
A seaplane can be kept at a certified seaplane base with permission, or at an airport if the seaplane is equipped with amphibious floats. If you want to keep your seaplane "off airport", however, you will need to explore the issue with your state aeronautics office, local government and the owner of the waterway.
Some specific problems include mooring restrictions imposed by the US Army Corps of Engineers, seaplane base licensing
requirements imposed by state governments and zoning regulations imposed by local jurisdictions.