Insurance for Amateurs

If the individual sportsman flyer were to insure himself for $5,000, his ship for $3,000 (against fire, theft, etc.). and take average coverage for public liability, passenger liability and property damage, his yearly premiums would total upward of $460. Were he to add crash insurance the figure would soar to $910-considerably more than a whole year's depreciation of his plane. Also, he would be hampered by numerous flight restrictions. Not long ago rates were even higher. Prime reason was lack of data on amateurs' accidents, forcing the conclusion that all private flyers were bad risks. Last fortnight the U. S. Amateur Air Pilot's Association announced a plan by which its 450 members might get insurance against everything but crash about 30% cheaper, free of most of the distasteful restrictions. Crash insurance was not included in the reduced schedule because it is still too costly for most plane owners.

Engineered by Aviation Protection Inc., brokers, and Barber & Baldwin Inc., pioneer aviation underwriters, the new plan was made possible by the collection of actuarial statistics on sensible pleasure flying. "Hull coverage" (ground accident, fire, theft) costs 3% of the plane's value; public liability, $50 for the first $10,000; guest passenger liability, $40 for $10,000; property damage, $65 for $5,000. Personal accident insurance, available to members who have soloed 200 hr., costs $7 to $10 per thousand, is limited to $5,000.

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