Embraer Legacy 500 Insurance Cost Examples
Only 2 Named Pilots; No Fractional/Dry Leases/Losses
| Coverage | Limits | Premium |
|---|---|---|
| Physical Damage | $20,000,000 Agreed Value | $40,000 |
| Aircraft Liability | $50,000,000 Per Occurrence | $10,000 |
| Total Annual Premium | $50,000 |
4 Contract Pilots; Fractional Owners
| Coverage | Limits | Premium |
|---|---|---|
| Physical Damage | $20,000,000 Agreed Value | $45,000 |
| Aircraft Liability | $50,000,000 Per Occurrence | $10,000 |
| Total Annual Premium | $55,000 |
5 Contract Pilots, and 2 Losses from Bird Strike and Hail in FL
| Coverage | Limits | Premium |
|---|---|---|
| Physical Damage | $20,000,000 Agreed Value | $55,000 |
| Aircraft Liability | $50,000,000 Per Occurrence | $10,000 |
| Total Annual Premium | $65,000 |
Aircraft Summary
Experience the first mid-sized business jet to feature digital flight controls with full fly-by-wire capabilities. The extended version of the Legacy 450 model, the Embraer Legacy 500 took to the skies for its inaugural flight on November 27, 2012 and was certified on August 12, 2014. With two Honeywell HTF7500E engines providing 7,036 pounds of thrust each, this business jet can reach ranges of up to 3,125 nautical miles, even with four passengers and available fuel. However, production of the Legacy 500 Model line will cease after 2020.”
Models We Cover
Valuation
The current price range of the Embraer Legacy 500 falls between $14,000,000 and $22,800,000. But, the price depends on the airframe condition and maintenance record.
Embraer Legacy 500 was introduced in 2014, and production was discontinued in 2020. 86 Legacy 500 have been produced and 84 are still in service today. But, 2 Legacy 500 have been retired.
Risk Areas
Claim History
The Legacy 500 has a good claim history. Accidents involving the Legacy 500 are mainly landing accidents caused by pilot error, especially those who are not used to the brake-by-wire system.
There are a lot of Embraer aircraft in service, so underwriters have enough information to rate the risk of insurance.
Safety Features
The Pro Line Fusion avionics system delivers advanced situational awareness and reduces the pilots workload. The features give maximum safety for pilots and passengers.
The suite features the industry’s first touch-control primary flight display, integrated head-up vision systems and powerful weather threat detection. They help pilots fly accurately anywhere and at any time.
Synthetic and Enhanced Vision enhances situational awareness. The system can be paired with the multispectral infrared EVS-3000 enhanced vision system to provide remarkable, real-time imagery of runway lighting (including new LED systems), terrain and obstacles as they appear ahead of the aircraft.
The multiscan weather radar helps to detect weather threats and gives a complete weather picture so the pilot can avoid the risk of inadvertently penetrating thunderstorms.
See our complete list of approved flight schools and Part 141 flight schools for more information.
Parts Service Centers
Embraer Aircraft has Authorized Service Centers throughout the US and throughout the world.