Gulfstream Airplane Insurance

Gulfstream is one of the most iconic large cabin corporate jets in the world. Capable of flying non-stop in luxury almost anywhere, except warzones. The newest Gulfstream is the G700 and G800 which have been in a speed and range race with Bombardier’s Global 7500 and 8000. A brand new G800 is expected to cost $80,000,000. Corporate jets of this value typically have liability limits around $300,000,000 per occurrence.

The hull value typically accounts for around 70% of the overall premium. The remaining 30% of the premium is from the liability limit. The insurance premium for a Gulfstream depends on the pilot’s experience, number of seats, and use of aircraft as far as Commercial Part 135 Charter or Private Part 91 operations. European Union operations require at least $250,000,000 in War liability. This coverage can be purchased on a per trip or annual premium basis. Per trip is $1,000 and annual is $2,500. Certain EU countries require a territory certificate, like Italy, Germany, and Spain. Your trip planner will be familiar with the certification requirements.

An easy way to estimate or visualize the premium for a Gulfstream Aircraft is: 0.2%, 0.4%, and 0.6%

• 0.2% of the hull value for experienced pilots and high hull value such as $50,000,000, Part 91 operations
• 0.4% of the hull value for experienced pilots and high hull value such as $25,000,000, Part 135 operations
• 0.6% of the hull value for experienced pilots and high hull value such as $10,000,000

While much of the aviation industry has recently experienced a hard market since 2019, some of the best Gulfstream jet operators have been very mildly impacted because aviation insurance underwriters are constantly seeking to insure operations with the most favorable risk. This typically involves owners who are very well funded and spare no expense when it comes to their flight operations.

Gulfstream G700

The fly-by-wire G700 is actually a 10-foot stretched derivative of the G650, with which it also shares the same nose and wing. The jet also borrows the G500/600’s Symmetry flight deck, including the active-control sidesticks, while adding a redesigned tail with lower height for easier hangar access, swoopy winglets, and new Rolls-Royce Pearl 700 engines. Because of the similar flight deck, the G700 will share a common pilot type rating with the G500/600.The fly-by-wire G700 is actually a 10-foot stretched derivative of the G650, with which it also shares the same nose and wing. The jet also borrows the G500/600’s Symmetry flight deck, including the active-control sidesticks, while adding a redesigned tail with lower height for easier hangar access, swoopy winglets, and new Rolls-Royce Pearl 700 engines. Because of the similar flight deck, the G700 will share a common pilot type rating with the G500/600.

Gulfstream G800

The G800 will eventually replace the G650ER. It will have an 8,000-nautical-mile range at Mach 0.85 and 7,000-nautical-mile range at Mach 0.90, with a flight ceiling of 51,000 feet. Flight tests should begin by the end of this year. The first G800, priced at $71.5 million, is expected to be delivered to customers in 2024.The jet will be powered by the same Rolls-Royce Pearl 700 turbofan engines as the G700, while sharing that aircraft’s wing, tail and winglet. But it will have the same fuselage as the G650ER. The G800 will be able to seat up to 19 passengers and sleep 10 across four living areas. It’s also available with three living areas and a crew compartment.