Dassault Falcon Insurance Cost Examples
Falcon 50EX - Dual Pilot Typed Rated
|50EX Physical Damage||$6,500,000 Agreed Value||$23,500|
|Aircraft Liability||$50,000,000 Per Occurrence||$9,000|
|Total Annual Premium||$35,500|
Falcon 2000LXS - Dual Pilot Typed Rated
|2000LXS Physical Damage||$30,000,000 Agreed Value||$25,500|
|Aircraft Liability||$250,000,000 Per Occurrence||$23,000|
|Total Annual Premium||$48,500|
Falcon 8X - Dual Pilot Typed Rated
|8X Physical Damage||$40,000,000 Agreed Value||$34,000|
|Aircraft Liability||$300,000,000 Per Occurrence||$26,000|
|Total Annual Premium||$60,000|
Falcon jets continue to be a leading manufacturer of mid to large size cabin class corporate jets. The insurance for Falcons jets are underwritten by a handful of insurance companies that are capable of offering high limits for hull value and liability. A brand new Falcon 10X is expected to cost around $75,000,000. Common liability limits for a Falcon aircraft of this value is $300,000,000 per occurrence.
Liability premium typically accounts for around 30% of the overall premium. The liability premium is based on the number of seats, liability limit, and use and operations of aircraft. The remaining 70% of the premium is based on the hull value.
An easy way to estimate or visualize the premium for a Dassault Falcon 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
- 0.4% of the hull value for experienced pilots and high hull value such as $25,000,000
- 0.6% of the hull value for experienced pilots and high hull value such as $10,000,000
Whether the insurance market is a hard market or soft market, aviation underwriters will be seeking to find jet operators and owners with the best resume or candidates with the lowest risk profile. While riskier sections of the aviation insurance industry can see a lot of volatility, some of the best jet operations in the world have continued to operate unaffected by insurance rate increases.
Models We Cover
Falcon jets hold their value very well, especially since the pandemic where demand to fly corporate has increased exponentially. Current owners have been looking to upgrade and first time buyers that had been sitting on the fence with the means to buy a Falcon or corporate jet now had the excuse they needed to pull the trigger.
The hardest Falcon jets to insure are the older aircraft and specifically the operators that are trying to save money by not sending both pilots to simulator school in the same make and model Falcon jet annually. The majority of the Falcon jet operators don’t have this problem, but sometimes with the lower purchase price of older Falcon jets, it brings out bargain hunters that think saving money on maintenance or pilots is a badge of honor when it comes to their frugality.
Falcon jets have had an amazing claims history. There’s also over 2,500 Falcon jets in operation worldwide so aviation underwriters have a lot of data to properly rate the risk. Falcons very rarely have total losses, but like the rest of the aircraft insurance industry the risk is a catastrophic loss that can wipe out a decade of insurance premiums collected from the insurance companies.
Falcon jets are extremely safe to operate because they are so well manufactured and maintained, but also because the pilots that fly the Falcons are very well qualified. Pilots are required to complete recurrent training annually in the same make and model aircraft.
Pilots that fly the Falcon are either Named on the policy or fly under the Open Pilot Warranty, which will require a minimum of 3,000 hours total time, 100 hours in make and model, and annual training.
Flight Training Centers
Dassault Falcon Flight Training Centers are located throughout the US and throughout the world at full motion level D simulators. FlightSafety International, CAE Simuflite, and Simcom.
See our complete list of approved flight schools for more information.