De Havilland Canada DHC-3 Otter Airplane Insurance
De Havilland Canada DHC-3 Otter Insurance Cost Examples
Pro Pilot and Experienced, Amphibian
| Coverage | Limits | Premium |
|---|---|---|
| Physical Damage | $1,700,000 Agreed Value | $45,000 |
| Aircraft Liability | $2,000,000 Per Occurrence | $15,000 |
| Total Annual Premium | $60,000 |
Pro Pilot and Experienced
| Coverage | Limits | Premium |
|---|---|---|
| Physical Damage | $1,700,000 Agreed Value | $30,000 |
| Aircraft Liability | $3,000,000 Per Occurrence | $15,000 |
| Total Annual Premium | $45,000 |
Owner Pilot and Experienced, Alaska and Canada
| Coverage | Limits | Premium |
|---|---|---|
| Physical Damage | $1,700,000 Agreed Value | $40,000 |
| Aircraft Liability | $1,000,000 Per Occurrence | $15,000 |
| Total Annual Premium | $55,000 |
Aircraft Summary
Viking Air, Ltd acquired the type certificate for the DHC-3T Turbo Otter, powered by Pratt & Whitney Canada PT6A-27 or PT6A-34 turboprop engines, from Bombardier Aerospace in 2006. On June 3, 2019, Longview Aviation Capital purchased the rights to the entire De Havilland product line, and a new holding company, De Havilland Aircraft of Canada Limited, was established to manage the product line and facilitate production of the Q400 model.
Models We Cover
Valuation
The average price of the De Havilland DHC-3 Otter is $1,700,000. De Havilland Canada built the DHC-3 Otter between 1952 and 1967.
There are 8 variants of the aircraft: DHC-3 Otter, CSR-123 Otter, YU-1 Otter, U-1A Otter, UC-1 Otter, DHC-3-T Turbo-Otter, Airtech Canada DHC-3/1000 Otter, and Texas Turbines Super Otter. 446 De Havilland DHC-3 Otter was built within the production timeline.
Risk Areas
DHC-3 Otters flown by less experienced pilots and owner-pilots flying solo are riskier to insure. If the pilot has no experience in flying radial engines, the insurance company would have to attend training and semiannual recurrent training until they reach 250 hours in the make/model.
The DHC-3 Otter is rugged and is mostly flown as a bush plane. Hence, insuring pilots over 75 years old for single-pilot operations can generate less underwriting interest. Underwriters may request a succession plan for the older pilot.
De Havilland DHC-3 is one of the oldest aircraft still in operation today. This gives underwriters sufficient information to weigh the risk of coverage.
Claim History
Havilland Canada DHC-3 Otter accidents are mostly caused by pilot errors. Other causes include structural or mechanical failures, weather, and uncontrolled descents.
In October 2022, the FAA issued an emergency AD (Airworthiness Directive) demanding immediate visual inspections of the entire left-hand elevator auxiliary spar for cracks, corrosion, and previous repairs. This emergency directive was a result of multiple reports of cracks in the left-hand elevator auxiliary spar on DHC-3 airplanes.
Safety Features
Pratt & Whitney R-1340 Wasp radial engine was very popular when aviation was a new thing. PW radial engine gives lower propeller revolutions and airspeed.
The De Havilland DHC-3 Otter is a rugged short take-off and landing aircraft mainly used for bush operations in unprepared airfields. It can also be fitted with wheels, skis, or floats for safe operations in different operating conditions.
Many owners have upgraded their aircraft to glass avionics for better situational awareness and instrument approaches. Many DHC-3 Otters have also been modified to turbo-prop power to improve safety.
Aircraft Insurance Cost Guide
Learn more about the cost of insurance for private pilots based on your aircraft type and the various factors that affect premium rates. Whether you’re seeking owner aircraft insurance or commercial aircraft insurance, this valuable information will help to make an informed decision about the best coverage for you. If you have any additional questions, please don’t hesitate to reach out!
Flight Training Centers
De Havilland 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 and Part 141 flight schools for more information.
Parts Service Centers
De Havilland Authorized Service Centers are located throughout the US and throughout the world.