Game Composites Insurance Cost Examples
Game Composites GB1 Gamebird - Owner Pilot Experienced
|GB1 Gamebird Physical Damage||$500,000 Agreed Value||$12,100|
|Aircraft Liability||$1,000,000 sub $100,000 per passenger||$1,900|
|Total Annual Premium||$14,000|
Game Composites GB1 Gamebird - Owner Pilot Less Experienced but PRIV INST
|GB1 Gamebird Physical Damage||$500,000 Agreed Value||$16,000|
|Aircraft Liability||$1,000,000 sub $100,000 per passenger||$2,000|
|Total Annual Premium||$18,000|
The Game Composites GB1 Gamebird is one of the most versatile and best performing aerobatic aircraft in the category. It’s a two seater with a single reciprocating engine aircraft that was designed by a German named Philipp Steinbach who has competed in aerobatic competitions worldwide.
The GB1 Gamrbird starts at $515,000 brand new. With additional upgrades to the configuration such as avionics, camera mounts, seating capacity, and shipping can cost an additional $20,000.
Aerobatic, Kit, and Composite Aircraft have a limited number of options when it comes to aviation insurance companies that are willing to underwrite the risk.
The highest liability limits available for aerobatic aircraft is typically $1,000,000 per occurrence sub $100,000 per passenger. This isn’t a lot of liability especially when you consider the potential risks of operating the aircraft for an airshow, but it is likely the only option given the inherently risky operations. The hull value can typically account for 80 to 90 percent of the overall premium. Some owners elect to go for liability only coverage.
An easy way to calculate what your estimated premium will be for a Game Composites Aircraft is: 3%, 4%, 5%, and 6%
- 3% of the hull value for experienced pilots, and a hull value at $400,000 or greater
- 4% of the hull value for less experienced pilots, and a hull value at $400,000 or greater
- 5% of the hull value for less experienced pilots, and a hull value at $300,000 or greater
- 6% of the hull value for experienced pilots doing a lot of airshows
Models We Cover
Game Composites aircraft hold their value fairly well along with the rest of the market, such as Extra 330SC, Sukhoi Su-29, Pitts S-2C and S-1/2 Series, and Edge 540. Recently we’ve seen a lot of aerobatic and piston aircraft in general increase in value.
The hardest aircraft to insure for Gamebird Composites Aircraft is operations that have a lot of Named Pilots listed on the policy. Also pilots that are 70 or older have a tough time finding new relationships with insurance companies.
Game Composites have a good claims history. Most of the claims are from poor decision making by training pilots or pilot error.
The Gamebird GB1 has a composite structure for enhanced aerodynamics, a large UV canopy for unobstructed visibility, dual flight and engine controls available from both seats, and Garmin avionics to increase the pilots situational awareness.
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
Game Composites flight training is done by aerobatic instructors that have experience in the GB1 Gamebird. https://gamecomposites.com/training/