For everything from medical crises to aerial photography, helicopters are a common form of transportation. Helicopters need insurance protection, just like any other vehicle, to safeguard the driver and passengers in the event of an accident or property damage. For helicopters, whether privately owned or used for business purposes, insurance coverage is typically required.
Helicopter insurance varies depending on a number of variables, including the type of helicopter, how it is used, and the owner’s insurance history. Insurance protection for tiny aircraft can cost between $2,000 and $10,000 per year. However, the cost of larger helicopters that need more liability coverage might reach $50,000 per year.
You might not always need to buy insurance if you intend to rent a helicopter. The majority of helicopter rental businesses include liability insurance in the rental agreement. To make sure you are sufficiently insured in the event of an accident, it is imperative to confirm with the rental company.
Running a helicopter can be expensive owing to maintenance, fuel, and other operating expenditures in addition to insurance fees. Depending on the type of helicopter and its location, helicopter fuel prices vary. A gallon of helicopter fuel typically costs between $4 and $8. A tiny helicopter that uses 10 gallons of fuel per hour will therefore cost between $40 and $80 per hour.
One of the most popular models, the Robinson R22 helicopter, can cost more or less to operate based on a number of variables like fuel usage, maintenance expenses, and insurance prices. Some estimates place the cost of operating an R22 helicopter at between $200 and $400 per hour. Nevertheless, this expense may differ based on the location and other operational aspects.
In conclusion, insurance protection is necessary if you own or operate a helicopter in order to safeguard both the owner and any passengers in the event of an incident or damage. The cost of insurance varies depending on a number of variables, such as the type of helicopter and its intended use. It’s possible that you won’t need insurance if you plan to rent a helicopter because liability insurance is typically provided by rental firms. Operating a helicopter can be costly because to maintenance, fuel, and other operating expenses in addition to insurance fees.
Depending on the manufacturer, model, and state of the helicopter, the price might vary significantly in the UK. A brand-new helicopter, however, can range in price from £250,000 to more than £10 million. When calculating the entire cost of owning a helicopter, additional continuing costs like maintenance, fuel, and insurance should be considered.