The world of aviation offers a unique experience for those who take to the skies. For some pilots, the desire for flight extends beyond simply operating a factory-built aircraft – they want to build it themselves.
This is where homebuilt airplanes, also known as homebuilt aircraft, come in.
Homebuilt airplanes, also known as amateur-built aircraft or kit planes, are a type of aircraft constructed by individuals for personal use, not as a professional activity.
There are two main ways to build a homebuilt aircraft:
This method involves designing and constructing the entire aircraft from scratch. Builders utilize detailed plans to source all necessary materials, like wood, metal tubing, or composite materials, and fabricate all the components themselves.
Scratch-built aircraft require a high level of experience and knowledge in aircraft design and construction.
This method utilizes a prefabricated kit provided by a manufacturer. Kits typically includes detailed plans, pre-cut or pre-formed components, and a bill of materials for acquiring additional supplies.
Kitbuilt construction offers a more standardized process compared to scratch-built, but builders are still responsible for assembly and may require some fabrication skills.
In both cases, the Federal Aviation Administration (FAA) requires the builder to demonstrate at least 51% of the construction was completed by them. This ensures a level of personal investment and understanding of the completed aircraft.
Yes, homebuilt airplanes can be legally flown in the United States under specific regulations outlined by the FAA. These regulations encompass the design, construction, and piloting of the aircraft. Obtaining an airworthiness certificate from the FAA is mandatory before operating a homebuilt aircraft.
While there are no mandatory aircraft insurance requirements for homebuilt airplanes in the United States, having proper coverage is highly recommended due to the potential risks involved.
Here’s a breakdown of the typical insurance options for homebuilt aircraft:
This protects the financial value of your homebuilt aircraft in case of damage or loss. Damage can occur from various incidents like accidents, theft, hail, or hangar collapse.
The value of your documented construction hours and materials will determine the coverage amount.
This protects you from financial responsibility if your homebuilt aircraft causes injury or property damage to others during an accident. Liability coverage can extend to passengers on board, people on the ground, and other property.
Bodily injury and property damage coverage falls under liability coverage.
This coverage goes beyond basic liability and helps pay for medical expenses incurred by you and your passengers in the event of an accident, regardless of who is at fault. This can be particularly valuable if you plan on flying with friends or family members.
This reimburses you for expenses incurred if your homebuilt aircraft is damaged and rendered unusable for while repairs are being made. This can help cover costs like renting another aircraft while yours is being repaired.
While a rare occurrence, an emergency situation in a remote location could necessitate a search and rescue operation.
Search and rescue coverage can help offset the significant costs associated with SAR efforts, including search aircraft deployment, ground search teams, and medical evacuation by helicopter or other means.
An aviation insurance company may not offer medical payments, loss of use, or search and rescue coverage for homebuilt aircraft. Carefully evaluate your risk tolerance and flying habits to determine if these additional coverages are worthwhile for your situation.
While there’s no one-size-fits-all answer, homebuilt airplane insurance premiums can typically range from a few thousand dollars to upwards of $10,000 annually. This is a significant difference compared to commercially manufactured aircraft insurance, which often falls within a lower range.
The cost of homebuilt airplane insurance varies depending on several factors, including:
It’s important to note that due to the inherent risks associated with homebuilt aircraft, obtaining insurance from an insurance company can be more challenging and expensive compared to commercially manufactured airplanes.
Fulfill your dream of flying your own creation with confidence! Commercial Aviation Insurance is a leading provider of insurance solutions specifically designed for homebuilt aircraft enthusiasts.
Whether you’re building a scratch-built masterpiece or assembling a kitbuilt marvel, our team understands the unique risks and coverage needs of homebuilt airplanes.
Request a free quote today and experience the peace of mind that comes with knowing your aircraft is covered. Let’s ensure your passion for flight takes off smoothly and contact us to find the best insurance coverage for your homebuilt aircraft.
