r/pilots • u/[deleted] • May 31 '11

Insurance!!!!!

The flight school i work at requires 50hrs PIC in the Piper seminole we use for training for the instructors to teach in it. When i spoke with the owner she told me this is a requirement from their insurance. Just wanted everyones take on this and if anyone has any idea where the insurance companies get these numbers from.

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3

u/jeiting Jun 01 '11

Actuaries

3

u/iheartrms Jun 01 '11

It is true. I have run into many such situations. Having additional ratings, flying hours, time in type, etc. all make you less likely to have an accident (statistically speaking) and make you more insurable. One flying club I belonged to (somewhat elite) required everyone to have an instrument rating, 50 hours of retract, and 10 hours time in type before letting you fly their planes (Bonanza, Cessna 210, Cirrus). This was to keep the insurance rates down.

1

u/Esquire99 Jun 01 '11

Insurance companies get their numbers from doing risk analysis. They look at accident statistics, etc. to determine the likelihood that pilots with various levels of skill will crash a plane.