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Insurance costs
I just received a quote for a '67 Skymaster with the usual coverages and it wasn't too bad. I currently pay a little over $1100. per year for a '55 Bonanza and to upgrade to the Skymaster the premium is a little over $1900. per year. I have about 350 hours in type but I don't have an IFR ticket. I priced out insurance on a P-model and the rate was over $4500. plus mandatory recurrent training annually. This mandatory training includes my son, a co-owner, who is a 737 driver for Southwest and a 9 year veteran Navy pilot. It seems to me the insurance companies just don't want to write a policy on the high flyers.
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