I know there are Lightings/Vulcans etc. doing fast taxi runs in the UK. I would be very thankful if some of you guys could give me some directions as to how you do it insurance wise. Reason I’m asking, is that I would like to see something along those lines happen in Iceland, but insurance is proving to be a bit of a bugger with the ICAA. Any pointers?
Just thought I would give you an idea of what we the LPG (10 humble members) pay per year for insurance, we have both airframes insured against loss which is part of our thrid party liablitiy insurance which covers us for a £5million claim which comes in at £3000 per year so when we have 3 open days a year which we didnt this year we are paying £1000 per day, so this year it was £1500 a time.
There was a time just after 9/11 when we thought we would never get insrance agian at a resonable price, when we started fast taxing XR728 regually infront of the public back in 1990 we did use a company that insured steam boilers of main line railway engines and the like but they really hicked the premiums after 9/11 which is why we went down the dragster route, mainly because of our association with the Prime time dragster team that regually come to our open days, they bless their socks pointed us to their insurance people.
We also insure ourselves against injury to the tune of £50,000 each which is a realitively low premium,(carnt remember exactly how much) this is just incase one of us falls off, cracks his head etc while working on either of them.
We use the only company in the UK that will insure dragsters.
So each Lightning is a 3 wheeled dragster.
I would say you should be looking along simular lines to do what you intend
Hope this helps
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