Would like to piggyback on this thread to ask if anyone know of a broker who deals with N or other non EU registered aircraft insurance. I am having trouble getting coverage because my plane is Z3 registration. Several brokers said that if I changed to D or F it’s not a problem.
Any leads on a broker how might help?
You pay 1% of the book value of your aircraft every year?
It’s about 1.2% of the value assessed by the local county based on your annual declaration to them, with the exception that if the plane is over 35 years old (or in a couple of other categories) it can be displayed to the public once monthly for few hours in lieu of payment. Link As you might imagine there are one or more display days every month at many GA airports, typically at the transient ramp, so for the average private owner of a typical plane the tax is optional. Many people do the display days both to avoid the annual tax and as a social event, and it also helps promote the airport with the neighbors as intended by the state, but if your tax is low and/or you’re busy it may not be worth the trouble.
Tax in many states is also due when the plane is sold, payable by the buyer. Rates vary from 0-10 % depending on location.
Any leads on a broker how might help?
Maybe a google on aviation insurance in Portugal? GA insurance tends to be nationally operated. Europe is not a country; most countries are substantially different from the one next door, but perhaps Portugal may be covered by a Spanish insurer. @aart, and others, may know…
Same goes for Romania.
