All Royal Aero Club of Western Australia aircraft are insured under a Hull and Liability policy. The hull is insured for current market value (ranging from $55 000 for the C152 fleet to $190 000 for more advanced singles and twins) whilst the liability policy is for a combined single limit of $10,000,000.
In the event of an incident where the pilot is responsible for damage to the aircraft, the pilot will be liable for the insurance excess which is $3 000. This does not apply to training flights unless there is clear evidence of negligence by the pilot. Members can insure against being charged this excess by paying a nominal fee (currently $110).
Please note that the above is a very general summary and members are requested to read the policy wording (extract) which is available from the Royal Aero Club of Western Australia Operations.
View Insurance Policy Extract.
Download INSURANCE EXCESS.