Aircraft insurance needed

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Alpha Sierra

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Alpha Sierra
I'm a Canadian citizen recently moved to California for my job. I cannot change the registration of my aircraft to american since I'm not a US citizen or permanent resident. A couple of american insurance companies refused giving me insurance. A Canadian insurance broker also refused to give me insurance since I'm not a resident of Canada.

Can anyone please let me know if you know an insurance broker/company who can help?
Or if there is any solution?
Appreciate your help.
 
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Did you try calling AOPA? They seem to be extraordinarily helpful.
 
Could you maybe start up a US LLC and register it like that?
 
James331 said:
Could you maybe start up a US LLC and register it like that?
Click to expand...

Or may be a C Corporation. I'm researching it.
Meanwhile if anyone has more info about C Corp for an aircraft, please share it here or PM me. Thanks.
 
Alpha Sierra said:
Or may be a C Corporation. I'm researching it.
Meanwhile if anyone has more info about C Corp for an aircraft, please share it here or PM me. Thanks.
Click to expand...

This is how I did it for my LLC, probably very similar for a C Corp, I'd imagine

I wrote this for changing a plane from your own name to your LLCs, so in your case Id imagine it would be from someone else's name to your companies, should still mostly apply.

"So print the faa 8050-2 bill of sale and fill it out:

Sale price, $1 & OVC

Fill out aircraft info

Fill out the name of the company it's going to, mailing address up top, physical if different below that

And the "Her" "I" "My" and the date on the part below that.

Seller is her name, sign, title is owner


Now on the carbon 8050-1 that the FAA will mail to you for free

Aircraft info

Check corporation

Name of corp

Address of corp, if you use a PO Box fill out the physical address and just add your PO BOX in the PO box colum too

Now she signs it (PRINT HER NAME UNDER HER SIGNATURE) all in the signature block
Title should be member
Date it


She needs to send that with a letter she types up, something like this,

[see image]


be sure to have her N number in the top left corner of the letter, and take a sharpie and write it in the top left corner of the copy of the certificate of formation which gets sent with the letter too.

Send all that in with a check for the $5 for the FAA, keep your pink copy of the temp reg (good for 90 days minus international ops), and bobs your uncle.

Of course be sure to double check the states tax scheme where she is registering it, some states will try to steal your money through taxes, others are more constitutional."



I used these guys to start the company, cheap and easy.
https://www.incnow.com
 

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What h out for transferring it to an LLc. Depending on your state, I might very well be a taxable event. Listing a dollar ain't gonna cut it. Thy will use VRef or do a research assss,net on the value and send you th bill.

And when it does transfer, FAA sends the into the California Frachise Tax Board in your case. Better call them first before you do anything.
 
James331 said:
This is how I did it for my LLC, probably very similar for a C Corp, I'd imagine
I wrote this for changing a plane from your own name to your LLCs, so in your case Id imagine it would be from someone else's name to your companies, should still mostly apply.
"So print the faa 8050-2 bill of sale and fill it out:
Sale price, $1 & OVC
Fill out aircraft info
Fill out the name of the company it's going to, mailing address up top, physical if different below that
And the "Her" "I" "My" and the date on the part below that.
Seller is her name, sign, title is owner
Now on the carbon 8050-1 that the FAA will mail to you for free
Aircraft info
Check corporation
Name of corp
Address of corp, if you use a PO Box fill out the physical address and just add your PO BOX in the PO box colum too
Now she signs it (PRINT HER NAME UNDER HER SIGNATURE) all in the signature block
Title should be member
Date it
She needs to send that with a letter she types up, something like this,
[see image]
be sure to have her N number in the top left corner of the letter, and take a sharpie and write it in the top left corner of the copy of the certificate of formation which gets sent with the letter too.
Send all that in with a check for the $5 for the FAA, keep your pink copy of the temp reg (good for 90 days minus international ops), and bobs your uncle.
Of course be sure to double check the states tax scheme where she is registering it, some states will try to steal your money through taxes, others are more constitutional."
I used these guys to start the company, cheap and easy.
https://www.incnow.com
Click to expand...

This is very helpful James. I really appreciate it. By the way, I received an insurance offer from my last year broker which I will get it. But I'll try to see if I can do the C Corp because it's going to be cheaper to maintain in long term if I can import the aircraft and register it with an N number.
 
Problem Solved. I got it through my last year Canadian broker. Thanks everyone for your advice.
 
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