idahoflier
Pattern Altitude
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- Jul 21, 2017
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idahoflier
Probably not. Most GA policies have pretty low seat limits. Regardless of fault of their insured, their exposure is capped. So, insurance companies aren't really going to be driving that economic incentive.
I don't think anyone can reasonable doubt that having a parachute is better, all things being equal. The problem is that all things aren't equal. There is a large cost in terms of money, and possible weight (and therefore performance). If we knew which planes would need a chute before hand, then fine. But we don't. So, we pilot owners look at the equation from the stand point of costs vs. percentage change of loss x cost of the loss. It becomes really easy for us to think it won't happen to us, (and most would be correct) so the purchase price and upkeep isn't worth it.
If I thought it was likely that I would be involved in an aircraft accident I wouldn't be flying, so I agree the likelihood of ever needing a parachute is low. That said, as I noted below, if I find myself in a potentially fatal situation I would probably have at least a 73% chance of survival. The parachute is expensive. But it only represents approx. 4% of my GW and 8% of my useful load, that's not that much of a performance penalty...