Insured hull value
I am in the process of renewing the insurance for my 1968 Cessna 182. I previously had $95,000 hull insurance, since that was about what I thought I could sell it for. Early this year I put the plane on the market at $105,000, and then steadily dropped the price until I got offers.
I didn’t get anything firm until $80,000, and had settled on a price with a buyer pending his inspection at $77,500. At this point, my girlfriend intervened and bought into the plane 50 percent to keep it in the family (we use it a lot to avoid the ferry lines to Seattle), so I took it off the market.