Yes fractional ownership exists. Once renting is involved, insurance premiums triple to quadruple. There are also certain circumstances under which 100 hour ins

Yes fractional ownership exists. Once renting is involved, insurance premiums triple to quadruple. There are also certain circumstances under which 100 hour inspections are required, which means maintenance costs go up. Some people get around this by forming a club, which means it isn't quite randos at that point. There are several types of insurance (just like for cars), but public liability insurance is the most commonly required. Most states don't require it as far as I know, though. My understanding is that most FBOs do require it to use their facilities. It isn't cheap, but no one that I've talked to has discussed insurance as though it were optional. I don't doubt for a moment they're out there though.