14 CFR 198.7 - Amount of insurance coverage available.
(a) For each aircraft or insurable item, the amount insured may not exceed the amount for which the applicant has otherwise insured or self-insured the aircraft or insurable item against damage or liability arising from any risk. In the case of hull insurance, the amount insured may not exceed the reasonable value of the aircraft as determined by the FAA or its designated agent.
Title 14 published on 2013-01-01
no entries appear in the Federal Register after this date.