The New Year is often viewed as a time to reevaluate and set goals. As it rounds the corner, businesses examine their profit and loss margins and determine rates for the coming year. Aviation insurance premiums take into consideration many factors: pilot experience, aircraft loss ratio, rising values, aging aircraft and more. The insurance carrier…
By: Victoria Neuville I remember my first Cirrus flight like it was yesterday. It was just before I moved to Maryland to work for Aviation Insurance Resources (AIR) in 2010. I was training for my commercial pilot certificate and my CFI managed a fleet of Cirrus SR22s under an aircraft share program. I hopped along…
We’ve all heard the phrase “a good pilot is always learning”. While you may be legal to fly an aircraft according to the FAA, many pressurized, turbine or jet powered aircraft have insurance mandated initial and recurrent training. These requirements are put in place in hopes of maintaining proficient and safe pilots on their policy…
If you looked up your make and model aircraft on Controller or Barnstormers lately, you may have been shocked by what your aircraft could sell for! Flight schools are busier than ever and are struggling to add aircraft to their fleet. Those looking to stop renting and purchase their own aircraft must jump on an…
When aircraft owners experience a partial loss or total loss after an insured aircraft sustains physical damage, the aviation insurance provider’s claim handler begins preparing payment to the “name insured” (the policyholder and any loss payees endorsed under the policy). As a part of that preparation of the claim payment process, claim handlers need to…
Accidents happen every single day. However, when commercial flights experience accidents the public is less than forgiving. Even though most airplane accidents happen on the ground, and in-flight accidents are very rare, commercial aviation companies need to ensure that they have proper commercial aviation insurance coverage for when unexpected accidents do occur. Here are the…
We live in a litigious society, which is why we all need to protect our backs with general liability insurance coverage. Hangar owners, aircraft detailers, fixed base operators, and other airport municipality owners are no exception. But what kind of insurance keeps these aviation experts protected? Hangarkeepers insurance is a unique type of general liability…
If you are a private aircraft owner or operate a commercial aviation business, then you have a responsibility to equip your aircraft with proper aviation insurance coverage. With a range of policies available, aviation insurance is not a one-size fits all solution. If you are looking to get the most from your aviation insurance policy,…
