Most pilots are benefiting from the aviation insurance industry today. With over 18 major aviation insurance carriers competing for their business, the market is in a bidding war that drives rates down, thus rewarding the consumer. However, pilots and aviation business owners are not provided direct access to these markets and must apply for insurance through broker. How do you know you’re choosing the right one?
Here are three questions to ask your aviation insurance agent:
- Do they specialize in aviation insurance?
Aviation insurance varies greatly from car, homeowners, and life insurance. It is not a one size fits all industry and there are many nuances to an aviation insurance policy that other product lines do not factor in. It’s important that your insurance broker understands what makes aviation insurance unique. An agent specializing in the aviation insurance industry will be aware of the details necessary to provide the proper coverage.
- Are they a pilot?
Many aviation insurance agents are connected to the aviation industry somehow. But are they an actual pilot? Has your agent been at the controls of an aircraft and understand the thrill of having your shirt cut on the first solo? Every pilot shares and celebrates certain benchmarks in their training. Choose an agent who shares similar experiences and understands how those benchmarks impact your insurance rates!
- Are they appointed with all major aviation insurance markets?
This one is a biggie. As mentioned earlier, there are many insurance carriers vying for your business. To ensure that all the markets are covered on your aviation risk, it is important to find an agent that is appointed with each of these markets, submits your quotation to all of them, and maintains a good relationship with their underwriters.
These three questions are an excellent guide in narrowing down a specialist that can best represent your interests at a competitive rate. Headquartered in Frederick, MD, with regional offices throughout the country, pilot run and owned Aviation Insurance Resources (AIR) meets all the requirements above. The pilots and agents at AIR focus on integrity and place customer service as a priority above profit. As each of our agents share a different story and background in aviation, we know you do as well. To receive the best options on your aviation insurance policy please call us at 301-682-6200 or request a quote online today!