Archive for the ‘Insurance Products’ Category
5 Important Tips When Renting Aircraft
While renting any vehicle comes with risk, there is much more at stake when that vehicle is an airplane. The consequences of mechanical problems with the aircraft, operator (i.e., pilot) error, etc. can be significant and put people, the plane and other property in harm’s way.
Aircraft Registration, Title and Insurance: What You Need to Know
As a requirement of aircraft ownership in the US, you must register your airplane with the Federal Aviation Administration (FAA). It is not a difficult process, and there is helpful information available on the FAA website. It is, however, an important process for a few reasons. One is simply that it is a legal requirement for all owners to register their aircraft and to have the registration onboard the aircraft.
Partnering to Protect You: Special Programs for U.S. Policyholders
From participation in safety programs to encouraging interest in aviation and educating the next generation of industry professionals, the sharing of knowledge is essential to everyone involved in aviation. For that reason, Global Aerospace has developed or supports several programs designed to advance the industry and also make it easier to obtain aviation insurance.
Global Aerospace and Brexit
The United Kingdom’s decision to withdraw from the European Union, commonly referred to as Brexit, came about as a result of a referendum held in 2016. The UK had joined the European Economic Community, as the EU was then known, in 1973, but its involvement was politically contentious for much of the period.
Our Future: Together
2020 has been a challenging year. It is our hope that our industry will come out of these difficult times with renewed purpose, finding greater strength and resilience from each other. We recognise that during these times, our clients need dependability, confidence and trust in the people they choose to do business with.
Weather Events: Impact of Natural Catastrophe Events on Aviation Insurers
Aviators and insurance professionals both keep a keen eye on weather, although often for very different reasons. During 2020, almost everyone was paying particular attention to what was ultimately record-breaking Atlantic hurricane activity.
Aviation Insurance and Additional Insureds
As an aircraft owner, you may be asked to add one or more individuals or an entity to your aviation liability insurance policy as an “additional insured.” This is a common practice in aviation and other types of insurance, but it is important that you understand the ramifications before agreeing to it.
Aviation Insurance: Keeping Pace with Technology
Technology drives the aerospace industry to new efficiencies and is reshaping future air mobility. Advances in technology can bring new risks, and aircraft builders as well as the associated supply chain rely on aviation product liability insurance to support their efforts by protecting them when something goes amiss.
8 Frequently Asked Questions About Light Aircraft Aviation Insurance
Having the right aviation insurance is important for light aircraft owners. Just as important, however, is having an in-depth understanding of what your policy provides and what it does not.
Why Light Aircraft Insurance Premiums Are Rising
As light aircraft owners are aware, premiums have been on the rise in recent years, with most seeing anything from modest to significant increases. This article explains what is driving these increases and why they have been necessary to ensure that owners are properly protected in the event of damage to their aircraft.
