Being adequately insured is something that should be on every pilot’s pre-flight checklist. That is true of aircraft you own and, just as importantly, aircraft you rent. In fact, confirming you have coverage when renting may be more important in some ways, as it might not be top of mind the way insurance is for aircraft you own.
Category: Light Aircraft
Hurricane Season—How To Mitigate Your Risk
One quick online search will tell you why insurance companies are withdrawing from providing coverage in disaster-prone areas around the U.S.—it’s extremely expensive to address losses.
Ready for Takeoff? Having Sufficient Insured Value is Critical
You’ve completed your pre-flight check and are getting ready to take off. But have you thought of everything? Whether your aircraft is brand new or you’ve owned it for many years, have you verified that you would be fully covered in the event of a loss?
Top 10 Factors That Affect Aviation Insurance Premiums
The cost of aviation insurance, like all insurance, is driven by risk factors. The higher your risk of being involved in an incident, the higher your insurance premium will be. The good news for aircraft owners and operators is that there are steps you can take to show the underwriter reviewing your insurance application that you pose a lower risk. In doing so, you can “earn” a better insurance premium.
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.
Important Considerations About Aircraft Hangars
Whether you are an individual owner or a large operator, properly storing and protecting your aircraft is essential to maintaining the value of this asset and ensuring it continues to operate at peak performance. Consequently, it is important that you consider your options for hangaring an airplane before you acquire it.
Aviation Insurance Guide: A Resource for Owners and Pilots
Aviation insurance is a product that is absolutely crucial to aircraft owners and pilots, but may be confusing. Ensuring that you have the right insurance requires that you understand the types of risk that should be covered (or must be covered by law) and what is covered by the policy or policies you are considering.… Continue reading Aviation Insurance Guide: A Resource for Owners and Pilots
ADS-B and Light Aircraft: Are You Ready?
Automatic Dependent Surveillance – Broadcast – or ADS-B – is a new way to manage air traffic in which properly equipped aircraft automatically self-report their position using the global positioning system (GPS). ADS-B will ultimately replace radar as the primary technology used by Air Traffic Control (ATC) to track and manage air traffic. The Federal… Continue reading ADS-B and Light Aircraft: Are You Ready?
What You Need to Know About Seaplane Insurance
As any seaplane pilot will tell you, flying seaplanes provides a tremendous sense of freedom. In areas with numerous bodies of water, the fact that you can land on and take off from any of them where those activities aren’t prohibited gives you many options. Seaplane pilots relish the fact that 70 percent of the… Continue reading What You Need to Know About Seaplane Insurance
What Happens if My Aircraft is Involved in an Accident?
We all realize that there is risk involved in owning and operating an aircraft. Comprehensive aviation insurance policies afford substantial protection from that risk. We hope you’ll never face a situation that puts your aviation insurance to the test. But if you have a mishap from which property damage or injury result, it is helpful… Continue reading What Happens if My Aircraft is Involved in an Accident?
Non-Owned Aircraft Insurance: What Pilots Need to Understand About This Critical Coverage
You’ve rented or borrowed an aircraft and an incident has resulted in damage to the aircraft itself, bodily injury to another person or damage to the property of others. Did you know that the aircraft owner’s policy may not provide coverage to protect you, or if coverage is provided, it may be insufficient to cover… Continue reading Non-Owned Aircraft Insurance: What Pilots Need to Understand About This Critical Coverage