Unprecedented times are upon us. In the past, King Air magazine has published dozens of articles on a variety of insurance topics. The content has revolved around experiences your fellow King Air operators have endured and we all have been able to learn from. Currently, the world is grappling to navigate COVID-19, which has sent…
In the October 2019 issue of King Air, I stated there are two parts to your King Air insurance policy regarding claims. One aspect – third party liability – was covered in detail. The second aspect is physical damage that occurs to your aircraft. When your King Air is damaged, many emotions are triggered. It…
When it comes to addressing claims, there are two parts to your King Air insurance policy. One is for physical damage to your aircraft and the second is for third party liability. For this article, I am focusing on the latter. The hull and liability policy is very broad in nature. In the insurance industry there is a…
As a consumer, you buy many different insurance policies. When was the last time you switched insurance carriers for one or more of your policies? If you’ve switched recently, what were the driving factors behind this decision and were there any repercussions or risk in doing so? If you’ve moved an aircraft policy, the answer…
King Air owners frequently ask me about available discounts for their insurance program. This has become more prevalent as the insurance market continues to show signs of hardening – coverages are becoming less negotiable, rates are slightly increasing and underwriters are becoming more critical of an operator’s risk profile. In the May 2018 issue of…
The first quarter of 2018 is behind us and many of you spent April reflecting upon the opportunities, challenges and results from the first three months of the year to forecast what the rest of 2018 may hold for your business, flight department, operating budget or other goals. Upon reflection of insurance policy placements made…
General aviation has had a great tailwind lately. Fuel prices have been low and stable, insurance premiums continue to be at historic lows, avionics manufacturers are developing new products, and there seems to be enthusiasm to upgrade cockpits in conjunction with ADS-B installations. There also appears to be quite a bit of action for people…
Spring 2017 kept insurance adjusters busier than usual. Storms arrived earlier in the season due to the mild winter in much of the United States. In some areas it seemed Mother Nature was specifically seeking airports as direct targets, similar to mobile home parks frequently falling into the path of storms accompanied by tornado sirens.…
As aviators operating high performance turbine aircraft, we are accustomed to mandatory and elective training. From our first experience of pursuing the private pilot license, we learn that the FAA has rules and regulations pilots must comply with. For the recreational, single-engine piston operator, the minimum training is a flight review every 24 months, while…
In today’s society, nearly everyone wants to have two of everything – two cars, two houses, two airplanes, etc. We have come to believe more is better. However, insurance does not always work that way. If you have coverage for something in one policy, and that same coverage is in another policy, instead of double…