As 2022 begins, inflation is a recurring conversation topic. It has become impossible to ignore the increased expenses associated with everyday goods, services and commodities. As aviators, we are mindful of the expenses associated with operating our aircraft. The King Air community, as with all turbine aircraft, has seen an increase in their insurance premiums.…
An insurance policy should provide peace of mind when putting capital at risk. However, when operating your King Air, you should be aware there are some perils that may not be covered, thus, giving you a false sense of security. A well-constructed aircraft hull and liability policy can, and should, provide a broad array of…
The aviation insurance industry has officially entered the “hard market.” King Air owners and operators are seeing sharp increases in premiums with reduced ancillary coverages. Unfortunately, you can expect this trend to continue throughout 2021. In addition to the hard market affecting price, it can also impact how strictly insurance carriers adhere to exclusions within…
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…