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…
ADS-B Preflight Requirement The Federal Aviation Administration (FAA) will issue a NOTAM that will largely exempt general aviation operators from an ADS-B preflight requirement after the Jan. 1, 2020, deadline. The NOTAM exempts ADS-B Out transmitters that use WAAS GPS receivers as a position source from the preflight requirement and states specifically: “It is not…
FAA Data Reveals Half of U.S. Aircraft Will Miss ADS-B Deadline According to information from the Federal Aviation Administration (FAA), as of Nov. 1, 2018 just over 46 percent of U.S. aircraft were projected to meet the ADS-B equipment mandate deadline of Jan.1, 2020. Digging deeper and breaking out the numbers revealed that close to…
Tax Reform Bill Signed into Law Commended for Aviation-related Provisions The new tax overhaul package referred to as the “Tax Cuts and Jobs Act” was signed into law by President Trump on December 22, 2017. Two key provisions that aviation leaders are praising are the immediate expensing of both factory-new and pre-owned (used) aircraft, as…
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…
Have you ever allowed someone else to use your King Air or have you used an airplane you don’t own? If you are like many individuals or companies, you have “non-owned exposure.” If you are a larger company, you likely have non-owned exposures you don’t even know about. Every time you let someone use your…
I recently attended the Aviation Insurance Association’s annual conference in Colorado Springs. Working in the insurance segment of the aviation industry, this is an excellent event to attend and stay abreast of changes in the marketplace. The senior management team of every aviation insurance carrier doing business in the United States is in attendance, as…