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Analyze any existing dry leases to determine whether they need to be implemented, modified or canceled altogether. The added liability risks associated with dry leasing can have significant implications for insurance coverage, and it is crucial to address these concerns proactively.
Evaluate whether your current training provider and intervals align with your operational needs. Exploring alternative training options may yield better results and enhance overall safety.
Finally, it is essential to examine ancillary coverages to determine their relevance and importance. For instance, Extra Expense coverage can be an asset, and owners should assess whether increasing or decreasing these coverages could provide additional benefits without incurring extra costs.
As we approach the buyer’s market, King Air owners must proactively review their policies, risk profiles and available options. Engaging in open communication with brokers and underwriters will yield the best results and potentially reduce premiums in 2025.
In conclusion, the King Air insurance market is undergoing a significant transformation. As we move away from the challenges of the hard market, there is an opportunity for owners to secure better coverage and more favorable terms. By adopting a strategic approach to risk management and actively engaging with their insurance broker and carriers, King Air owners can navigate the changing market tides with confidence and foresight. The key to success lies in being prepared, informed and proactive in securing the best possible insurance coverage for your aircraft. KA
Kyle P. White, ATP & MEII, is an aviation insurance executive for a global insurance brokerage company. As a former professional King Air captain on BB-1118, he still enjoys flying his family’s J-model Bonanza and Piper Cub. He can be reached at kpwhite816@ gmail.com.
12 • KING AIR MAGAZINE
JANUARY 2025