Page 13 - May 2022

would cause the typical King Air 200 driver an additional $90 per flight hour; at 300 hours per year, it would be an extra $27,000. The international energy disruption is not the only ramification of the crisis in Eastern Europe felt by the aviation community.
The aviation insurance industry could face the largest losses in his- tory, surpassing even those from 9/11. Billions of dollars in aircraft
and aircraft parts in Russia may be considered seized or confiscated triggering “occurrences” within aviation policies. If this occurs, we’ll see the aviation re-insurance market pricing go up, which will be felt by all N-registered aircraft own- ers too. We generally think about accidents or incidents creating in- surance payouts. However, there are provisions in the aircraft insurance policy called “war hull” that can be triggered and render a total loss of
the aircraft even if it hasn’t suffered physical damage.
The policy covering your King Air is an “all risk policy,” meaning it’s covered, unless it is specifically excluded. Specific language from your policy may read:
“The Company will pay (minus any applicable deductible) for Physical Damage to a Scheduled Aircraft including ingestion and also including disappearance or
MAY 2022
KING AIR MAGAZINE • 11