Improving Value and Helping to Protect Your Interests: A Guide to Aviation Insurance

What does greater peace of mind cost at 10,000 feet?  For aircraft owners, aviation insurance is more than just a policy. It is a strategic risk management tool that can help protect more than just the aircraft.  

When it comes to insuring aircraft and aviation related operations, many aircraft owners focus primarily on insuring the asset itself. This is important, but it is also important to ensure the right coverage is in place to help protect owners, their families, their businesses and their estates. There are a multitude of factors that help find the right coverage for the right price. 

Work with a Specialist Who Knows the Skies

Our clients come from a broad array of background and experience. They have become experts in their chosen professions.

Partnering with the right aviation insurance professional can help you identify potential risks and ways to manage coverage that you may not have thought about otherwise. Aviation insurance is our chosen profession. We have the right expertise and are focused on the insurance needs of our aviation clients—which means we understand the landscape of aviation risks, carrier appetites, and market challenges.  

Our job is to help our clients understand the risks associated with their aircraft and how they utilize it, and then to find the right insurance solution to help protect them accordingly. If the day should come when you need to file a claim, we want your coverage to respond as expected.

Avoid Contract Pitfalls: Align Your Coverage with Your Agreements

While we want to make sure that you have the right coverage in place for your aircraft, there are often contractual implications to consider for almost every placement. We can help ensure that your insurance policy aligns with any other related aircraft contracts you may have in place.

Common related agreements may include:

• Loan agreements
• Lease agreements
• Hangar or FBO contracts
• Partnership or dry lease structures

During your needs assessment, we can help you find the right insurance solution and uncover any additional needs that you may not have considered. It may be contractually required coverage or an exposure that is not covered under an existing policy. 

Whatever the need may be, we aim to be a trusted advisor in your aviation journey.

Pilot + Aircraft: The Combination That Can Affect Your Aviation Insurance Premium

Pilot experience and ratings in the specific aircraft, or similar class and category of aircraft, are key data points when it comes to placing coverage. Providing details on any upgrades and updates to the aircraft, as well as detailed maintenance history, can be helpful, especially when justifying the hull value and determining premium at the right price.

With some aircraft, insurance companies and/or the FAA will require a certain amount of training. However, many of our clients go well above and beyond minimum requirements. Details about training history, maintenance, upgrades, and aircraft modifications can all help in finding the right coverage at the right price.

While we do our best to help find the insurance solution to address your specific risks, there are certain aircraft and pilot combinations that can make insurance placement more difficult. Regardless, our goal is to provide you options for the aircraft that you want to own and that suits your typical mission.

Conclusion

Aviation insurance is not just about checking a box; it is about helping to protect your aircraft, your business, and your family.

By working with a professional who has the right aviation expertise, you can gain a trusted advisor to help you navigate the insurance process. Whether you are acquiring your first aircraft, expanding your fleet, or transitioning to a new type, we are here to help you make confident, informed decisions.

Your aircraft deserves protection that works as hard as you do. Let us help you find the right aviation insurance solution for whatever mission lies ahead.