Aircraft Insurance Services
Aircraft Insurance Tips
That’s Just The Way It Is — The Unexplained Protocol Of Aviation Insurance
In uncertain times like these, when insurance rates are skyrocketing and good coverage is hard to find, aircraft owners and pilots have lots of questions for their insurance agents. We answer these “Most-Often-Asked Questions From Clients and Friends.”
Territorial Limitations — What Does My Aviation Insurance Policy Impose?
Think you’ve got everything you need for that Caribbean trip? Looked up that insurance policy, just to make sure? Be careful — your insurer’s definition of “the Caribbean” may not include the particular island to which you’re flying.
War Risk Insurance – Misunderstood & Under Appreciated
The aftermath of September 11 will affect all of us, sometimes in ways that we might not expect. One of the ramifications that is sure to be felt throughout the aviation community is the restricted availability of insurance coverage for losses resulting from terrorist acts. Commonly referred to as “War Risk Insurance,” the coverage was once available at little or no additional cost. Times have changed. You need to know the nature of these risks, the availability of applicable insurance, and the prudence of purchasing such coverage in today’s insurance market.
Risk Management 101
Whether you’re in a business environment or making the “go/no-go” decision, eventually it all comes down to managing the various risks to which you could be exposed. The same is true when deciding on insurance coverage and assigning risks among owners, business partners, contractors and subcontractors. CS&A Aviation Insurance discusses the various considerations involved in minimizing and managing risk as well as the many options available.
Diagnosing a Hull Claim.
One of the more heartbreaking events to confront an aircraft owner is when something totally beyond the owner’s control happens to her pride and joy. From hangar rash to outright theft, this is why we buy hull insurance, right? Well, maybe. What might appear to the owner as a clear claim for reimbursement might not look the same to the insurance company. Similarly, a situation seemingly beyond the scope of your policy might be covered — it’s all in the fine print.
Insurance and the Future of Aviation.
In early 2000 at least three underwriting companies stopped insuring small flight schools, FBOs and repair shops, while others have increased premiums sharply. If the trend continues, it may not be long before such businesses simply cease to exist. What does this portend for the future of general aviation and pilot training?
Does Your Hangar Lease Void Your Insurance?
Read about why you should let your aircraft insurance underwriter review your hangar lease agreement.
Insurance For Use Of Non-Owned Aircraft
If you rent, charter, borrow, test-fly, ferry, instruct in, or take instruction in an aircraft that you do not own, you very well might need “non-owned aircraft” liability insurance.
Frequently asked questions related to selecting an insurance agent and developing underwriting information.
Insurance Concerns When Traveling Outside The U.S.
Most aircraft owners who fly outside the U.S. check to make sure their aircraft insurance will cover them. But, aircraft insurance may be the least of your worries. If you become sick or injured while abroad, for example, will your medical insurance cover you? Will foreign medical intitutions accept insurance reimbursement? If you’re travelling on business, are you covered by worker’s comp while abroad?
What are “EXPANSION COVERAGES”
Ways in which some (but not all) insureds can maximize their coverages at little or no cost.
Selecting An Aviation Insurance Agent
Why can’t an aircraft owner shop among two or three different brokers to get the best quote? What’s the scoop on “exclusive quotes” and “broker-of-record letters” and whose interests do they serve? What’s the procedure if I’m unhappy with my agent and want to change?
Are You Covered? Some Common Misconceptions
Many aircraft owners don’t read their insurance policies until after they have a loss. Then, they’re often shocked to discover that their loss isn’t covered, although they were sure it would be. Here are a few common misconceptions about coverage, and what you might look for in the fine print.
Professional “Contract” Pilots – Are You Protected?
Being an approved pilot does not necessarily mean the pilot has insurance protection.