AOPA will be closing at 2:30 p.m. EDT, August 29th, in observance of the Labor Day Holiday. We will reopen on 8:30 a.m. EDT, Tuesday, September 2nd.
July 22, 2013
Your first task is to compile a list of aviation insurance companies with a good track record. The best place to start is with operators of similar aircraft. Once you get some recommendations, research those companies’ website for information about their underwriters.
Look for companies with higher AM Best and S&P financial ratings. These insurers can, and typically do, charge a higher premium for their policies, but only because they can, and typically do, provide more responsive claims service.
The best insurance brokers deal with underwriting companies every day on multiple aviation risks and have large books of business with each, giving them more buying power. Plus, they’ll know which underwriter at each insurance company is the most reasonable to deal with for a specific type of aircraft, what a competitive rate should be on a particular account, what coverages are available at no charge, and how hard to negotiate.
Here are a few good questions to ask yourself as you consider prospective brokers:
For more information please visit AOPA Insurance Services online.
Brenda J. Jennings, senior vice president of AOPA Insurance Services, is an aviation insurance professional with more than 35 years of experience.
AOPA Products and Services,
“I never went to an FBO I thought was fun,” said Michael Thayer. Determined to change that, he opened Flying Tigers Aviation at Chino Airport in Chino, California, in June 2013.
HondaJet designer (and Honda Aircraft Co. CEO) Michimasa Fujino is being honored by fellow engineers for his innovation.
The Brown County Flying Club is the one of the newest available to pilots in South Dakota.
VOLUNTEER AT AN AOPA FLY-IN NEAR YOU!
SHARE YOUR PASSION. VOLUNTEER AT AN AOPA FLY-IN. CLICK TO LEARN MORE >>>
VOLUNTEER LOCALLY AT AOPA FLY-IN! CLICK TO LEARN MORE >>>
BE A PART OF THE FLY-IN VOLUNTEER CREW! CLICK TO LEARN MORE >>>