Stay covered for as long as you intend to pilot an aircraft
As you get older, you may want to consider selecting an insurance company to insure you for as long as you intend to pilot an aircraft.
While, in most cases, aviation insurance companies will renew coverage for an active, current, and loss- and violation-free pilot, they may also have a pilot age limit beyond which they will not provide quotes for new business. Consult an experienced aviation insurance specialist about how various companies may apply such restrictions and factor this into your policy selection.
Avoid the ‘unique’ aircraft trap
While companies may not decline renewal coverage based on age, their underwriting guidelines for aircraft are always subject to change. If you own an older or unique aircraft, one day your insurance company may choose to stop writing that particular make and model. And if you are beyond a certain age, this could mean you would no longer be able to obtain insurance. Additionally, you want to ensure that the underwriters will continue to be “OK” with your choice of airports. For example, a sod field and retractable-gear aircraft may one day fall outside their underwriting guidelines. Talk with your insurance specialist for advice on making aircraft and airport choices that will stand the test of time.
Keep more than your medical current
Of course, you’ll want to keep your medical current. But it’s also important that you keep your logbook updated. Regardless of pilot age, your insurance company will want to see your logged flight hours along with your renewal application. Finally, it’s important to apply this same principle of keeping current in your aircraft as well. Regular, scheduled maintenance not only keeps your plane airworthy, it also keeps your insurance coverage renewable.
Choose an agency that specializes in aircraft insurance
At the AOPA Insurance Agency, personal and business aircraft insurance is all we do. We know the aviation insurance market and the factors that drive it. And our brokers are well equipped to advise pilots of all ages on a wide range of insurance issues. Plus, as a part of AOPA, we’re always advocating for your right to fly—regardless of age. We’re the aviation specialists who will treat you like “members,” not just customers.
Call us today for your free quote at 800/622-AOPA (2672).
June 5, 2008