Switching aviation insurers can seem like a straightforward decision, especially if you’re looking for better rates or more comprehensive coverage. However, there are several potential downsides to consider before making the move. Here are some key points to keep in mind:
While switching aviation insurers can offer benefits like lower premiums or better coverage, weighing these against the potential downsides BEFORE you switch is essential. Carefully review the terms and conditions of any new policy with your AssuredPartners Aerospace broker to ensure the change is in your best interest. Everyone wants a lower premium, but insurance is a ‘foreign language” to most consumers, so lean on your broker to help guide you to an educated decision.
Contact us today! or visit us at assuredpartners.com/aerospace.
The physical damage coverage on your airplane is a fixed amount of exposure. That is, the maximum you stand to lose is the value of the aircraft, which is known. However, with liability insurance,...
Flying to Mexico can be an exciting adventure, whether for business or pleasure. However, it’s crucial to understand the insurance requirements to ensure a smooth journey. One common question pilots...
Although not required, many owners of single-pilot jets prefer to have two pilots up front for safety reasons. Given the current pilot shortage, finding qualified pilots has become exceedingly...