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Deflation in Aviation Insurance? Aircraft owners should appreciate the fact there’s FOUR new aviation insurance companies this year. In July’s Market Update, we reported that there were 3 new insurance companies, but that total has now grown to 4 with a new entrant -...

Properties, including aircraft, are susceptible to damages caused by accidents and other factors. Hence, there's a need for an insurance policy to protect owners against unforeseen accidents. When insurance providers pay the insured in such events, they shoulder the...

The Federal Aviation Authority (FAA) broadly groups pilots into non-commercial and commercial categories. Amongst other pilot classifications under the non-commercial category are private and recreational pilots. While recreational pilots and private pilots both fly...

Part 141 of the Federal Aviation Requirements (FAR) provides an alternative to Part 61. Although Part 61 is more flexible, making it an excellent option for part-time students, it requires more flight hours for a training pilot to be certified. Part 141 flight schools...

If you aspire to become a pilot, you must pass tests and training, but the required training usually differs depending on the type of pilot you want to be. Two popular types of pilots are private pilots and commercial pilots.  Both pilots operate for different...

At times, you may have to loan your aircraft to another pilot for one reason or another. If there are damages or, worse, hull loss during the lease period, your pilot warranty in your insurance policy will determine if, or if not, your insurer will cover the claim,...

More Aviation Underwriters Inbound! The pool of aviation insurance companies continues to grow, especially for the mid to light aircraft market. Below are some blog updates I did that should help some of your clients navigate through the owner flown insurance market....

BasicMed, as an alternative to third-class medicals, has become a haven for several pilots, and thankfully, this new medical privilege has allowed many pilots to fly again. While BasicMed generally covers private and recreational pilots, the aircraft limitation...

Pilots, aircraft owners, manufacturers, and everyone in the aviation industry constantly face risks of different kinds, and insurance coverage is the best way to counteract such risks. Over the years, several insurance companies have cropped up, providing insurance...

Since the introduction of BasicMed as an alternative to the more stringent third-class medicals, over 80,000 pilots now fly under BasicMed. Undoubtedly, it has been a blessing to the aviation industry, especially to older pilots who were initially unable to fly. ...

Owning a private plane can be an exhilarating experience, offering unparalleled freedom and convenience. However, it's crucial to understand the financial obligations that come with it, one of the most important being insurance. The cost of insuring a private plane...

The aviation industry continues to grow rapidly every year, with more pilots getting certified and more aircraft being built. With the industry's rapid growth comes an increase in risk, both in flight and on the ground. Unfortunately, aviation insurance companies are...

The 6 Different Types of Pilot Licenses  If you ever have dreams of flying an aircraft or are about to take the bold step, you need a license to operate a registered aircraft. In the U. S., different license types are obtainable, allowing you to fly in different...

Several health conditions can make flying unsafe, and this is a significant safety concern. As a result, the aviation body requires pilots to undergo medical tests to determine if they are eligible to fly.  There are several classes of certification, but...

BasicMed is an alternative to the third-class medical certificate. It allows pilots flying as PICs to fly without holding an FAA certificate as long as they meet the BasicMed requirements.  In July 2016, The U.S. Congress passed legislation, enforcing the FAA...

Anything new with Aircraft Insurance lately? We’d like to report light to moderate turbulence for the aircraft insurance market outlook in May 2023. The general consensus is rates are supposed to continue increasing but we’ve actually seen the market flat and...

There are recent changes to the insurance requirements for Embraer and Phenom aircraft pilots at CAE SimuFlite. CAE now requires that pilots provide a certificate of insurance with a liability limit of $50 million for commercial use and $20 million for personal use,...

Here’s the 1%, 2%, 3% rule for piston aircraft insurance premiums. For me it's easier to visualize the premium with a % vs. $ sign. Cirrus SR22: Cirrus SR22 Hull Value $800,000 @ 1%, PRIV INST Pilot = $8,000 Cirrus SR22 Hull Value $800,000 @ 2%, PRIV working on INST =...

Good Luck in 2023 and Let’s Do Some Deals Quick market update for aircraft insurance in February 2023. Steady, as she goes. MakeModelType of PilotHull ValuePremiumDiamondDA62Owner Pilot Transitioning from Cessna 182T$1,400,000$23,000Honda Jet EliteOwner Pilot 73...

Recent Aircraft Insurance Quotes Quick market update for aircraft insurance in December. More insurance companies have been renewing their reinsurance; rates have been increasing significantly for insurance companies to purchase insurance for themselves; Likely to...

Recent Aviation Insurance Quotes for Work Comp, Products, Excess, GL, FBO, Airport, Property, and Drones Quick market update for Aviation insurance in January 2023. Has your Workers' Compensation carrier non-renewed your Aviation accounts? Sunset Aviation Insurance...

Recent Aircraft Insurance Quotes Quick market update for aircraft insurance in December. Insurance companies start to renew their reinsurance treaties between December and February. I’ve heard there’s some big increases in their premiums which will be passed along to...

Learning how to fly can be an incredible experience, both thrilling and challenging. While students gain a newfound sense of freedom in the sky, they must also remember that one wrong move can have serious consequences. Student pilots often think that their...

Recent Aircraft Insurance Quotes We’ve seen the aircraft insurance market start to flatten recently. Policy premium increases are slowing down, with the exception of pilots with policies that were below market rates. Some pilots with great resumes have actually seen...

When it comes to aviation insurance, underwriters utilize large data sets to determine their risk exposure for a given policyholder. Recreational and private pilots 70 years and older often face steep rate hikes, while others may get dropped from their policy...

Explore our comprehensive list containing over 1000 flight schools, aircraft manufacturer & model, and don’t forget to check out the best Part 141 flight schools. Beech Aircraft 1900 Name of SchoolLocationPhoneFly Right, Inc.Concord, NC(704) 720-9623 Beech...

CAE and Starr Insurance Partner on Single-Pilot Jet Program At NBAA’s 2021 annual convention, aviation training giant CAE announced a unique partnership with Starr Insurance Companies devised to help single-pilot jet owners who are not professional pilots attain and...

Ben Peterson, founder of Sunset Aviation Insurance, will be on site at NBAA’s new Owner/Single-Pilot Operator Pavilion on October 12-13, 2021 in Las Vegas. Available by appointment at 561-210-0244, Ben will answer questions about aviation insurance and discuss topics...

Obtaining and keeping your high hull-value business aircraft insurance is getting increasingly difficult in the hardened post-Covid market. With aviation claims costs skyrocketing amid the ever-increasing cost of labor and materials in repair shops, not to mention the...

Buying aircraft, especially pre-owed aircraft, is rough right now. Opportunities and inventory are very low despite a pandemic. I did a little research on what may have contributed to this tight this market and thought I’d share what I learned, along with a few tips I...

No question about it, we’re experiencing rising aviation insurance rates. Even if you have experienced no claims and your aircraft is decreasing in value, you’ll see that number climb. I’m often asked why rates are going up and what someone can do about keeping them...

If you loan out your aircraft—whether on an informal basis to a buddy or formally through a dry lease—does your insurance still cover the hull and liability when another pilot is at the controls? Maybe yes, and maybe no. This is the kind of thing you want clarified...

Bombardier Challenger 605 (N605TR) of Tarco Aircraft Funding LLC seems to have gone out of control and crashed amongst trees on the Ponderosa Golf Course while on final approach to Runway 11 at Truckee, California on July 26, 2021, killing all three on board. The...

Recently I have visited TBM Owners and Pilots, Citation Jet Pilots, and Cirrus Now. The topic that was prevalent at all three events was how the insurance market is changing and some people’s rates are up over 50%, whilst others haven’t increased at all. One important...

https://youtu.be/ZXrsqzOrJoo

It’s getting toward the end of a long day and you’re getting ready to go flying. You know this is the time to be at your best—bright-eyed and bushy-tailed, as the saying goes. But maybe your allergies are catching up to you and your eyes are feeling tired and itchy....

It was hard not to notice the premium rate increases across the board when aircraft owners and operators started receiving their 2021 insurance renewals. For many, this marked the second or even third year of consecutive rate increases ranging from 10 to 100 percent....

While there’s not much a flight department manager can do about the rising cost of airplane insurance currently, Benjamin Peterson of Sunset Aviation shares tips on how to qualify for the best premiums available… You’ve probably already noticed an uptick in aviation...

For crew aircraft/turbo jets ie) Gulfstream, it's safe to say assume that both pilots are going to be required to complete annual simulator training in the same make and model aircraft at one of the approved simulator training facilities such as Simcom, CAE Simuflite,...