by Ben Peterson | Nov 4, 2024 | Aircraft
What is the new max age for single pilot turbine powered aircraft? In 2020 – 2022 the max age for single pilot turbine powered aircraft was 75 years old. In 2023 that age started to trend up to 78. Now in 2024 it’s topped out at 80 years old. I don’t see how it...
by Ben Peterson | Oct 11, 2024 | Aircraft
Does your aviation insurance broker go to bat for you? We’re seeing the market continue to soften. We’re getting 3-4 quotes per client renewal. Similar to what we were seeing back in the soft market between 2010 – 2017. What’s the difference today? There still...
by Ben Peterson | Sep 4, 2024 | Aircraft
Have things started to get volatile in aircraft insurance again? Nothing is given to you. You have to earn it. Same goes for aircraft insurance renewal premiums. Don’t just expect decreases because people have spoken about the “soft market.” Competition drives...
by Ben Peterson | Aug 6, 2024 | Aircraft
What are the most common topics for aircraft insurance today? In-Aircraft Training vs Simulator for turbine aircraft. What insurance companies approve which? Typically the higher the value like $10M+ and they prefer sim training. Same goes for the liability limit....
by Ben Peterson | Jul 1, 2024 | Aircraft
The market has gone flat – 🌊🌊🌊 We’re still getting a lot of calls from aircraft owners out there getting increases in premium this year. Why is that? Probably because their premium is somewhat competitive or their broker hasn’t been able to attract competition...
by Ben Peterson | May 31, 2024 | Aircraft
What’s going on with Aircraft Insurance? We’ve heard a lot about competition and the aviation insurance market turning towards a soft market, which is true, but it’s also a bit divided. Soft areas of the market: Low limits – sub $2,000,000 hull value and...
