by Ben Peterson | May 24, 2023 | Aircraft
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...
by Ben Peterson | May 24, 2023 | Aircraft
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...
by Ben Peterson | May 1, 2023 | Aircraft
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...
by Ben Peterson | Apr 25, 2023 | Aircraft
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,...
by Ben Peterson | Mar 24, 2023 | Aircraft
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...
by Ben Peterson | Feb 20, 2023 | Aircraft
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...
