Aircraft 

Aviation Insurance

Aviation Insurance came about in the early years of the 20th Century. Lloyd's of London wrote the first aviation insurance policy in 1911. Since then, insurers have come and gone. The industry has been volatile due to the everchanging complexity and evolution of the aircraft flying our skies and changing industry standards. Simply put, it's hard to keep up. It takes a lot of resources and the number of private aircraft owners in the United States and elsewhere is still a small percentage of the total population of any country. Unlike automobiles, owned by practically everyone, aircraft are owned by a relatively small number of people. This makes insurance rates for aircraft much more expensive for owners.

Insuring an aircraft (even a Vans RV kit plane) is often expensive and insurance claims adjusters in this type of insurance can be very slow and often, just plain wrong in their assessments. If you are ever in need of an adjuster, hire your own aircraft insurance adjuster. You may find yourself better off.

Here are several aircraft insurers that you should look into: From experimental aircraft to standard category aircraft, from gliders to warbirds, and from vintage airplanes to light sport aircraft, the EAA Insurance Plans make aviation insurance accessible and affordable. Additionally, the EAA Plans also include special insurance for EAA Members who are building or restoring aircraft. The staff includes dedicated brokers with almost 50 years of aviation insurance experience amongst them. This alone has earned them the respect of most underwriters and should tell you much about the actual state of the industry.

PIM Aviation Insurance has been around since 1982. It has a rich history of insurance brokerage and risk management service for the aircraft industry. It insures pleasure, commercial and business aircraft, FBOs, aircraft and parts manufacturers, ag aviation and airline operations and prides itself on its creative problem solving and negotiation methods. General aviation insurance companies will base your costs upon the value of your airplane. They often suggest that people try to own their aircraft by taking title through their corporation name instead of their personal name because corporate charter rates per $100 is often much less exensive than personal aircraft insurance. Every situation is different of course but their reps have good ideas.

One of the oldest and largest aviation insurance companies is NationAir in Chicago,Il. They have offices at many of the regional airporta throughout the United States.

Aviation Unlimited Agency has been specializing in aviation insurance since 1986. Seems like everyone there has to be a licensed aviator. Underwriters use the age of an aviation insurer to rate the risk of the company.

AIR was created as a result of a changing market, by industry leaders and experienced professionals who average more than 20 years in the aviation insurance business. All AIR representatives are pilots and know what owners are looking for. Their Aviation Department will negotiate on your behalf in what has become a highly complex and ever-changing Aviation Insurance marketplace. Each member of the department is a licensed pilot and passionate aviator in addition to an insurance broker.

Johnson Aviation Insurance is one of the largest independent aviation insurance brokers in the country.

The Aviation insurance is not as uniformly regulated by the Government as other types of insurance. Thus, aviation policies differ and it is necessary to review a specific policy with reference to a particular accident to determine the nature and extent of any coverage. Good luck.

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