Airplane Insurance Top Brokerage Offers Liability & Hull Coverage Tips For Best Rates

Airplane Insurance Top Brokerage Offers Liability Coverage Tips For Best Rates

Buying a private aircraft?

Part of your job is sorting your plane insurance as quickly as possible.

BWI Aviation Insurance has released the new guide precisely because insurance concerns, which are especially complex in aviation, are typically given scant consideration until after a purchase has been finalized.

While 2020 saw a dip in private aircraft purchases, the continuation of the pandemic and pent-up demand have led to a sharp spike in orders in 2021 for both used and new aircraft.

In the guide, BWI Aviation Insurance recommends that buyers find an insurance broker as soon as they have narrowed down the make and model of the aircraft they intend to purchase.

Insurance training requirements vary widely according to the type of plane a policy is being written for.

A qualified, experienced aviation insurance broker can make a recommendation based on your profile, history of flying, and the specific model of airplane you are considering.

BWI is a family-owned, nationwide insurance brokerage that has served the aviation insurance industry - from gliders to helicopters to multi-engine turbine aircraft - for over 40 years.

The company pioneered the Robinson Helicopter program and developed the country's first, and to this day most successful, Cessna 180/185 insurance program.

"People tend to get ahead of their skis when buying a plane," said a BWI spokesperson.

"Buying a plane is very exciting but people sometimes get sticker shock after the fact if they chose one model over another. That’s why we wrote this report - to encourage people to address this part of the equation upfront."

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