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Aviation Insurance Coverage Best Practices

Improving on Your War Risk Coverage

Insurance Coverage for War Risks, Hijacking & Other Allied Perils Stuart Hope dissects War Risk insurance and explains how to make it watertight in the October 2016 issue of AvBuyer Magazine. Every aviation insurance hull and liability policy contains a blanket exclusion for all war risk perils. Prior to the events of 9/11, coverage for…

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Per-Occurrence War & TRIA Liability Insurance

Upgraded to a “Buy” Recommendation Observing increasing volatility throughout the globe, Stuart Hope recommends that owners of business aircraft consider purchasing optional coverage available through War Risk insurance and provisions of the Terrorism Risk Insurance Act (TRIA) in the August issue of AvBuyer Magazine. Liability coverage under an aircraft insurance policy has two separate components:…

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FAR Violations & Insurance Exclusions

When Can a Business Aviation Claim Be Denied?  Aircraft owners and pilots should be aware there are some instances when violation of an FAR can be grounds for a claim denial by the insurer, cautions Stuart Hope, in the July issue of AvBuyer Magazine. The Federal Air Regulations (FARs) are a body of rules specified…

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The BizJet Insurance Policy Time Bomb

When insuring your business aircraft, being too casual can result in painful surprises, cautions Stuart Hope in the June issue of AvBuyer Magazine. Many uninformed aircraft owners view their aircraft insurance no differently than their auto, homeowners’ or commercial business policies. They consider coverage a necessary evil of doing business and put little energy into…

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Flying to Cuba?

Be Sure To Do Your Insurance Homework Before You Launch! Recent changes in the relationship between the United States and Cuba have everyone talking about travelling to that island nation before the inevitable “march of progress” changes it forever. Stuart Hope cautions to prepare properly in his latest article for AvBuyer Magazine. In 2009 the…

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BizAv’s Little Known, Little Used Coverage

What You May Not Have Heard About Lay-Up Insurance by Stuart Hope as published in the April 2016 issue of AvBuyer Magazine A little known and little used coverage under a corporate aircraft insurance policy is the lay-up credit. It doesn’t often come into play but in certain circumstances can return premiums to you that otherwise…

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Insurance Issues for Aircraft Dealers & Their Clients

  Aircraft dealers should take the time to understand and address insurance issues before adding a client’s aircraft to their fleet coverage. Owners seeking to sell their aircraft also should pay heed as it’s not as simple as it may seem, advises Stuart Hope in the February 2016 issue of AvBuyer Magazine. Consider the following…

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Flight Department Insurance Budgeting

In the September 2015 issue of AvBuyer Magazine, Stuart Hope reminds us why it’s prudent to take a fresh look each year at the flight department’s insurance budget and coverage elements.  One of the most common and useful tools for running any business is an annual budget. Since Flight Departments are very much a business in…

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Who Needs to be Additional Insured?

As Featured in World Aircraft Sales Magazine Bad News: Your engine has ingested a bird on take-off which puts your own “bird” on the ground until the engine can be repaired. Thankfully, the engine manufacturer has a loaner program. You ship them your damaged engine for repair and they ship you a loaner-engine so you…

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Approved Use: It Matters!

June article in World Aircraft Sales Magazine reveals why careful attention must be given to your policy’s Approved Use. In 2005, a Challenger 600 ran off the departure end of New Jersey’s Teterboro Airport (TEB) at a ground speed of about 110 knots; smashed through an airport perimeter fence; carried across a six-lane highway (where it…

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