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Buyer’s Guide for Aviation Insurance

2018 Market Outlook

Harvey. Irma. Maria. Otherwise known as “HIM.” Together with California wildfires, these catastrophes will leave the commercial insurance market paying out over $100 billion for claims. What does this have to do with aviation insurance? Plenty. Many of the same capital and companies that participate in the aviation marketplace also write commercial property policies that were affected by HIM.…

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Pilot Shortage & Insurance

Well, it’s just now beginning to impact insurance. The pilot shortage, that is. After years of debate, it appears a bona fide lack of highly-experienced pilots might be closer to reality. Many business aircraft operators we talk to are having a harder and harder time finding and keeping talent in the cockpit. This is becoming directly…

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Beware Lending Your Jet to Friends!

In BizAv Insurance, no good deed goes unpunished. While saying ‘yes’ when asked to use your aircraft might seem like the right thing to do, be very careful warns Stuart Hope in the November issue of AvBuyer Magazine. When you own an aircraft your number of ‘friends’ will magically increase. You receive calls from acquaintances…

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Insurance and Aircraft Charter / Management

Risk Management of a Complex Enterprise Contracting with an Aviation Management Company to handle the complexities of aircraft operations is a wise decision for many owners, but such arrangements still require adequate insurance, cautions Stuart Hope in the September issue of AvBuyer Magazine. When you purchase an aircraft for the first time, you discover that…

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Facts on Insuring Helicopters

The Whys and Wherefores of a More Expensive Coverage by Stuart Hope Although both seem to defy gravity, rotary-wing and fixed-wing aircraft are completely different – as is insuring them. In February 2016, a tour helicopter in Hawaii carrying four passengers experienced an apparent power failure near Pearl Harbor, forcing the pilot to attempt an emergency…

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The Challenge of Drones

  A recent drone accident that caused injuries to a bystander increased pressure on the FAA to regulate this exploding technology and raised questions regarding how the insurance industry should address the risks presented by unmanned aerial vehicles, says Stuart Hope in the November issue of AvBuyer Magazine. Lyrics from the 1970s hit song by…

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BizAv Insurance Caveat Emptor!

  Because aviation insurance is a product that many buyers do not understand, beware of misleading advertising and unscrupulous tactics, warns Stuart Hope in the October issue of AvBuyer Magazine. An owner of a Falcon 900 and one of my clients recently forwarded me an email he had received from an individual claiming to be…

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War and Terrorism Coverage

Insurance as a means of risk transfer provides many benefits to a modern society. Benefits like peace of mind, support of lending credit for business growth, and the efficient use of capital resources, to name a few. However, insurance as a mechanism for risk transfer was never intended to cover fundamental risks. Examples of fundamental…

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Two’s a crowd…? Can Two Pilots Be One Too Many?

As published in World Aircraft Sales Magazine, March 2013 If your aircraft is approved for single-pilot operations and your insurance carrier is unaware that your company is using a copilot, Stuart Hope advises extreme caution. Second in Command (SIC) pilots flying aircraft certified for single-pilot operations present a situation that warrants special consideration regarding insurance…

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Broker Of Record Letters: Handle them with care!

By Stuart Hope, as published in World Aircraft Sales Magazine (April 2013) The Broker of Record (BOR) letter is one of the most powerful and abused documents in the insurance industry. Unfortunately, many less-than-scrupulous brokers convince lay insurance buyers to sign this document without explaining exactly what it accomplishes, cautions Stuart Hope.  Let’s look at…

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