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Aviation Insurance Update 4Q 2017

The latest edition of The INS Navigator has hit the streets! Whether you want to catch up on the latest happenings at HOPE or increase your knowledge about hangar contracts, duties of the Named Insured, or hurricane relocation expense, we’ve got it covered here. Click here to view our 4th quarter 2017 newsletter! 

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Aircraft Hangar Agreements

It goes with the territory. Airport territory, that is. If you want to have your aircraft in a hangar – and your insurance company certainly prefers it – then you will likely be looking at the business end of a tedious detail known as the aircraft hangaring agreement or hangar contract. There are several points…

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Online Commercial Drone Insurance Portal Now Available!

Hope Aviation Insurance is pleased to announce the availability of a new online portal for insuring commercial drones. Underwritten by a leading provider of worldwide aerospace insurance, Global Aerospace, the portal is “designed to provide drone owners and operators the ability to quickly and efficiently purchase an annual policy online and pay securely via credit…

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Key Insurance Topics

Stuart Hope reviews key topics published in past issues of AvBuyer Magazine. WAR RISK & TRIA Purchase of the insurance coverage known as War Risk Perils is a no-brainer. For a small premium, you have protection for roughly 25 excluded war perils. If the premium to include TRIA coverage is not expensive (and it usually isn’t), I would…

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HOPE Christmas Service Project

The Hope Aviation Insurance crew was pleased to partner this year with The Salvation Army of the Midlands for our annual Christmas community service project. We spent the afternoon sorting and selecting toys that will be distributed to Columbia-area families in need this Christmas season. Since 2013, our staff has elected to forgo the traditional…

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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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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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Terrorism Risk Insurance Act

  A primer on the Terrorism Risk Insurance Program Reauthorization Act of 2015, and how it impacts business aviation, as published in the January 2016 issue of AvBuyer Magazine, by Stuart Hope. With passage of the Terrorism Risk Insurance Program Reauthorization Act of 2015 (TRIA), the Act is now extended to expire December 21, 2020.…

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2015 BizAv Insurance Recap

  Looking at Aviation Insurance Lessons in the Rear View Mirror It’s important that pilots receive annual recurrent training. It’s equally important that aircraft owners receive recurrent training in the financial aspects of ownership including insurance, asserts Stuart Hope in this review of 2015 issues in the December edition of AvBuyer Magazine. Somewhere north of…

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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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