4 Factors to Consider When Shopping for Pilot Insurance - By: George Murphy

You made it happen, you became a pilot. From the guys that fly commercial jets, to the weekend warriors taking their buddies to the remote fishing spot, you are all part of the special fraternity, that elite group of pilots. While your backgrounds and reasons for flying may be different, you all need to protect your investment by purchasing Pilot Insurance.

By considering these 4 factors when shopping for pilots insurance, you can successfully navigate common aircraft insurance pitfalls, and choose the provider that meets your needs.

1. A Pilot-Centric Insurance Provider

When looking for pilot insurance, it is important to choose a company that understands pilots and their unique needs. Don’t get lumped into that catchall ‘pilot-category’ by working with a company that doesn’t specialize in airplane insurance. By choosing a specialized Pilot Insurance company, you get a plan tailored to your specific piloting practices and lifestyle. This will allow you to lower your premiums while ensuring that you, your passengers, and your loved-ones are truly covered.

2. Direct Writer Pilot Insurance Company

Seek out a direct writer company instead of an independent agent when shopping for pilots insurance. Direct writer companies employ non-commissioned professionals who specialize in their company’s aircraft insurance policies. Remember, pilot insurance policies are non-standardized, so it is imperative that you deal with a professional intimately familiar with the nuances of the many coverages and policies available today.

3. Availability of Discounts

While choosing a pilot insurance plan tailored specifically to your needs is the first step to lowering your premiums, additional discounts are out there. Look for aircraft insurance companies that offer programs that reward pilots for participating in training designed to improver their piloting skills. Participation in these programs can lower your premiums by 5-10%, and many pilot insurance providers offer multiple programs that can be combined for significant discounts.

4. High A.M. Best Rating

An airplane insurance company’s A.M. Best rating is a measure of the company’s financial strength and its ability to pay claims. Ranging from A++ to F, why put your future in jeopardy by working with any pilot insurance company without a ‘Superior’ rating?

Remember, you took the steps necessary to earn your pilots license. If you take the time to carefully consider these 4 factors when shopping for Pilot Insurance, you can be rest assured that you did your due diligence in selecting a policy and provider that meets your needs.

About the Author

Avemco is a leading national provider of Pilot Insurance, Airplane Insurance, and Aircraft Insurance. Offering on-spot quoting and short, easy to read pilot insurance polices direct from the source, Avemco has been meeting the needs of general aviation pilots for over 40 years.

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