Aircraft Insurance Outlook – February 2024
Sunset Aviation Insurance Blog
by Ben Peterson
2w ago
Things are heating up in aircraft insurance. Let’s GO! January and February are slower months for us and a time to reflect and create new goals for 2024 The aircraft insurance market is starting to heat up with competition. Check out the below % move and you’ll see some price reductions that have been foreign to us for the past five years Changes in the market: Beacon Aviation Insurance has a new 6 month policy program for transition pilots into expensive aircraft where they can be re-rated or shopped after 6 months so they’re not stuck into a 12 month policy with higher rates Changes in the ..read more
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Aircraft Insurance Outlook – January 2024
Sunset Aviation Insurance Blog
by Ben Peterson
1M ago
Happy New Year 2024. Problem, Solution, Repeat Aviation Insurance continues to stabilize with 4 new aviation insurance companies in 2023 Toughest/Hardest/ Highest Rates Areas of the Market: 70+ Year Old Pilots, Old Aircraft Pre 1985, No Current or Previous Relationship with Aviation Underwriters  What’s Changing? Lower Time Transition Pilots into Turbo Props or Turbo Jets is Getting Easier to Insure; ie) 800 Hours Total Time Pilot Transitioning from a Diamond DA62 into a Phenom 100 Advice: The best way forward is to maintain a close relationship with your aviation insurance broker and ..read more
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Aircraft Insurance Outlook – November 2023 – “competition”
Sunset Aviation Insurance Blog
by Ben Peterson
3M ago
The new aviation insurance companies are starting to get COMPETITIVE! Check out these rate reductions IAT has been very competitive for Owner Flown Single Pilot Turbine, Pilots must be less than 70 years old for new business though Mach 2 is a good new market for aircraft less than $3,000,000 and Student Pilots, Transition Pilots Eiger Insurance is good for older aircraft, unique flight operations, Helicopters, Student Pilots, Transition Pilots Applied Underwriters has brought good capacity to the market for Quota Share follow and Turbine Aircraft, Pro Pilot, Single Pilot, Part 91 Operations ..read more
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Aircraft Insurance Outlook – October 2023
Sunset Aviation Insurance Blog
by Ben Peterson
4M ago
What are the hardest areas of the aviation insurance market? 70+ Year Old Pilots is for sure #1 Transition Pilots from a Light Aircraft into an Expensive Turbine Transition pilots into Expensive Aircraft with less than 1,000 Total Time or Low Time in General Piaggio, Epic LT (Experimental), Lancair There’s new aviation insurance companies BUT they’re starting out conservative. In August’s Market Update, we reported that there were 3 new insurance companies, but that total has now grown to 4 with a new entrant. These companies have started out slow and conservative but will eventually, with t ..read more
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Pilot Negligence: Does Your Aircraft Insurance Cover It?
Sunset Aviation Insurance Blog
by Ben Peterson
6M ago
Pilot negligence is one of the leading causes of aviation accidents. While pilots are expected to exercise due care and safety procedures, errors still occur, but sometimes, pilots may be grossly negligent. So, does pilot insurance cover pilot negligence and pilot error?  What is Pilot Negligence?  Pilot negligence is the failure of a pilot to exercise the required degree of learning, skill, and ability with the care of a reasonable and prudent pilot under the same circumstances.  Often, pilot negligence results in accidents and incidents that would have otherwise been preventa ..read more
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Aircraft Insurance Outlook – August 2023
Sunset Aviation Insurance Blog
by Ben Peterson
6M ago
Deflation in Aviation Insurance? Aircraft owners should appreciate the fact there’s FOUR new aviation insurance companies this year. In July’s Market Update, we reported that there were 3 new insurance companies, but that total has now grown to 4 with a new entrant – Mach 2 Underwriters – who can quote pilots +70 years old and transitioning pilots into turbine aircraft. States like California and New York always take longer for insurance licensing. It’s basically setting up soft market conditions similar to what we saw in 2005 – 2019 where rates declined every year.  Advice: The best way ..read more
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Recreational Pilot vs. Private Pilot 
Sunset Aviation Insurance Blog
by Ben Peterson
7M ago
The Federal Aviation Authority (FAA) broadly groups pilots into non-commercial and commercial categories. Amongst other pilot classifications under the non-commercial category are private and recreational pilots. While recreational pilots and private pilots both fly non-commercial aircraft, several differences set these pilot classifications apart from each other.  In this article, we’ll explain these differences to help you choose which classification works best for you based on the type of pilot you wish to become.  Who is a Recreational Pilot?  A recreational pilot owns a re ..read more
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8 Popular Part 141 Flight Schools 
Sunset Aviation Insurance Blog
by Ben Peterson
7M ago
Part 141 of the Federal Aviation Requirements (FAR) provides an alternative to Part 61. Although Part 61 is more flexible, making it an excellent option for part-time students, it requires more flight hours for a training pilot to be certified. Part 141 flight schools provide a more stringent, formal training program regulated by the Federal Aviation Agency. This leads to more rigorous and professional training in a shorter period.  In this article, we will explain what Part 141 flight training is, its requirements, and eight popular Part 141-approved flight schools for you to choose fro ..read more
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Private Pilot vs. Commercial Pilot: 4 Major Differences
Sunset Aviation Insurance Blog
by Ben Peterson
7M ago
If you aspire to become a pilot, you must pass tests and training, but the required training usually differs depending on the type of pilot you want to be. Two popular types of pilots are private pilots and commercial pilots.  Both pilots operate for different reasons and require different qualifications. This article will explain the significant differences between a private pilot and a commercial pilot to guide you toward making a decision.  Who is a Private Pilot?  A private pilot is a pilot in command (PIC) who has completed private pilot training and now holds a certificat ..read more
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How to Read and Understand Your Pilot Warranty 
Sunset Aviation Insurance Blog
by Ben Peterson
7M ago
At times, you may have to loan your aircraft to another pilot for one reason or another. If there are damages or, worse, hull loss during the lease period, your pilot warranty in your insurance policy will determine if, or if not, your insurer will cover the claim, which is why it’s crucial to read and understand your pilot warranty. But what is a pilot warranty, and how does it work?  What is a Pilot Warranty?  A pilot warranty is a clause in an aircraft insurance policy that extends coverage when the owner permits other qualified pilots to operate the aircraft.  The pilot war ..read more
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