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The latest release by BWI Aviation Insurance offers owners, collectors, recreational pilots, and fleet operators a condensed look at the essentials of aircraft insurance policies, explaining what types of insurance are available and what they do or do not cover.
More details can be found at https://bwifly.com/aircraft-insurance/understanding-your-aircraft-insurance-policy
The newly-published article outlines some key terms that providers often use, what they mean, and why understanding them can be crucial to getting the kind of insurance and level of protection that one needs. The BWI guide is the latest in a series of informational articles and editorial pieces frequently published via the company’s website.
While aviation insurance is primarily aimed at aircraft owners, it is also a necessary expense for renters, flying students, hangar owners, and drone pilots who use their craft for professional use. The sector was badly hit by the events of the global pandemic which saw a decrease in the number of insurers offering policies and underwriters implementing rate rises too.
The BWI guide outlines the essential information contained in a policy’s declaration page. This includes policyholder information, the policy number, start and end dates for the coverage, liability limits, details of the aircraft, hull value, deductible amounts where applicable, and coverage for physical damage.
The authors point to the importance of checking for exclusions that apply to any policy, conditions (affecting what can be claimed for in the event of a mishap), and endorsements that can add or remove coverage stated elsewhere in the policy documents.
About BWI Aviation Insurance
The company has been a pioneering presence in the aviation insurance sector since 1977, initiating the first Robinson Helicopter Insurance Program in 1979 and the Cessna 180 and 185 programs in the 1980s. BWI offers the aviation community a full suite of coverage solutions from multi-engine turbine aircraft to gliders.
A spokesperson says, “Over our 42-year history, BWI has built longstanding relationships with all of the above Aviation Insurance Companies. We work hand in hand with the above companies and leverage our experience to find the best market for your particular airplane insurance risk.”
BWI Aviation Insurance remains a sector leader in versatile and robust coverage for aircraft owners and operators.
For more information, go to https://bwifly.com/aircraft-insurance/understanding-your-aircraft-insurance-policy
Contact Info:
Name: Matt White
Email: Send Email
Organization: BWI Aviation Insurance
Address: 1481 Sunshine Circle, Corona, California 92881, United States
Phone: +1-800-666-4359
Website: https://bwifly.com
Release ID: 89081947