BWI Aviation Insurance (800-666-4359), a leading insurance broker for airplanes, unmanned aerial vehicles, and hangars, has released an updated report featuring advice for new airplane owners.
Corona, United States - August 26, 2021 /PressCable/ —
The latest report helps burgeoning pilots and first-time plane owners select the correct aviation insurance policy to protect their investment.
For more information, please visit https://bwifly.com/blog/the-5-best-airplane-insurance-tips-for-new-owners
BWI Aviation Insurance’s announcement responds to the increasing cost and volatility of aviation insurance. In fact, according to the Aircraft Owners and Pilots Association, some insurance premiums rose over 100% in the past year.
In this report, readers will find five tips for navigating the complex aviation insurance industry. These tips include contacting a broker before the purchase, selecting an experienced broker, ensuring the policy covers hull damage, completing insurance documents before the purchase, and naming other pilots who will operate the craft.
Critically, BWI Aviation Insurance’s advice ensures that readers don’t overspend on premiums. For instance, by contacting a broker early in the process, pilots will understand which models carry the highest insurance training requirements, and can use this information to inform their purchase. The purchaser should also select a broker that understands their skills; the more experience a pilot has, the less their premiums will be.
BWI Aviation Insurance explains that insurance policies should cover passenger liability, too. Flying is inherently risky, and total liability insurance will protect pilots against legal proceedings involving bodily injury and property damage. The company also suggests complete hull coverage; should the aircraft suffer damage, the policy will protect the pilot’s investment.
About BWI Aviation Insurance
With the release, the company continues to help pilots find the best insurance rates for all types of aircraft.
BWI Aviation Insurance has over 55 years of experience in the industry. During that time, they’ve developed a reputation for exceptional client relations. As a testament to their quality, the company was named Investopedia’s Best Overall Aircraft Insurance Broker for 2021.
“We take pride in not only providing affordable aircraft insurance but a great experience as well,” said a spokesperson for the company. “Our knowledgeable representatives are friendly, patient, and ready to assist you with any problems or questions you may have.”
Interested parties can read the company’s full report by visiting https://bwifly.com/blog/the-5-best-airplane-insurance-tips-for-new-owners
Name: Matt White
Email: Send Email
Organization: BWI Aviation Insurance
Address: 710 Rimpau Ave Suite 203, Corona, California 92879, United States
Release ID: 89043161