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Aviation insurance, also known as aircraft insurance, protects against risks associated with the operation of aircraft. It covers a wide range of risks, including: Physical damage: Covers damage to the aircraft, its engines, parts, and equipment, while in storage, transit, or in use Liability: Covers legal liability for passenger injuries, environmental damage, and third-party damage caused by aircraft accidents Property damage: Covers damage to airports, hangars, and other land-based property Loss of cargo: Covers loss of cargo Aviation insurance policies are different from other transportation insurance policies and use aviation-specific terminology, limits, and clauses. Aviation insurance can be purchased for a variety of aircraft, including standard, experimental, vintage, and seaplanes. In addition to aircraft insurance, most pilots and airlines also carry aviation accident insurance to cover injury or death. #snsinstitution #snsdesignthinker #designthinking

Asia | According to Insurance Business Asia Magazine, Charles Taylor Adjusting’s global team of aviation adjusters and contractors have a birds-eye view of what’s challenging the aviation industry today. Hugh Thacker, our Global Director of aviation, pinpoints the ongoing increase in claims costs as one of the biggest issues facing the market. The costs involved in repairing an aircraft have increased significantly, and there are several fundamental drivers for the step-change seen in pre- and post-pandemic costs. To read the article in full, please click through the link below. To discuss how our expert team can assist in managing the costs of your next aviation claim, please contact: Hugh Thacker Global Director M: +44 (0)780 198 4441 E: hugh.thacker@charlestaylor.com or Bob Battoo Asia Pacific Managing Director - Aviation M: +65 9633 5720 E: bob.battoo@charlestaylor.com #charlestaylor #charlestayloradjusting #expertiseyoucantrust #aviation

A great article from my colleague relating to #claimsinflation for #aviationinsurance We have also expanded our expertise in the #aviation market Check out more Charles Taylor global site

Factors Influencing Aviation Insurance Premiums ✈ Aviation insurance premiums can vary widely depending on several key factors. Here are the most important ones to consider: 1. Aircraft Type & Age Newer, safer aircraft typically attract lower premiums, while older models or high-value aircraft incur higher rates due to greater risk and repair costs. 2. Flight Hours & Usage Aircraft used for commercial operations (e.g., charter services, cargo, or air ambulances) are deemed higher risk than those used privately or recreationally. More flight hours increase the premium due to higher exposure to risk. 3. Pilot Experience Insurers evaluate a pilot’s experience, training, and safety record. Experienced pilots with clean records can help lower premiums, while less experienced or higher-risk pilots raise rates. 4. Claims History A history of accidents or claims leads to higher premiums. Operators with a strong safety culture and low claim frequency typically see lower rates. 5. Geographical Location Flying in high-risk areas (e.g., regions with political instability or challenging weather) increases risk and, therefore, premiums. Insurers assess both the operational environment and airspace congestion. 6. Coverage Type & Limits Higher coverage limits or more comprehensive policies (covering third-party liability, passenger injury, etc.) increase premiums. Basic coverage is more affordable but offers less protection.  7. Maintenance Aircraft with a strong maintenance history and adherence to safety standards pose less risk, leading to lower premiums. 8. Market Conditions Broader market factors, such as industry claims, economic trends, and regulatory changes, can affect premium rates. Understanding these factors helps operators manage risks and optimize their insurance costs. By maintaining a good safety record, investing in newer technology, and keeping operational risks in check, aviation professionals can minimize their insurance expenses #aviationinsurance #aviation #operators

The world couldn’t fly without FBOs ✈️ FBOs (or fixed-based operators) play a vital role in the aviation industry by providing essential services at airports, such as fueling, hangar services, maintenance, etc. Given the breadth and depth of their operations, they face a unique set of risks and liabilities. Gregg Shields, Eileen Espinal Mitchell and Carol Barbarotta explain how Aviation, Inland Marine and Environmental insurance can help to address FBO’s unique risks. Read the article 👇🏽

Ready for Autumn? 🍃 🌪 In the autumn, many pilots take advantage of every good day for VFR flights on their home base airfield. 🛩 The use of their aircraft might be less than during the summer, due to the decreasing day-light period. Sometimes they are relocating their aircraft to another airfield with more favorable weather. 🌞 A season change is always a good time to check your Aviation Insurance. ❗ More than often we get last-minute requests for the following amendments: ✴ Adding another pilot to the insurance policy (temporary), to conduct a ferry-flight or for a Flight Instructor making a check or training flight with the aircraft owner. ✴ Adding a new pilot (permanently) on the policy to fly the aircraft.      ✴ Renting out your aircraft to other pilots: Make sure your Insurance policy is equipped for rental purposes, the pilots meet the minimum flight requirements and they possess the right licenses. ✴ Renting out your aircraft to a flight school or third party. Make sure your Insurance policy is equipped for rental purposes, the other party should be added on both policy as well as on the Insurance certificate as co-insured. Also the same rules should apply for the pilots requirements. ✴ Region cover: Is the region on your Insurance still ok? When flying cross-country (abroad) make sure this country is included/accepted on your Insurance policy as well as the countries you have to pass to fly to that final destination. Also make sure you have the right liability limit when flying on a foreign airfield for a longer period of time. All these requests take some time to get organized and approved by the Insurers and might increase your premium. From pilots we need Names, Birthdays as well as their complete flight history (Licences, Total Time, Ratings, Claims last 5 years) The more complete this information is delivered to us, the faster we can arrange it for you! 📄 Have a great "flying" Autumn! 😊 #insurance #changestopolicy #pilotinformation #changes #amendments #liability #hull #aviation #womeninaviation

In life, it is better to be prepared and "covered" for all types of eventualities. That is why Vektor Aviation offers Personal Cover and Medical Evacuation Cover. This type of insurance covers the crew of the aircraft while engaging in air travel (being in, on or boarding an aircraft for the purpose of flying therein or alighting therefrom) in aircraft as per the Schedule of Aircraft. The cover includes medical evacuation coverage with worldwide limits for named individuals on the policy. There is even an option for 24-hour coverage and to include unnamed passengers. Contact Vektor Aviation today to talk about the range of specialist aviation insurance cover we have on offer. #aviation #insurance #medicalevacuation #personalcover

“Among FBOs' most critical types of insurance are aviation insurance, inland marine insurance, and environmental insurance. Here's a look at how this specialized insurance helps FBOs minimize risks and ensure sustainability in the highly dynamic aviation industry.” #FBO #aviation #aviationinsurance #inlandmarineinsurance #environmentalinsurance #AXAXL

In aviation, managing risks goes beyond standard insurance. With exposure to specific challenges like in-flight mechanical issues, weather disruptions, and operational hazards, aviation insurance offers targeted coverage that general policies overlook. Umma Insurance’s Aviation Insurance is designed to meet these unique needs, giving you comprehensive protection where it matters most. Let us help secure your operations in the skies. 

Check your Insurance Policy with the change of season to make sure everything is still up to speed! #insurance #aviation #pilots #liability