Why shopping aviation insurance is difficult
When it comes to aviation insurance, comparing quotes isn’t as simple as lining up premiums and picking the lowest number.
Unlike more commoditized lines of coverage, aviation policies are highly nuanced, and the differences between carriers can be subtle but significant. This is especially true in general aviation, where aircraft types, pilot experience, and usage vary widely from weekend recreational flying to corporate use or flight training operations.
Coverage terms vary widely
One of the biggest challenges is that aviation insurers often use proprietary policy forms. That means definitions, exclusions, and endorsements can differ dramatically from one carrier to another. A quote that looks cheaper may exclude critical coverages like non-owned aircraft use, or even passenger liability. Details that aren’t always obvious at first glance and can have major implications. Without a detailed comparison, it’s easy to miss what’s really being offered and what’s not.
Underwriting philosophy matters
Aviation underwriters assess risk differently based on aircraft type, pilot experience, usage, and geography. Some carriers may be more aggressive on pricing but less flexible on claims. Others may offer broader coverage but require stricter pilot warranties or training requirements. These underwriting philosophies can impact not just the cost, but the long-term value of your coverage.
Claims handling is critical
In aviation, claims can be complex and high stakes. Even seemingly minor incidents like hangar rash or prop strikes can lead to expensive repairs and significant downtime. The responsiveness and expertise of the insurer’s claims team can make a huge difference in recovery time, repair quality, and overall financial impact.
Unfortunately, this is rarely reflected in the quote itself. That’s why understanding an insurer’s track record for service and claims handling is just as important as comparing premiums.
The bottom line
Shopping for aviation insurance requires more than a spreadsheet. It demands a deep understanding of policy language, insurer reputation, and the unique risks associated with general aviation. Whether you own a light sport aircraft and fly for fun, or operate a small flight department, the right broker can help you navigate this specialized market.
Working with your AssuredPartners Aerospace, AOPA’s Strategic Insurance Partner who specializes exclusively in aviation, can help ensure that you’re not just getting a good price, but the right protection for your aircraft, passengers, and peace of mind.
If you’re feeling overwhelmed by these complexities call AssuredPartners Aerospace at (800) 622-2672 today to speak with one of our experts or visit www.assuredpartners.com/aviators to learn more. We look forward to serving all your aviation insurance needs.
