$500 Aviation Scholarship Opportunity

April 6th, 2017

Frederick, MD April 6, 2017 – Last year, Frederick, MD based aviation insurance broker, Aviation Insurance Resources (AIR) helped one lucky recipient get her aviation career back on track and work towards more ratings. Once again, a $500 aviation scholarship is being offered for student pilots and pilots to help further their training. The Get into the Air scholarship can be used towards any phase of flight training, a flight review, written exam, instrument proficiency check or a check ride.

AIR is seeking an applicant whose essay and recommendation letter best describes their goals, drive and involvement in the aviation industry. The scholarship winner will be announced at the 2017 EAA AirVenture in Oshkosh, WI. The deadline to enter is June 15th. Scholarship applications are available for download at http://www.AIR-PROS.com/scholarship.php.

About Aviation Insurance Resources (AIR)

Since 1999, AIR has remained closely connected to the industry they serve, many of their customers are friends and some are even family. This is because all of the agents at AIR are pilots and understand the needs and challenges in owning or renting an aircraft and aviation related businesses. No matter your involvement in aviation, AIR can provide a comprehensive yet economical solution for your needs. For scholarship questions or an aircraft insurance quote call 877-247-7767 or fill out a quote request online today!

Pilot Back in the AIR after Aviation Scholarship

March 23rd, 2017

Aircraft dispatcher Caitlin Lyons, also known as Cessna Chick on her blog, does not allow adversity to get in the way of her goals. Living in Manhattan without a car during IMG_2015smher private pilot training offered quite the challenge. Her commute the closest general aviation airport resulted in over one and half hours on a train followed by a three mile walk while still maintaining a full-time job!

During the 2016 EAA AirVenture Caitlin caught a break, she had earned the ‘Get into the AIR’ scholarship awarded by Aviation Insurance Resources (AIR). Caitlin thanked AIR for getting her back on track towards her goal of becoming a flight instructor.

“It helped me finally do my BFR which was my first since earning my certificate and was delayed more than I would’ve liked it to be! Since then I was able to fly a bunch in the early winter working on my instrument rating and getting time under my (pink!) foggles – always on beautiful days I would’ve loved to enjoy the views of the Pacific. I’ve already knocked out my Instrument and CFII written tests and working on my Commercial/CFI/FOI written tests as well so I can focus on the flying portions. It puts a time limit on my training and gives me even more motivation. I’m hoping to finish up my instrument rating by the end of the summer!” she explained.

When Cailtin wasn’t flying or studying, she was helping others get into the air. She recently spoke to a bimonthly pilot group at her flight school entitled “Fly Like a Girl” about how to find and apply for aviation scholarships and is “always looking for other ways to pay it forward in return for the opportunities I’ve been given.”

Due to the success of their inaugural scholarship, AIR is once again offering the $500 ‘Get into the AIR’ scholarship. The scholarship can be used towards any phase of flight training, a flight review, written exam, instrument proficiency check or a check ride.

AIR is seeking an applicant whose essay and recommendation letter best describes their goals, drive and involvement in the aviation industry. The scholarship winner will be announced at the 2017 EAA AirVenture in Oshkosh, WI. The deadline to enter is June 15th. Scholarship applications are available for download at http://www.AIR-PROS.com/scholarship.php.

About Aviation Insurance Resources (AIR)

Since 1999, AIR has remained closely connected to the industry they serve, many of their customers are friends and some are even family. This is because all of the agents at AIR are pilots and understand the needs and challenges in owning or renting an aircraft and aviation related businesses. No matter your involvement in aviation, AIR can provide a comprehensive yet economical solution for your needs. For scholarship questions or an aircraft insurance quote call 877-247-7767 or fill out a quote request online today!

 

 

 

VIPER SD-4 INITIATES FIRST U.S. FLIGHTS

March 10th, 2017

Viper4Eagle International Aircrafts L.L.C. announced that the FAA has finally certified and approved Viper’s SD-4 for U.S. Market. Since this announcement, the Viper SD-4 has begun flights at North Perry Airport, Florida.

VIPER SD-4

This amazing Light sports low wing aircraft (LSA) features an all-metal design of the plane, with lower operation and maintenance costs than other similar aircraft. The plane is manufactured in Europe for the past 10 years, and our team is excited to present it to the American market. The robust metal construction guarantees a longer service life and makes the plane safer to operate.The
spacious cockpit provides unmatched comfort and the huge canopy allows for a beautiful flying experience. The plane also features the newest breakthroughs in avionics, offers a wide range of utility options, all in a sleek, first-class, package.

These features won’t only be enjoyed by seasoned veterans of the sky, but as well as beginners and their instructors. Flight schools and training centres will also find the Viper SD-4 as the best value for their dollar.

Excellent and precise manufacturing on CNC machines, using quality materials, quality workmanship with particular emphasis on accuracy, security and great customer value, this all is coming with VIPER SD-4 and is available now in USA.

The low fuel consumption (only around 4.5 gallons an hour using car-grade high octane gas or avgas) brings operating costs down, which will bring a smile to the faces of pleasure flyers and enthusiast pilots. The low operating costs also make the SD-4 a perfect choice for businesses seeking a cost effective flight solution. The plane achieves an effective range of around 594 miles on a full tank, which shows the planes potential as a cross-country favourite. The colours and finishes on the plane can be decided by the customer’s wishes.

ABOUT EAGLE INTERNATIONAL AIRCRAFTS LLC

At Eagle International Aircrafts LLC, we seek to provide the best international shipping and distribution service for light sport aircrafts. From our strategically placed location in Fort Lauderdale, we have immediate access to the Americas and the Caribbean. We also seek to spearhead the industry in terms of customerbased design and advances in avionics. We look to be a trusted source for enthusiasts, leisure pilots, training schools, and air-based companies.

Aircraft Insurance – Call that Middleman!

March 1st, 2017

The Avemco Insurance Company has released a new advertisement in AOPA Pilot depicting a man in a suit falling out of the sky. The text reads “We got rid of the middleman” and correctly states that Avemco is the only direct aircraft insurer. This silly ad creates quite the visual, however, there are several reasons why it’s important to have that insurance middleman in your life!

Competition

Why contact a direct insurance underwriter when you can have over 18 carriers competing for your business-all with one call? The ultimate benefit of this competition is the price. You are more likely to obtain a lower premium when requesting quotations from 18 companies versus just one. Avemco sets their own rates. While the employee you speak to has the simple authority to provide a quotation, they can only supply one quote. An aviation insurance broker does the work for you-obtaining competitive rates from multiple insurance carriers. More options equal more savings!

Choices

As stated above, Avemco can supply only one quote and therefore one set of policy terms. Access to multiple carriers creates more flexibility in policy conditions. For example, most pilots transitioning into new aircraft are required to complete some dual instruction or formal manufacturer training which can be costly. Training requirements vary by underwriter and the pilot can pick the policy that has the training requirements that best fits his or her needs. Other options that vary from carrier to carrier would be available liability limits or the open pilot warranty.

Change

The aviation industry is ever-changing and it is important to have an insurance policy that changes with it. Most insurance carriers have adapted a “per passenger” policy form. Meaning the sub-limits on the liability portion of your policy are limited to passengers only. Avemco still uses a below standard policy form, their sub-limits are written on a “per person” basis. Therefore, anyone injured inside or outside of the aircraft are limited to only $100,000! In addition, thanks to the many aviation insurance carriers in the market, it is possible to obtain a policy without a sub-limit, also known as “smooth limits”.

Call

We challenge you to see the results a middleman can provide! At Aviation Insurance Resources (AIR) all our agents are pilots so we understand your needs as a pilot and aircraft owner. The graphics below say it all-our efforts will save you both time and money. Call our agent and pilots at 877-247-7767 or click here to request a quote online to start saving today!

 

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Three Questions to ask your Aviation Insurance Broker

February 23rd, 2017

Most pilots are benefiting from the aviation insurance industry today. With over 18 major aviation insurance carriers competing for their business, the market is insteep bank 2010-01-31 a bidding war that drives rates down, thus rewarding the consumer. However, pilots and aviation business owners are not provided direct access to these markets and must apply for insurance through broker. How do you know you’re choosing the right one?

Here are three questions to ask your aviation insurance agent:

  1. Do they specialize in aviation insurance?

Aviation insurance varies greatly from car, homeowners, and life insurance. It is not a one size fits all industry and there are many nuances to an aviation insurance policy that other product lines do not factor in. It’s important that your insurance broker understands what makes aviation insurance unique. An agent specializing in the aviation insurance industry will be aware of the details necessary to provide the proper coverage.

  1. Are they a pilot?

Many aviation insurance agents are connected to the aviation industry somehow. But are they an actual pilot? Has your agent been at the controls of an aircraft and understand the thrill of having your shirt cut on the first solo? Every pilot shares and celebrates certain benchmarks in their training. Choose an agent who shares similar experiences and understands how those benchmarks impact your insurance rates!

  1. Are they appointed with all major aviation insurance markets?

This one is a biggie. As mentioned earlier, there are many insurance carriers vying for your business. To ensure that all the markets are covered on your aviation risk, it is important to find an agent that is appointed with each of these markets, submits your quotation to all of them, and maintains a good relationship with their underwriters.

These three questions are an excellent guide in narrowing down a specialist that can best represent your interests at a competitive rate. Headquartered in Frederick, MD, with regional offices throughout the country, pilot run and owned Aviation Insurance Resources (AIR) meets all the requirements above. The pilots and agents at AIR focus on integrity and place customer service as a priority above profit.  As each of our agents share a different story and background in aviation, we know you do as well. To receive the best options on your aviation insurance policy please call us at 301-682-6200 or request a quote online today!

Aviation Business Owners: Yes, you do need to carry Workers’ Compensation!

January 26th, 2017

Do you have one or more employees at your company? Did you know that you are required by law in most states to carry workers’ compensation insurance? Even if you contract workerefueling jpg smrs, you may still be required by your state to cover their on-the-job risks!

Each state carries different regulations. For example, Alabama only requires workers’ compensation when four or more individuals are employed and defines officers and members of an incorporation as employees. In Iowa LLC members are not included as employees. Trucking company owners and operators in Indiana are excluded from workers’ compensation law as are agricultural business with low payrolls in Kansas. Some states allow businesses to self-insure while others would have to file for an exemption. Of course, laws are always changing and it is important to stay up-to-date with insurance regulations within your state.

Most states follow regulation recommendations provided by the NCCI, the National Council on Compensation Insurance. NCCI was established to gather industry data and use that date to provide annual reports and rate recommendations. States not following the NCCI manual may have their own fund with set rates or allow private companies to offer insurance, therefore promoting competition.

It is not uncommon for aviation businesses to run into aviation exclusions while seeking workers’ compensation insurance. That is why many companies depend on the agents at Aviation Insurance Resources (AIR). All AIR agents are pilots that are passionate about the aviation industry. AIR works with all major aviation insurance markets, finding your company the broadest coverage and the best available rates. Options like Pay as You Owe (PAYO) help business have more manageable and predictable audits.

The goal of workers’ compensation is to provide coverage for employee injuries at the workplace as well as litigation costs for the employer. Your insurance carrier will also work with your team to create a safer work environment, preventing future losses and therefore decreasing your premiums.

What do we need to get started? It’s very simple! Tell us a little bit about your operation and provide us with the number of full time and part time employees, their roles and their salaries. To request an aviation workers’ compensation insurance quote please call 877-247-7767 or request a quote online today! We look forward to serving you!

 

LSAs take to the Sky for the Sebring US Sport Aviation Expo

January 16th, 2017

In just two weeks, light sport aircraft (LSA) will descend upon the Sebring Regional Airport (KSEF) for a weekend of aviation festivities. The 13th annual expo, taking place January 25th through Sebring 201728th highlights the latest and greatest in the light sport aircraft industry. From forums to workshops and demonstrations, Sebring is the place to be for LSA owners and enthusiasts.

Items to look forward to this year are:

  • A larger indoor drone display and demonstration area including a drone race with a $20,000 cash prize and a UAS discussion panel
  • Homebuilders workshops to include building a rudder with Zenith Aircraft
  • Keynote speakers Darryl Collins and Rod Machado
  • Youth Aviator Zone with special guest NASA Astronaut Dr. Story Musgrave
  • Showcase flight demonstrations on the flightline

The agents and pilots at Aviation Insurance Resources (AIR) will be returning once again to the Sebring Expo. Light sport aircraft have a special place at AIR as the agency was one of the firsts to tackle insuring this category of aircraft when it was developed. Stop by booth NC108 to speak with Gregg Ellsworth and Joe Cacho about your light sport aircraft. Can’t make it to the show? Request your quote online or call 877-247-7767 today!

What you need to know about the new FAA medical rule and your aircraft insurance

January 10th, 2017

healthcareToday, the FAA issued the final rule reforming pilot medical requirements. This changes aims to be a practical way to allow more pilots to participate within the aviation industry. Going into effect May 1st, the new regulation entitled BasicMed requires a pilot to participate in an online medical course and complete a physical exam every four years. Per the FAA, additional pilot requirements include:

  • Possess a U.S. driver’s license
  • Have held a medical that was valid at any time after July 15, 2006.
  • Is under the care and treatment of a physician for certain conditions
  • Make certain health attestations and agree to a National Driver Register check
  • Flight not operated for compensation or hire

Many pilots have asked us how this affects their aircraft insurance. Since requirements may vary from carrier to carrier it is important that you understand and follow the verbiage described within your policy. To date, some policies don’t mention a medical requirement where others use the terminology “when required” and “if required”. It is your duty as pilot and insured to thoroughly read your policy and call your aviation insurance agent with any questions.

Time will tell the impact BasicMed will have on the aviation industry, and Aviation Insurance Resources (AIR) will be here to serve you. To discuss your aircraft insurance and medical requirements call 301-682-6200 or request a quote online today!

Aviation Insurance FAQ – Medical Limits Explained

December 29th, 2016

ambulanceQ: What are medical limits on my aircraft insurance policy? Isn’t bodily injury included in my liability section?

A: Much like an auto insurance policy, the medical coverage on an aircraft insurance policy is a coverage paid to anyone injured (including the insured) regardless of legal liability. This amount is generally used for emergency medical attention. It is not always necessary to buy additional medical coverage as third party bodily injury caused by the policyholder would be covered under the liability portion of the aircraft policy. In the case of pilot error, the liability limit applies. However, if a policy holder does not have their own medical insurance, they may decide to purchase higher medical limits in case of an injury.

Most insurance carriers offer medical payments at no additional premium while some do at a nominal charge. Aircraft policies used for pleasure and business or commercial use typically range from $3,000-$5,000 each person. Non-owned or renters insurance policies normally have $1,000 in medical coverage included with the option to increase for an additional premium.

It is important for you to discuss your insurance needs with an agent versed in these policies and who is actively involved in the aviation community. All the agents at Aviation Insurance Resources (AIR) are pilots dedicated to serving others in an industry they share a passion for. We will happily guide you through the insurance process and determine the best coverage and rate that works for your individual situation. To get started, call 877-247-7767 or visit www.AIR-PROS.com today!

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Aviation Renters Insurance – How much physical damage do I need?

December 14th, 2016

The following is an actual email conversation from December 13, 2016:

Subject: Non-Owned Aircraft Liability Insurance Renewal

I’m trying to figure out how much “physical damage” I need. All the planes I fly have either flying club insurance or on an open pilot policy, but I’m guessing that it protects the club or the owner more than me. I don’t know how much of a redundancy it is. Your thoughts?

Sean

 

Re: Non-Owned Aircraft Liability Insurance Renewal

Hi Sean,

Very good question which many non-owner pilots ask.

The insurance companies will pay the owner of the aircraft for damage caused to an aircraft. Then, depending on the policy language on the aircraft, the insurance company has the option to collect for the damage from the legally liable third party. In other words, the insurance company can collect from you if you are the responsible pilot that damaged the aircraft through your legal negligence. This is called Right of Subrogation. Also, the owner can collect the insurance deductible and loss of use cost from you.

If the flying club is an equity type club, that is all pilots are real co-owners, then the insurance company probably cannot collect from the club member. If the flying club is more of a rental operation to non-owner club members, then the insurance probably can subrogate and collect.

Some FBOs have paid additional premium to have a “Waiver of Subrogation”. This is where the insurance company agrees not to attempt collection from a renter pilot.  Many FBO managers and Club managers simply do not know what their insurance policy allows as respects the subrogation clause. You may have signed a rental agreement that states you must pay the deductible, with no mention that the insurance company will also collect from you.

As a CFI instructing an individual owner in his aircraft, then the insurance company has the right of subrogation to collect from you if you are at fault.  In most cases, you can have the owner amend his insurance policy to provide a “Waiver of Subrogation” to you by name. There should be no premium cost or small premium charge for the owner.  You should also request to be named additional insured, not just a named pilot or meeting the open pilot clause. Being named pilot or meeting the open pilot warranty simply validates the owner’s insurance for them. As the CFI, that does nothing to extend coverage to you unless you are also named additional insured and waiver of subrogation.

Most of our insureds do not actually anticipate the full value of the aircraft as a likely claim. This simply from a cost benefit point of view of premium. They figure a more likely scenario of partial damage such as hard landings, ground loops, gear ups, prop strike, etc. It depends on the type of aircraft you fly. Your current limit of $150,000 is on the high side of what most carry.  But, I recommend carrying the most you can reasonably afford.

Of course, the most important coverage is the bodily injury and property damage, what you have now is our most popular and standard limit of $1,000,000 each occurrence with $100,000 per passenger bodily injury.

I’d be happy to discuss on phone too.

John

Aviation Insurance Resources provides a full range of aircraft insurance and aviation insurance products to clients of all sizes. AIR represents all the major insurance markets and offers the broadest package of protection and the best available rates. To learn more about the Aviation Insurance Resources, please call 877-247-7767 or visit AIR-PROS.com today and receive your aircraft insurance quote! You can also follow AIR on FacebookTwitterLinkedIn, and Google+.