March 3, 2014
Written by Tom Hague, Wings Insurance Director of Sales
While hull and liability insurance are vital for every aircraft owner, be sure you have the best possible policy for your needs before signing anything. Tom Hauge, Vice President/National Sales Director of Sales for Wings Insurance, shares his expertise in aviation insurance and highlights the small print and limitations you need to be aware of.
The aviation market is unique and when considering insurance, without a doubt, the first step is choosing an insurance broker that really understands the market. When you are insuring an aircraft worth anywhere up to $70 million, you need to be confident that your broker has secured the correct policy for your needs.
Beyond hull insurance, where most claims are made, the amount of liability coverage you go for is of significant consideration. One of the questions I get asked most is “How much liability insurance should I carry?” You can only figure that out once you have cons...