Helicopter insurance can be 4-5 times more expensive than aircraft insurance due to higher hull values, increased exposure with low level terrain flying and a higher ratio of commercial use. Helicopter insurance cost is typically between $2,800-$4,000 for $1,000,000 Liability Only Coverage, compared to $500-$700 for an aircraft liability only insurance policy. Adding hull value […]
Posts with category Aircraft Insurance (123 articles)
Cirrus Aircraft debuts 2020 G6 SR Series
BWI is the Nation’s Leader in Cirrus Aircraft Insurance On January 8th, 2020, Cirrus aircraft introduced it’s new Cirrus IQ feature that lets Cirrus owners remotely check the status of different systems on the SR20, SR22 and SR22t from their smartphones. https://www.aopa.org/news-and-media/all-news/2020/january/09/cirrus-iq-stabilized-approach-highlight-2020-g6-sr-series If you are looking at purchasing a brand new 2020 G6 Cirrus, get […]
cirrus aircraft insurance, cirrus aircraft insurance program, cirrus insurance, cirrus insurance program5 Things You Need To Know About Aircraft Insurance In 2020
For the past few years, the Aircraft Insurance Industry has been on an absolute roller coaster ride. At the end of 2017 and after 10 years of rate decreases, premiums hit rock bottom. At the end of 2018 the industry started to shift, once again and the rates slowly started to increase. In 2019, the trend continued as rates increased […]
Aircraft Insurance Liability: Smooth Limits Vs Sublimits
What are smooth liability limits vs subliability limits, is a common question we get but it is too often miss-understood. We hope the information below will help give you some insight. What is liability insurance: It is part of the general insurance system of risk financing to protect the insured from the risk of liabilities […]
Jet Insurance, what you need to know
Jet Insurance is aviation insurance for your privately or commercially owned jet aircraft. Jet Insurance is offered by aviation insurance companies through experienced brokers like BWI. Jet Insurance has 2 main coverages: Liability Coverage; which covers Bodily Injury, Property Damage and Legal Defense Hull Coverage; which covers physical damage to the jet aircraft itself. Every […]
Basic Med VS 3rd Class Medical
Basic Med is an alternative way to fly without having to hold an FAA medical certificate. You must meet the following criteria in order to be eligible for the Basic Med Option: You must have a current valid driver’s license, You must have held a medical certificate that was valid at any time after July […]
Do I need more hull coverage?
The answer is not always simple. Are you insured to value? Several factors impact the answer. Do you want to be able to replace the aircraft in its current condition, or do you just want to cover your initial investment? A rule of thumb is that if your aircraft is damaged within 70% or better, […]
How To Save Money On Plane Insurance: Coverage Type
One of the easiest ways to save money on plane insurance is by changing coverage during the policy period to accurately reflect your current aircraft’s situation. If you typically don’t fly the aircraft for 3-6 months during the winter for example and you carry Full Hull Coverage, you are paying extra for coverage you don’t […]
aircraft insurance, airplane insurance, aviation insurance, plane insuranceThe Top 5 Easiest Tailwheel Aircraft To Insure
So you want to buy a new tailwheel aircraft? For starters, you are making an excellent decision! Tailwheel aircraft are fun to fly have a lot of utility use and very versatile. Tailwheel aircraft can land almost anywhere which opens up a whole new world of flying opportunities. BWI has specialized in tailwheel aircraft since […]
aircraft insurance, airplane insurance, aviation insuranceThe Cost of Cirrus SR22 Insurance
Cirrus aircraft insurance averages $2,624 annually for a qualified pilot with $245,000 in hull coverage. The Cirrus SR22 has been the world’s best-selling general aviation airplane, every year since 2003. The SR22 is a single-engine composite, 4-5 seat, low-wing aircraft equipped with a parachute. Over 6,525 Cirrus aircraft have been produced since 2001. Despite their […]
aircraft insurance, airplane insurance, aviation insurance, cirrus aircraft, cirrus aircraft insurance, cirrus sr22 insurance costAviation Insurance Solutions
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