On January 26th, 2020 NBA legend Kobe Bryant was killed in a Sikorsky S-76 helicopter crash near Calabasas, California. The world was shocked to hear the news. At 41 years old, Kobe had big plans and a lot of life left to live. How could a simple helicopter accident bring down a man who had […]
Airplane Insurance is a from of property and casualty insurance, designed to protect you and your aircraft in the event of a loss. Airplane Insurance cost varies wildly due to the specialized nature of the aviation industry and the wide variety of aircraft makes, models and risk situations. Airplane Insurance Cost is broken down into […]
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 […]
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 programFor 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 […]
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 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 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 […]
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, […]
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 […]
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