It’s 2020 and the drone industry is growing faster than ever before. Current trends show annual growth rates of drone sales at about 67% per year, growing to reach 2.4 million units per year in 2023. This isn’t just a new and fast growing industry. This is a full blown revolution in the way that […]
Aircraft insurance rates are increasing! By now you’ve heard this phrase from more pilots than you’ve wanted to. Yes, it’s true, insurance rates are going through the roof and in some cases, renewal rates are increasing 50-75% in each year! Not only are rates increasing; underwriters are adding pilot requirements, increasing deductibles and declining to […]
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 […]
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