New York state has long been a part of aviation history, such as when the first transcontinental flight took off from Sheepshead Bay in 1911 to land in Pasadena, California, over 49 days later, or in 1927, Charles Lindbergh made the first solitary nonstop transatlantic flight from Roosevelt Field in Long Island to Paris.
The state’s major flight facility, LaGuardia Airport, opened in 1939, and the then John F. Kennedy International Airport, which opened in 1948, joined Newark Liberty Airport, which opened in 1928 to become the most extensive airport system in the US, with the most total flight operations in the world.
Since its founding in 1977, BWI Aviation Insurance has supported the aviation industry in New York to meet its vision statement of building the best aviation insurance agency on planet Earth.
What is Aviation Insurance?
Aviation insurance covers aircraft owners and renters, flight operators, and aeronautics businesses by providing protection against the risks of flying, which can include accidents that produce injury or death, damage to flying machines, and damage to airports and other land-based property. Because air traffic in New York is extensive and varied, BWI offers many different types of aviation insurance.
Passenger Liability Insurance
This coverage takes care of passengers who are hurt or killed while riding in an aircraft and covers not only medical expenses but also lost wages and other related losses.
Public Liability Insurance
Sometimes called “third-party liability,” this insurance covers damage to third parties, such as other airplanes, hangars, buildings, houses, and cars. However, this coverage does not protect passengers on the insured aircraft or the aircraft itself.
Cargo Coverage
Loss of or damage to any cargo, such as mail, crops, or baggage, while in transit is covered.
Hull Insurance
This relates to physical damage or loss to the insured aircraft against theft, fire, collision, floods, wind, and vandalism while the plane is on the ground being taxied to a gate or while it is flying. The coverage takes care of repairs or replacement to the aircraft and any equipment onboard.
Hangar Coverage
If an airplane is damaged by theft, fire, or natural disasters while stored in a hangar, this coverage kicks in.
War Risk
Damage and loss due to political unrest, terrorism, or war are generally not included in insurance unless the war risk coverage is paid for.
How We Help
BWI encourages you to focus on the pleasures and business of flying in New York by taking care of these areas.
Financial Protection. An accident can easily wipe you out financially, whether you’re an individual or a business, because of the high costs of fixing or replacing damage to your aircraft and to other property. Insurance can take care of these financial risks.
Legal Compliance
While aircraft insurance is not required in New York or the USA, fixed-based operators (FBOs) and flight schools won’t allow you to fly unless you have coverage. Aviation insurance enables you to use FBOs, flight schools, and other third parties that must comply with local and federal regulations.
Risk Management
At BWI, we can help you identify and mitigate potential hazards involved in flying. Our proactive approach reduces the chances of accidents and claims.
Operational Confidence
Because you have insurance, you can focus on operating your aircraft or aviation business without worrying about liability issues. BWI Aviation Insurance Agency provides several advantages when you’re looking for a New York aviation insurance company.
Specialization
With BWI, our aviation insurance business is not part of some larger industrial conglomerate. It is our only focus, which rewards you with expertise and in-depth knowledge in the highly technical and specialized world of flight. We know the questions to ask and the answers to provide when tailoring solutions to clients ranging from private pilots to commercial operators.
Comprehensive Coverage
Whether you’re looking to protect your private plane from hail or cover a passenger charter against hijacking, we offer many types of coverage. We can mix and match different terms to customize a policy that fits your exact needs.
Competitive Pricing
We don’t pull our pricing from just one company. Instead, BWI works with many A-rated insurance carriers to discover the best cost and coverage options. Our strong relationships help to create the most favorable terms for you.
Experience and Dedication
At BWI, we use our nearly half-century of experience to deliver superb customer service that is based on synergy, adaptability, exceptionalism, and integrity. We help you through every step of insurance, from helping you to pick the right coverage to efficiently handling your claims.
Educational Support
Aviation insurance can be a complex topic, but if you know more about it, you can make better choices. We provide valuable educational resources to assist you with staying informed about what’s new in coverage and safety. If you have a question about any of these topics, feel free to call us.
Innovative Options
The aviation industry advances quickly, and we keep up by giving you options that you won’t always find with other providers. For example, we have policies for commercial drone operators, flight schools, and ever-evolving aviation operations.
What to Do Now?
Aviation insurance is a complex but necessary part of flying in New York, whether you’re a private pilot, aircraft owner, or a flight business. BWI Aviation Insurance Agency can help protect against aviation risks by customizing a competitive insurance solution. Call us today for your free consultation.
