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Insuring Your Aircraft
We, at Eastern Cincinnati Aviation, want to help our Cessna flyers gain an understanding of how the aviation
insurance market works, so you can determine the best avenue to pursue in purchasing your aircraft insurance.
Some Useful Information About Aviation Insurance
The Aviation Insurance industry operates differently than any other area of insurance, due to the fact that in comparison it is a very small and specialized field. There are less than a dozen companies that write aircraft insurance and somewhere around a couple hundred insurance brokers that have some level of specialty in providing aircraft insurance.
There is one very important factor to consider in your pursuit of insurance: aviation insurance companies will only provide a quote to the first agent that contacts them, freezing out the possibility of other agents obtaining a better price (assuming the same information has been provided). Therefore, the decision to utilize a particular broker should be a discerning one. It is extremely beneficial to have a broker who is familiar with or specializes in your type of aircraft and what you use that airplane for. These brokers will know where to shop around to achieve the best quote.
Gathering all the relevant and accurate information is as crucial in securing the right insurance as it is in planning a successful cross country flight. This includes the following information: your pilot experience, the type of airplane you want to insure, the environment your aircraft is based in, the type of flying you intend to do, and information on any other person who will be flying the airplane. It can be beneficial to your premium to include details about any extra training you have done in the past few years, such as participating in G1000 transition training by a Cessna FITS Accepted Instructor, FAA Wings Safety Training, recurrent training and ground schools.
Once you have chosen the right broker for your needs then they will go over the different coverage options available.
The following are links to our trusted aircraft insurance brokers who have a proven track record of providing competitive quotes to our New Cessna Owners.
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