There's no doubt about it - if you want to be a pilot you have to be committed to the cause. There will be a commitment of time, of concentration, and, of course, there will be a financial commitment. You either have to purchase or rent a plane, and fuel itself is somewhat of a major consideration. There is one other cost, however, that is often not factored in when one contemplates getting their pilot's license: Aviation Insurance!
“We understand, and try to make sure that others do as well, that insurance is not a necessary evil,” Dale Wolcott, President of TURBINE TRAINING in Manhattan, Kansas shared, “but rather the way in which you can protect your assets and have piece of mind.”
When it comes to Aviation Insurance, two types that most often come to mind are hull and liability. Both, of course, would come into play if a crash takes place. And, virtually everyone agrees that loss of control in flight (LOC-I) is the major reason for aircraft accidents.
“One of the major ways to minimize the chance of LOC-I,” TURBINE TRAINING’s Vice President, Jason Wolcott, pointed out, “is through Proper, including Recurrent, Training. That’s why,” he continued, “that one of the best ways to lower your Aviation Insurance Premiums is to provide your Insurer with proof of training.”
Aviation Insurance has a much wider scope than just coverage for a pilot. In fact, depending upon you association with flying, Aviation Insurance might be an important consideration for you. The areas that fall under the “umbrella” of Aviation Insurance include, but are not limited to:
- Private GA Aircraft
- Air Taxis/Charter Services
- Gliding & Soaring
- Vintage Aircraft & Warplanes
- Crop Spraying
- Ground Service Providers
- Clubs & Flying Schools
(To learn more about this topic check out "Aviation Insurance" and "General Aviation Insurance")