Aviation Insurance:
Aviation
is the part of insurance that responds most quickly to changes in the financial
markets.
Some years aviation coverage is
competitive, some years the insurance companies have a take it or
leave it attitude. Your friends
in congress passed legislation which has more than doubled the rates
for mechanics and repair stations.
Other than that, aviation is becoming more competitive and we
now have a number of companies that
want to quote coverage - even if you've had an accident
or an incident.
It is very important
that you select an agent that will represent you correctly when he talks
to the
insurance companies. Any bad
information or incomplete applications, will make the customer look
bad, even though it was the agent's
actions that caused the problem.
Be sure that your
agent properly presents the following information when you are going for
a
quote:
1.
All of your experience and ratings.
2.
All details of Any Claims in the last 5 years
3.
Any additional training that you have taken
i.e. Wings Seminars, Mountain Flying, Dual for a higher rating or certificate
Finally, because
most brokers can talk to most companies, you will do yourself a favor to
use
only one broker to market your account.
If several different applications arrive for the same
customer, the company doesn't know
which one is right, and the customer looks bad.