Obama’s 2013 budget plan includes higher air passenger fees
The 2013 budget plan proposed by the Obama administration calls for a rise in passenger security fees at airlines, with a goal of collecting as much as $25.5 billion in additional passenger fees over the next 10 years. Airlines have expressed disapproval at the proposed fee increase, citing possible job cuts. The budget request also proposes a bill that would boost transportation spending to $476 billion over six years as well as a $1 billion budget for hardware upgrades at the Federal Aviation Administration. The Wall Street Journal/Dow Jones Newswires (2/13), USA TODAY/Today In The Sky blog (2/13), The Hill/Transportation blog
Category Archives: aviation insurance
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Non automatic renewals for Aviation policies….
At this time none of the aviation companies offer automatic renewals on any aviation policies.
One biggest reason is there is not a standard recording system for pilots. Automotive insurance is not generally based on how may hours you drive the car, but on your driving record (which is recorded and accessible through a motor vehicle record search).
Aviation requires updates of how many hours you fly and if you have had any accidents and violations. Since there is not a central location to gather that information for all pilots, they do not automatically renew. The insured has to provide the updated information every year. It is a very labor intensive process from our end and kind of a pain for the insured…
Hope that helps.