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Tag Archives: Airventure
Don’t let your aviation insurance lapse!
Aviation insurance lapse?
Don’t let your aviation insurance lapse or expire just because you are not flying or the cost of your insurance. With the corona virus issues in the country, many pilots have parked their aircraft. Which is fine in some cases, but it might not be the best for everyone.
There have been changes happening daily in aviation insurance underwriting for the last year or so. One of which is the aviation insurance premiums are increasing. We have see 10% to even 100% premium increases (depending on the plane and pilot).
But it’s not just the premiums increasing, the underwriting requirements are also changing. Depending on your aircraft and your age, if you let your coverage lapse, you might not get quoted again. Aviation insurance is not an automatic renewal, you need to start over each year.
If you have a unique or low production aircraft you might have difficulty getting a company to quote the aircraft.
This is also especially important if you are close to 65 years old or older! Make sure you contact us (or your broker) before you let your insurance expire. There are aviation underwriters that will not quote new business for pilots older than 65. Once you cancel or let a policy expire, you become “new” business. At that point, the insurance underwriter that you let expire does not have to take you back.
There are options to keep the coverage in place even if you are not flying. You could keep ground not-in-motion coverage on the hull to protect it from fire theft and storms. Or you can reduce the coverage to liability only.
The idea is to keep the policy in place and not have the risk of not being able to get coverage in the future.
Questions, contact SkySmith at – ins@skysmith.com or 515-289-1439
RECORD NUMBERS AT WORLD’S GREATEST AVIATION CELEBRATION
EAA AIRVENTURE OSHKOSH 2024
RECORD NUMBERS AT WORLD’S GREATEST AVIATION CELEBRATION
Comment from EAA CEO and Chairman Jack Pelton:
- “This year’s tag line was ‘Inspiring the Future of Aviation’ and AirVenture 2024 certainly did that in countless ways. The mix of innovation, history, excitement, and fun that is a hallmark of Oshkosh was present throughout the grounds and made the event a memorable one, filled with numerous ‘Only at Oshkosh’ moments in the air and on the grounds.”
Attendance: Approximately 686,000 – Highest total on record! (Previous: 677,000 – 2023). Comment from Pelton:
- “Over the past decade, and especially since 2020, we have seen AirVenture move to another level, as we maintain the heart of the event while adding programs and activities that appeal to aviation enthusiasts of all interests. Kudos to our dedicated volunteers and staff who plan and adjust to make it work.”
Total aircraft: More than 10,000 aircraft arrived at Wittman Regional Airport in Oshkosh and other airports in east-central Wisconsin. At Wittman alone, there were 16,780 aircraft operations in the 11-day period from July 18-28, which is an average of approximately 113 takeoffs/landings per hour when the airport is open.
Total showplanes: 2,846 including: 1,200 vintage aircraft, 975 homebuilt aircraft, 337 warbirds, 154 ultralights and light planes, 82 aerobatic aircraft, 65 seaplanes and amphibians, 23 rotorcraft, and 10 balloons.
Camping: More than 15,000 sites in aircraft and drive-in camping accounted for more than 40,000 visitors.
Volunteers: Nearly 6,000 contributing in excess of 250,000 hours.
Commercial exhibitors: 861 (record number).
Forums, Workshops, and Presentations: More than 1,600 sessions hosted during the week at 65 venues.
Social Media, Internet and Mobile: More than 23.9 million people were reached by EAA’s social media channels during AirVenture, with engagement of 3.7 million; Total social media video views: 17 million (up 149 percent over 2023); Nearly 45,000 social media followers gained; In addition, more than 142,000 hours of AirVenture live streaming and on-demand videos were viewed during the event.
International guests: A total of 2,581 attendees registering at the International Visitors Tent from a record-setting 98 countries outside the U.S., a 9 percent increase over 2023. As a significant number of international visitors do not officially register at the tent when they arrive, the actual international visitor total is much higher.
The Gathering shines: The EAA Aviation Foundation’s annual event to support its aviation education programs attracted more than 1,000 people and raised a record $2.8 million dollars that will be focused on EAA’s mission of growing participation in aviation.
Media: 836 media representatives on-site, from six continents.
Economic impact*: $170 million for the five counties in the Oshkosh region (Winnebago, Outagamie, Fond du Lac, Calumet, and Brown). * – based on 2017 University of Wisconsin Oshkosh economic impact study
What’s ahead for EAA AirVenture Oshkosh 2025 (July 21-27, 2025)? Comment from Pelton:
- “We’ve already received plenty of ideas for next year and a little bit later this summer, we’ll begin reviewing what might be possible for 2025. Our annual goal is to create a gathering of people and airplanes that is found nowhere else in the world, and continue to improve the experience for EAA members and visitors.”
Information updates posted at www.eaa.org/airventure