Tag Archives: Airventure

Don’t let your aviation insurance lapse!

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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

insurance lapse

SUN ‘N FUN PARTNERSHIP WITH THE ISLANDS OF THE BAHAMAS 

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SUN ‘N FUN AEROSPACE EXPO ANNOUNCES 2023 PARTNERSHIP WITH THE ISLANDS OF THE BAHAMAS 

INCLUDING helping pilots fly to THE ISLANDS

WHO:

  • Reginald Saunders, Permanent Secretary of the Ministry of Tourism Investments & Aviation, The Islands of The Bahamas
  • The Honorable John H.W. Pinder ll, Parliamentary Secretary to the Ministry of Tourism, Investments & Aviation, The Islands of The Bahamas
  • Capt. Greg Rolle, Senior Director and Chief Pilot, Ministry of Tourism Investments & Aviation, The Islands of The Bahamas
  • Ahmad Williams, Regional Manager for General Aviation and Verticals Department, Ministry of Tourism, Investments & Aviation, The Islands of The Bahamas
  • Gene Conrad, CEO, SUN ‘n FUN Aerospace Expo

WHAT:

SUN ‘n FUN Aerospace Expo and The Bahamas Ministry of Tourism Investments & Aviation will announce details of their 2023 partnership.

The partnership includes SUN ‘n FUN hosting an all-new area called The Island, presented by The Island of The Bahamas. Surrounded by Seaplanes, The Island is complete with a cafe, entertainment, restrooms, showers, a storefront for personal and aircraft camping needs, grocery delivery, an Uber terminal, a new tram system hub, and more. The Island serves as a social hub where flyers will find the Pilot Welcome Center, a stage for forums and movies, and a gathering area to reconnect with old friends and make new ones while sharing aviation stories.

In addition, SUN ‘n FUN has partnered with The Bahamas Ministry of Tourism Investments & Aviation with a fly out Grand Bahama April 2-5, (following SUN ’n FUN) to showcase the ease of of flying to The Bahamas. It is an effortless experience, well within the capabilities of most certified, experimental, and even light-sport single-engine aircraft. Fifty miles off the eastern coast of Florida, lies the legendary Bimini and Berry Islands or a northern venture out, 60 miles away, takes you to pristine Grand Bahama, home to the Bahamas’ ecological wonders. More than 63 airports on over 16 distinctive islands can be found in most GPS’ databases, and overlapping VOR/DME and NDB symbols provide course guidance from the US coast and throughout the most frequently traveled routes in The Bahamas.

About The Bahamas
Explore all the islands have to offer at www.bahamas.com or on Facebook, YouTube or Instagram to see why It’s Better in The Bahamas.

About for SUN ‘n FUN Aerospace Expo

From its humble beginnings in 1974, SUN ‘n FUN Fly-In, Inc. is a 501 (c)(3) non-profit that markets and supports dozens of year-round events, including the Aerospace Expo. Proceeds from these events are the primary source of funding for The Aerospace Center for Excellence (ACE), which has emerged as a nationally recognized leader in STEM-related and aerospace education through its various learning centers, outreach programs, scholarships, and summer camps aimed at engaging, educating and accelerating the next generation of aerospace professionals. In addition to SUN ‘n FUN, ACE is the home of the Florida Air Museum, Florida’s Official Aviation Museum and Education Center, and the Lakeland Aero Club, which is the country’s largest high school flying club. For more information, visit flysnf.org. Join the conversation on Facebook (@FlySNF) and follow SUN ‘n FUN on Instagram (@FlySNF), Twitter (@SunnFunFlyIn) and on TikTok (@flysnf).

 

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Don’t miss my Sun N Fun Forums

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Check out my forums @SunnFunFlyIn – Aircraft Buying 101:Things to Consider, How Does Age Affect Aviation Insurance, How Much does it Really Cost to Own an Aircraft. @GlobalAerospace @cessnaowner_mag @Cessna @piperaircraft @Cirrus_Aircraft @FlyingMusicians @TradeAPlane