Tag Archives: AMATEUR-BUILT AIRCRAFT

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

Ultimate Aircraft Buying Guide

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Thanks to Sara Arnold, the IAC (International Aerobatic  Club) and the EAA for inviting me to give a webinar.  I had a lot of information I wanted to share.

Todays market is still a great time to buy an aircraft. Good aircraft seem to be selling very quickly.

If you would like to hear the webinar for the first time (or an additional time), go to this link – https://www.eaa.org/videos/6255038347001

 

 

Approval of MOSAIC at EAA AirVenture 2025

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FOR IMMEDIATE RELEASE

Approval of MOSAIC rule highlights decade-long EAA leadership effort for modernized aircraft and pilot certification

U.S. Secretary of Transportation delivers news at EAA AirVenture Oshkosh 2025

EAA AVIATION CENTER, OSHKOSH, Wisconsin — (July 22, 2025) — A decade-long effort by the Experimental Aircraft Association, in association with the Federal Aviation Administration and other entities, became reality on July 22 with the announcement that the MOSAIC (Modernization of Special Airworthiness Certification) rule has been finalized and signed. U.S. Secretary of Transportation Sean P. Duffy made the announcement during the second day of the annual EAA AirVenture Oshkosh fly-in convention.

“This is one of most significant rule packages for general aviation in the past 75 years,” said Jack J. Pelton, EAA CEO and Chairman of the Board, who joined Secretary Duffy for the announcement. “This creates what can be called Sport Pilot 2.0, as it builds on the safety and momentum established by that rule two decades ago and opens tremendous possibilities for current and future pilots, flight schools, manufacturers, and many others. It is fitting that this major modernization was announced at Oshkosh, where the nation’s aviators gather each year.”

The announcement of the MOSAIC signing and its publishing in the Federal Register allow EAA and other organizations to review the new rule in-depth and create programming to meet the possibilities now available. Among the potential benefits of the new rule are:

  • Expansion of the aircraft fleet available to be flown by sport pilot certificate holders and those exercising sport pilot privileges, to as much 70 percent of the current GA fleet;
  • Availability of most of the current flight training fleet for sport pilot training, reducing costs for new pilots;
  • Potential to include a much broader base of flight instructors available to teach students;
  • Ability for GA flight schools to use their current fleet for a wider spectrum of students;
  • Opportunities for aircraft manufacturers to introduce new designs unencumbered by former weight limits.

“I can’t think of a better place than at the largest general aviation airshow in the U.S. to announce that we’re unleashing American ingenuity with a new rule to promote new designs, safer materials, and upgraded technology in the recreational aviation sector,” Secretary Duffy said. “Our recreational pilots and plane manufacturers have correctly noted outdated regulations were inhibiting innovation and safety. Let’s bring this industry into a new age!”

EAA AirVenture Oshkosh is hosting numerous forums and seminars during its event to update the entire general aviation community of the potential within MOSAIC. More resources are also available at the EAA website, and additional webinars and updates will be scheduled in the coming weeks.

About EAA

The Experimental Aircraft Association (EAA) is based in Oshkosh, Wisconsin, and embodies The Spirit of Aviation through the world’s most engaged community of aviation enthusiasts. EAA’s 300,000 members and 900 local chapters enjoy the fun and camaraderie of sharing their passion for flying, building and restoring recreational aircraft. For more information on EAA and its programs, call 800-JOIN-EAA (800-564-6322) or go to www.eaa.org.