Aviation News Journal
If it flies, it's in Aviation News Journal
In part one of our article on assessing your own risk we covered the potential risks facing Commercial Aviation Business and Airport Occupants and how insurance can be used as a way to protect yourself and your business. Now we’re going to look at potential risks for aircraft owners, both private and commercial.
Aviation is an industry built on passion. Whether it’s a private interest or the path to a paycheck, aviation demands a special level of dedication that other industries may lack. It’s because of this intrinsic passion that covid-19’s impact on aviation feels more devastating, at least to me.
I have been an aviation insurance broker for over 30 years now and have seen aircraft hangars incorrectly insured by non-aviation brokers as barns, garages, and out-buildings. There are a handful of general insurance companies in Canada that are able to provide proper coverage at affordable rates.