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Jet Insurance Rates Will Be Impacted By Travel Restrictions According To BWI With standard commercial air travel posing new healths, private air travel is on the rise. Leading aviation insurance broker BWI points to the demand for private jet insurance as an indicator that this trend is here to stay. Where the major airlines saw economic disaster, private jet pilots and fleets saw an opportunity. Leading aviation insurance broker BWI noticed this trend as private jet owners began to inquire about whether they had the proper coverage to step into the space of this new demand. Their observations were noted in this article about the increased demand and the effects on private jet insurance, but can best be summarized by BWI owner Matt White. In that conversation, White noted that "Aircraft owners need to continue to pay their insurance premiums actually led to steep discounts in private air travel as they viewed some revenue as better than no revenue due to a need to cover their fixed costs like aviation insurance." With private air tra The growth of private air travel seems to have the ability to remain in place as the economy opens back up. Those rate increases were expected to continue through 2021, but aviation insurance experts are watching the markets closely for any signs of a shift. About BWI Aviation Insurance BWI has been at the forefront of the aviation insurance industry since 1977. Family and veteran-owned, BWI sources aviation insurance solutions for every range of aircraft from gliders, fixed wing, jet aircraft, drones and more. Contact Us At: https://bwifly.com
