Top Aviation Insurance Broker BWI, releases updated guide, highlighting the 10 best Aviation Insurance Companies based on over 42 years of experience.
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Corona, CA Release February 14th, 2021 Aviation Insurance is a
complex, small and unique industry and unlike car insurance with 500
different insurance companies, there are less than 20 aviation insurance
An updated guide released by
BWI, one of the Nation's top
aviation insurance brokers
highlights the 10 best aviation
For Immediate Release Aviation insurance is a crucial yet low capacity industry
with only a handful of insurance companies providing insurance for hundreds of
thousands of aircraft and aviation related risks.
The aviation insurance industry, like
all markets operates in a roughly 10-
12 year cycle and over the past 3
years the market has been
Over the past 3 years the aviation insurance industry has seen 6
insurance companies exit the market, putting more pressure on
the remaining companies to increase rates.
In the updated guide BWI Aviation
Insurance owner Matt White explains:
"Update February 2021: The aviation
insurance market continues to contract
with a few more companies exiting the
light aviation, insurance market.
Reduced capacity, along with higher aircraft repair costs and an increase in maximum liability awards,
means aviation insurance rates will continue to rise for the foreseeable future." The guide breaks down
the 10 best aviation insurance companies and lists valuable information such as when each com
Aviation insurance is unique to each
aircraft make and model, pilot
qualifications, liability coverages
requested and use of the aircraft.
More likely each quote request is reviewed by an aviation insurance
underwriter at each of the insurance companies and an insurance rate
is developed based on each companies underwriting guidelines.
"Over our 42 year history, BWI
has built longstanding
relationships with all of the above
Aviation Insurance Companies.
We work hand in hand with the above companies and leverage our
experience to find the best market for your par