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Helicopter Insurance Rates Are On Pace To Increase According To BWI, A Helicopte The aviation insurance market has been hardening throughout 2020, with helicopter owners among the hardest hit. BWI Aviation Insurance warns pilots to prepare for an extended hardening of this tight market. Long before COVID-19 pandemic hit and dealt a significant blow to the U.S. economy, aviation enthusiasts were reeling from a cyclical hardening of aviation insurance rates. While the aviation industry is incredibly diverse and now includes unmanned aircraft such as drones, this hardening was seen across all types of crafts with rotary aircraft among the hardest hit. In an attempt to help helicopter pilots navigate this difficult season, leading aviation insurance broker, BWI Aviation Insurance offered tips for gaining the lowest rates. "There is not much that helicopter pilots can do to avoid the rising rates in their entirety," White added, "But they can mitigate the damage as much as possible." All aviation insurance works as a pool and when there are massive losses, the entire industry feels the impact. The high-profile helicopter crash that took the life of NBA superstar Kobe Bryant and his daughter is thought to be a loss that will affect aviation insurance rates for years to come. There are approximately 12 aviation insurance companies writing policies in America and they have all experienced a high number of claims in recent years. 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
