Aviation Insurance
Tips & Advice to help you make your decision on Aviation Insurance
Just like you wouldn't own and operate a car or a truck without vehicle insurance, so you shouldn't operate a plane without aviation insurance. You don't want to risk losing everything you've invested in your plane should a storm blow it across the air field or a tree fall on it and damage a wing.
Aviation insurance, like car insurance, protects a plane owner should his or her airplane be damaged due to an accident or to an act of nature like a hurricane or a tornado. Such insurance also, generally, offers some liability protection in the event that someone is injured when riding in your plane.
Look for insurance from a reputable, proven company. A good insurance agent will take the time to get to know your individual circumstances and insurance needs. She or he will also work to sell you just the coverage you need without adding on a lot of extras that really don't apply to you. A good agent will also be available to answer your questions, even after the sale.
When searching for a company to insure your plane, it's wise to review the offerings of several different companies. Business.com offers a variety of insurance vendors. Visit the links on the left to learn more about the products and services they offer.
Aviation Insurance Education and Training
Increase your knowledge and enhance your resume with aviation insurance education and trainingBy Shannon Hurley Become a better aviation insurance provider by participating in specialized education and training programs that will build up your resume and advance your career goals. By taking advantage of additional courses, designations and educational resources, you are demonstrating to current and prospective clients your commitment to the aviation insurance industry and competence as an insurance professional.
Before deciding to partake in specialized schooling, however, take into account your geographical location, career goals and time constraints. Review the following steps when considering aviation insurance education and training:
1. Obtain the only designation available for an aviation insurance agent: Certified Aviation Insurance Professional.
2. Utilize specialized educational programs and partnerships intended for professionals working at aviation insurance companies.
3. Learn more about aviation insurance policy through supplementary resources and materials.
Acquire the CAIP designation after working in the aircraft insurance industry for 5 years
Earning special certifications is advantageous for working professionals. There is only one designation, however, available for aviation insurance adjusters and that is the Certified Aviation Insurance Professional (CAIP). Visit the Aviation Insurance Association to begin your program of study and enhance your career opportunities.
Try: Learn about the Certified Aviation Insurance Professional program offered by the Aviation Insurance Association. Sign up for the pre-requisite courses needed to obtain the CAIP designation at the American Institute for CPCU and Insurance Institute of America.
Take advantage of special airline insurance programs and partnerships
Strengthen your credentials working at an aviation insurance agency by participating in aviation business insurance partnerships and educational programs. Not only will you personally benefit by advancing your educational background and skill set but you will professionally benefit by demonstrating to current and future clients your airline flight insurance expertise. Access program information online before registering or participating for any professional or educational program.
Try: Visit the National Business Aviation Association and learn about the Professional Development Program. Become a strategic partner in the area of risk management and insurance with the International Air Transport Association.
Utilize aviation insurance supplementary resources and materials
Take advantage of print resources to save time and money. Reading books that highlight aircraft maintenance insurance, aircraft liability insurance and commercial aviation insurance will increase your professional efficiency and expertise without requiring you to participate or pay for an educational course or program. Evaluate and order books online that meet your career needs.
Try: Look at ISBNdb.com to view and purchase a book about the law and practice of aviation insurance. Check out "Introduction to Aviation Insurance and Risk Management" at Open Library and choose which link provides the best purchase price.
- Set yourself apart from other aircraft insurance professionals and aircraft insurance companies by listing and explaining all educational and professional achievements attained on your resume.
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