December 1999 Issue

Keep Me Covered

Lots of pilots can afford expensive upgrades but insuring them at any price is proving difficult.

For those of us in the market for aircraft insurance, it is, as they say in the classics, the best of times and the worst of times.

Fueled by a robust economy, the markets are brimming with capital to underwrite everything flyable. And yet, many buyers and brokers are finding the coverage they want hard or impossible to come by.

One of the longest periods of post-war prosperity shows signs of continuing into the next millennium. As a result, pilots are buying their first airplanes in relatively large numbers and even more are moving up to bigger and faster models, often when they lack the experience to do so, at least in the insurers’ eyes.

General aviation manufacturers a...

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