September 2011 Issue
Insurance Valuation: Too Much, or Too Little?
Flying is one of the fastest ways to burn money in this life. Airplanes are expensive and helicopters even more so. For most light airplane owners who fly less than 100 hours each year, owning the airplane actually costs more than operating it. And in recent years, many airplanes are depreciating much faster than they are being physically worn out. Buying the right amount of insurance to match the aircraft’s value is trickier than it used to be, but is still the only way to protect an expensive investment. When deciding how much physical damage coverage to buy, there are two considerations, depending upon what happens to the airplane.
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