If you’ve been following our coverage of the aircraft insurance market you’ll know that it has—as we predicted a year ago—“hardened.” That’s a broker buzzword for high premiums, demands for frequent training and medical certification, longer transition instruction when moving up in aircraft and in some cases, non-renewal of policies even if you haven’t had major claims.
Based on the calls and emails we get here at the magazine, a wide swath of the market has been hit in some way, but older pilots and those who fly turbines, high-performance twins and taildraggers are especially being targeted. Some buyers are making deals on aircraft only to find out they can’t insure them.