Aviation Insurance

1,055 views
905 views

Published on

This presentation, will educate you on Aviation risks and exposure as well as what is required for us to provide a proper quotation.

Published in: Economy & Finance
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
1,055
On SlideShare
0
From Embeds
0
Number of Embeds
4
Actions
Shares
0
Downloads
47
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Aviation Insurance

  1. 1. THE GENERAL AVIATION RISK APPLICATION WEBINAR Presented by: BLAIS AVIATION INSURANCE SERVICES JANUARY 28, 2010 WWW.BLAIS AVIATION.COM 1
  2. 2. AVIATION INSURANCE APPLICATIONSThere are a number of aviation exposures and each has its own application(s). This webinar will focus on the general aviation exposure application and pilotquestionnaire. You can view the various applications by visiting the Blais Aviation Insurance Services website. www.blaisaviation.com 2
  3. 3. TYPES OF AVIATION EXPOSURES PLEASURE &INDUSTRIAL AID BUSINESS SINGLE ENGINE 3
  4. 4. TYPES OF AVIATION EXPOSURES PLEASURE &PLEASURE & BUSINESS BUSINESS ROTORWING MULTI ENGINE 4
  5. 5. TYPES OF AVIATION EXPOSURES AEROBATICSTUDENT PILOTS 5
  6. 6. TYPES OF AVIATION EXPOSURES WARBIRDSAIRSHOWS 6
  7. 7. TYPES OF AVIATION EXPOSURES LARGE AIRPORTSSMALL AIRPORTS 7
  8. 8. TYPES OF AVIATION EXPOSURES MANUFACTURES PRODUCTS FIXED BASED COMPLETEDOPERATORS FBO’S OPERATIONS 8
  9. 9. AVIATION UNDERWRITING & ANALYSIS Every aviation insurance underwriter has slightly different guidelines he/she follows toarrive at a rate, but virtually without exception they all take the following into considerationsomewhere in their deliberations. Each factor,to the Underwriter, represents a change in the chance of an accident or affects his/her chances of profit from your policy. 9
  10. 10. KEY FACTORS AVIATION UNDERWRITERS CONSIDER • What kind of aircraft & age • Avionics – Control Panel • Value • Common locations flown to • Who are the pilots – skills! • How is the aircraft used • Where is the aircraft kept • Claim data 10
  11. 11. THE COMPONENTS OF AVIATION UNDERWRITINGPleasure & Business Industrial Aid StudentInstructional – Rental Private Charter Commercial Pipeline Patrol ATP Power Line Patrol AIRCRAFT Instrument Crop Dusting Instructor Banner Towing Type Rating Total Hours Make & Model Hours Single Engine Land Multi Engine Land Single Engine Sea Multi Engine Sea Turbo Prop Turbo Jet Complex Avionics Unusual Characistics 11
  12. 12. FOR GENERAL AVIATION RISKSUNDERWRITERS WILL REQUIRETHE FOLLOWING APPLICATIONS PILOT QUESTIONNAIRE & AIRCRAFT APPLICATION 12
  13. 13. PILOT QUESTIONNAIREName of Aircraft Owner:Name of Pilot: Date of Birth:Address:Pilot’s Occupation:Employer: Date Employed: 13
  14. 14. PILOT QUESTIONNAIRECheck All Certificates and Ratings Currently Held( ) Student ( ) Airline Transport ( ) Rotorwing ( ) Type Rating (Specify Aircraft)( ) Private ( ) Single Engine Land ( ) Centerline Thrust( ) Instrument ( ) Single Engine Sea ( ) Mechanic Airframe( ) Commercial ( ) Multi Engine Land ( ) Mechanic Powerplant( ) Instructor ( ) Multi Engine Sea ( ) Other (Specify) 14
  15. 15. Airman’s Certificate No: Date Certified:If Student: (Name of instructor or FBO) - (Instruction airport location)Date of Last Medical: Class of Medical:Medical Waivers ( ) Yes ( ) No If Yes please explain:Date of Last Biennial Type of Aircraft Date of Last SimulatorReview : Used: Instruction:Manufacturers Ground and Attended and Dates:AOPA Membership #: EAA Membership #: PILOT QUESTIONNAIRE 15
  16. 16. PILOT QUESTIONNAIREEDUCATIONHigh School: College: Graduate School1. ( ) 2. ( ) 3. ( ) 4. ( ) 1. ( ) 2. ( ) 3 ( ) 4.( ) 1. ( ) 2. ( ) 3 ( ) 4.( )Name Of School Years Attended Did You Graduate? 16
  17. 17. PILOT QUESTIONNAIREFLYING EXPERIENCEPlease show flying experience in logged hours.Do not group different aircraft of the same type inthe category for the make and model on whichapproval is being sought. If hours can not besubstantiated by log books, please explain howhours have been verified/reconstructed. 17
  18. 18. PILOT QUESTIONNAIRE – FLYING EXPERIENCESingle Engine Aircraft Make and Model of Aircraft Pilot in Co-Pilot Total Time Total Last 12 Total Last 90 Command Months Days Total Single Engine: 18
  19. 19. PILOT QUESTIONNAIRE – FLYING EXPERIENCEMulti Engine Aircraft & Jet Aircraft Make and Model of Pilot in Co- Total Total Last Total Last Aircraft Command Pilot Time 12 Months 90 Days Total Multi-Engine: 19
  20. 20. PILOT QUESTIONNAIRE – FLYING EXPERIENCESeaplanes and Helicopters Make and Model Pilot in Co-Pilot Total Total Last Total Last of Aircraft Command Time 12 Months 90 Days Total Sea/Helo. : 20
  21. 21. PILOT QUESTIONNAIRE – FLYING EXPERIENCESingle Engine Aircraft Make and Model of Aircraft Pilot in Co-Pilot Total Time Total Last 12 Total Last 90 Command Months Days Total Single Engine:Multi Engine Aircraft & Jet Aircraft Make and Model of Aircraft Pilot in Co-Pilot Total Time Total Last 12 Total Last 90 Command Months Days Total Multi-Engine:Seaplanes and Helicopters Make and Model of Aircraft Pilot in Co-Pilot Total Time Total Last 12 Total Last 90 Command Months Days Total Sea/Helo.: Grand Total 21
  22. 22. PILOT QUESTIONNAIREAIRCRAFT ACCIDENTSHave you ever been involved in an aircraft accident?( ) Yes ( ) NoIf Yes please explain: Location Date Make and Model Remarks 22
  23. 23. PILOT QUESTIONNAIREPlease Explain Circumstances:1.If you have a physical impairment, waiver, limitation, or conditions on yourMedical or Pilot Certificate.2.If an FAA, Transport Canada, Military Pilot or other similar Certificate held byyou has been suspended or revoked.3.If you have ever been cited for a violation of any aviation regulation in anycountry.4.If you have ever been convicted of or pleaded guilty to a felony or drivingwhile intoxicated.Explanations: 23
  24. 24. PILOT QUESTIONNAIREName of Agent or Broker:Address:All particulars herein are declared to be true and complete to the best of my/ourknowledge and no information has been withheld or omitted. I/We agree that thisapplication and the terms and conditions of the policy in use by the insurer shall be thebasis of any contract between Me/Us and the Insurer. I herby authorize the insurer toinvestigate all or any qualifications and/or statements contained herein.Date: Applicant’s Signature (s): THIS APPLICATION DOES NOT COMMIT THE INSURER TO ANY LIABILITY NOR MAKE THE APPLICANT LIABLE FOR ANY PREMIUM UNLESS AND UNTIL THE COMPANY AGREES TO EFFECT THE INSURANCE. 24
  25. 25. AIRCRAFT INSURANCE APPLICATION BLAIS AVIATION Agent or Broker INSURANCE SERVICES Address Phone: 972-818-4090 Fax 972-818-4088 Phone www.blaisaviation.com Fax E-MailNamed Insured & Address: Current Insurance Company:E-Mail Address: Effective Date:Business Occupation:Insurance is requested from: 12:01 AM to 12:01 AMPhone: Residence ( ) Phone: Business ( ) Phone: Fax ( ) E-Mail Address: 25
  26. 26. AIRCRAFT INSURANCE APPLICATIONAIRCRAFTYear, Make & Model FAA Total Engine Engine Number Seats Hours Horsepower 26
  27. 27. AIRCRAFT INSURANCE APPLICATIONAIRCRAFTAircraft usually based and ( ) Hangered ( ) Tied Down at (City &State):________________________________________________Airport: __________________________________( ) Private Airport ( ) Public AirportPaved Runways Yes ( ) No ( )Are any flights contemplated outside continental U.S.? ( ) Yes ( ) NoIf “Yes”, where: _____________________________________ 27
  28. 28. AIRCRAFT INSURANCE APPLICATION COVERAGES AND LIMITSLIABILITY COVERAGE LIMITS Each Person Each OccurrencePremiumsA. Bodily Injury, excluding passengers $ $ $B. Passenger Bodily Injury $ $ $C. Property Damage XXXXXX $ $ D. Combined Single Limit Bodily Injury and Limiting Each $ Property Damage, ( ) person or ( ) Passenger to $( ) Including Passengers ( ) Excluding $ Each OccurrencePassengersE. Medical Payments: ___including Crew $ $ $PHYSICAL DAMAGE COVERAGE Insured Value DeductibleF. While Not In Motion $ $ $G. While In Motion $ $ $Other $ 28
  29. 29. AIRCRAFT INSURANCE APPLICATIONUSAGE AND OPERATION( ) Pleasure and Business( ) Industrial Aid( ) Limited Commercial( ) Commercial Excluding Instruction & Rental( ) Commercial( ) Flying Club( ) Low Altitude Photography( ) Air Ambulance( ) Air Hearse( ) Patrol Flights( ) Banner Towing( ) Crop Dusting( ) Instruction of: (Name of Student):( ) Special Uses – Please Describe: 29
  30. 30. AIRCRAFT INSURANCE APPLICATION OWNERSHIP INFORMATIONApplicant is:( ) Sole Owner( ) Owner subject to mortgage or conditional sales contract.( ) Lessee ( ) Other – explainApplicant is:( ) Individual ( ) Corporation ( ) Limited Liability Corporation( ) Co-Ownership/PartnershipIf aircraft is encumbered, name and address of lienholder or lessor:Amount of encumbrance (excluding interest and finance chargers):$Will Lienholder’s Interest be required by lienholder? ( ) Yes ( ) No 30
  31. 31. PILOT INFORMATION Pilot No. 1 Pilot No. 2 Pilot No. 3 AIRCRAFT INSURANCE APPLICATION PILOT NAME Date Certification (s) Medical Hours Logged as Pilot in OF Of & Ratings Certificate Command PILOT Birth Please List Date Class All Aircraft Make and Model Total SEL MEL Total Last 90 days 12 Months 31
  32. 32. PILOT INFORMATION Pilot No. 1 Pilot No. 2 Pilot No. 3 AIRCRAFT INSURANCE APPLICATION PILOT FAA Certificate Number Date of Last Biennial Flight Review Details of other proficiency training Name and address of pilot’s employer if other than applicant: Pilots AOPA or EAA Membership Number/s if a member: 32
  33. 33. AIRCRAFT INSURANCE APPLICATIONSUPPLEMENTAL QUESTIONSDoes the aircraft have OTHER than a standard airworthiness certificate in full effect?Are there any other aircraft owned by the applicant?Has the aircraft been equipped with modifications not provided by the manufacturer?Will the aircraft be normally operated in OTHER than paved public airports?Will the aircraft be used for student or pilot instruction OTHER than for recurrent training of pilotslisted in the “Pilot Information” Section of this application?Will other than the applicant and pilots listed in the “Pilot Information” Section of this applicationhave use of the aircraft?Will aircraft be used for any purpose (s) for which a charge is made?Is there any unrepaired damage to the aircraft?Has the applicant or any pilot listed in the “Pilot Information” Section of this application everbeen involved in any aircraft accident?Has the applicant or any pilot listed in the “Pilot Information” Section of this application everbeen cited for violation of any aviation regulation in any country? 33
  34. 34. AIRCRAFT INSURANCE APPLICATIONSUPPLEMENTAL QUESTIONSHas the applicant or any pilot listed in the “Pilot Information” Section of this application ever hadan FAA, Military, or other pilot certificate suspended or revoked?Does the applicant or any pilot listed in the “Pilot Information” Section of this application haveany; (a) physical impairments, (b) waivers, limitations, conditions on their medical certificates oron their airman certificates? If “Yes” please explain.Has the applicant or any pilot listed in the “Pilot Information” Section of this application everbeen convicted of or plead guilty to a felony, possession of drugs, or of driving while intoxicated?Please Explain any “Yes” answer in the space below or on a separate sheet of paper: 34
  35. 35. AIRCRAFT INSURANCE APPLICATIONMINIMUM PILOT REQUIREMENTSI/We understand and acknowledge that there is no coverage in flight unless the aircraft isbeing operated by the pilot(s) designated on this document who has/have at least thecertificates, ratings, and pilot experience indicated, and who, is/are qualified for the flightinvolved. INITIAL .USE REQUIREMENTSI/We understand and acknowledge that there is no coverage in flight if the aircraft is used forany purpose other than the use designated on this document. INITIAL .AIRWORTHINESS REQUIREMENTSI/We understand and acknowledge that there is no coverage in flight unless a standardairworthiness certificate in full effect INITIAL 35
  36. 36. AIRCRAFT INSURANCE APPLICATIONAll particulars herein are declared to be true and complete to the best of my/our knowledge and noinformation has been withheld or omitted. I/We agree that this application and the terms andconditions of the policy in use by the insurer shall be the basis of any contract between Me/Us andthe Insurer. I herby authorize the insurer to investigate all or any qualifications and/or statementscontained herein.FRAUD WARNING: Any person who knowingly and with intent to defraud any insurance companyor other person files an application for insurance containing any materially false information orconceals, for the purpose of misleading, information concerning any fact material hereto commitsa fraudulent insurance act, which is a crime.I/We authorize to represent me/us in placing thisinsurance.Date: _____________________ Applicant’s Signature (s): __________________________THIS APPLICATION DOES NOT COMMIT THE INSURER TO ANY LIABILITY NOR MAKE THEAPPLICANT LIABLE FOR ANY PREMIUM UNLESS AND UNTIL THE COMPANY AGREES TO EFFECT THE INSURANCE. 36
  37. 37. Make sure you take noteof the pilot warrantywording Aircraft Pilot PILOT WARRANTY Other Location Use 37
  38. 38. HIGH WING AIRCRAFT 38
  39. 39. LOW WING AIRCRAFT 39
  40. 40. BI PLANE 40
  41. 41. AVIATION PHONETIC ALPHABETMy aircraft tail number is 1935 Lima – Tango and I am located on Taxiway Quebec on the north side of airport Alpha – Delta - Sierra TRANSLATION“My aircraft tail number is 1935LT and I am located on Taxiway Q on the north side of airport ADS” 41
  42. 42. CHARACTER TELEPHONY PHONIC (PRONUNCIATION) A Alfa (AL-FAH) B Bravo (BRAH-VOH) C Charlie (CHAR-LEE) or (SHAR-LEE) D Delta (DELL-TAH) E Echo (ECK-OH)The Aviation Phonetic Alphabet 42
  43. 43. CHARACTER TELEPHONY PHONIC (PRONUNCIATION) F FOXTROT (FOX-TROT) G Golf (GOLF) H Hotel (HOH-TEL) I India (IN-DEE-AH) J Juliet (JEW-LEE-ETT) K Kilo (KEY-LOH)The Aviation Phonetic Alphabet 43
  44. 44. CHARACTER TELEPHONY PHONIC (PRONUNCIATION) L Lima (LEE-MAH) M Mike (MIKE) N November (NO-VEM-BER) O Oscar (OSS-CAH) P Papa (PAH-PAH)The Aviation Phonetic Alphabet 44
  45. 45. CHARACTER TELEPHONY PHONIC (PRONUNCIATION) Q Quebec (KEH-BECK) R Romeo (ROW-ME-OH) S Sierra (SEE-AIR-RAH) T Tango (TANG-GO) U Uniform (YOU-NEE-FORM) or (OO-NEE-FORM)The Aviation Phonetic Alphabet 45
  46. 46. CHARACTER TELEPHONY PHONIC (PRONUNCIATION) V Victor (VIK-TAH) W Whiskey (WISS-KEY) X X ray (ECKS-RAY) Y Yankee (YANK-KEY) Z Zulu (ZOO-LOO)The Aviation Phonetic Alphabet 46
  47. 47. AVIATION ABBREVIATIONS “I am willing to insure a CFI who will be using a Fixed CONV SEL to give Dual to P’s, COM’s, or ATP’s; no SOLO until 10 hours in M&M” TRANSLATIONI am willing to insure a Certified Flight Instructor who will be using a planewith non retractable conventional gear with a tail wheel to give training by a qualified instructor to Private Licensed, Commercial Licensed or AirlineTransport Pilots. There will be no solo flying until 10 hours instruction in the make and model has been completed. 47
  48. 48. AVIATION ABBREVIATIONSThe following abbreviations are found in aviation insurance applications,policies, aircraft advertisements, manuals and pilot operating handbooks. Insurance abbreviations Page 1 of 11 AMES – Aircraft multi engine, sea ASES – Aircraft single engine, sea ATP – Airline Transport Pilot BFR – Biannual flight review C – Commercial license CFI – Certified flight instructor CFII – Certified flight instructor, instrument Conv - Conventional landing gear with tail wheel Dual – training given by a qualified instructor 48
  49. 49. AVIATION ABBREVIATIONSThe following abbreviations are found in aviation insurance applications,policies, aircraft advertisements, manuals and pilot operating handbooks. Insurance abbreviations Page 2 of 11 Fixed – non-retractable landing gear Fixed tri – Fixed tri-cycle landing gear FR – Flight review G & F – ground and flight GNIM – ground not in motion GNIF – Ground not in flight G & T – Ground and taxi Heli – helicopter or rotor wing Hr - Hours 49
  50. 50. AVIATION ABBREVIATIONSThe following abbreviations are found in aviation insurance applications,policies, aircraft advertisements, manuals and pilot operating handbooks. Insurance abbreviations Page 3 of 11 I – Instrument rated IFR – Instrument rated ICC – Instrument competency check IPC – Instrument proficiency check M – multi engine Med – medical payments Med pay – medical payments ME – Multi engine MEL – Multi engine land MEI – Multi engine instructor MM – Make and model M & M – Make and model 50
  51. 51. AVIATION ABBREVIATIONSThe following abbreviations are found in aviation insurance applications,policies, aircraft advertisements, manuals and pilot operating handbooks. Insurance abbreviations Page 4 of 11 OPW – Open pilot warranty P – Private license Pax - Passengers PIC - Pilot in command RG – Retractable gear Rotor – Helicopter or rotorcraft RW – Rotor wing SE – Single engine SEL – Single engine land SES – Single engine sea SIC – Second in command Solo – no passengers or flight instructor in aircraft 51
  52. 52. AVIATION ABBREVIATIONSThe following abbreviations are found in aviation insurance applications,policies, aircraft advertisements, manuals and pilot operating handbooks. Insurance abbreviations Page 5 of 11 TO – Take off TO & L – Take off and landings TRI – Tri-gear TW – Tailwheel TT – Total time TTL – Total time logged 52
  53. 53. AIRCRAFT ABBREVIATION Page 6 OF 110SFRM - zero time since a factory remanufacture0SMOH - Zero time since major engine overhaul FWF - Firewall forward MDH - major damage history NDH - No damage history 53
  54. 54. AIRCRAFT ABBREVIATION Page 7 OF 11 SCMOH - Since chrome cylinder major overhaul SFRM - Since factory remanufacture SMOH - Since major engine overhaul SOH - since engine overhaul (not necessarily a major) SPOH - Since prop overhaulSTOH - Since top overhaul (pistons, cylinders and valve train) 54
  55. 55. AIRCRAFT ABBREVIATION Page 8 of 11TBO - Time between overhauls (factory recommendations) TT - Total time TTA - Total time on the airframe TTAE - Total time on the airframe and engine TTE - Total time on the engine TTSN - Total time since new 55
  56. 56. AIRCRAFT PERFORMANCE AND SPECIFICATION ABBREVIATIONS Page 9 of 11 Amp - Amperage of the alternator (electrical system rating) Alt - Alternator AOC - Angle of climb C/S - Constant speed (governed speed, adjustable pitch) propeller Cu. In. - Cubic inches displacement of enginesFixed tri gear - non retractable tricycle landing gear with a nose wheel F/P - Fixed pitch (non adjustable) propeller FPM - Feet per minute (usually regarding climb) 56
  57. 57. AIRCRAFT PERFORMANCE AND SPECIFICATION ABBREVIATIONS Page 10 of 11 Gen - Generator GPH - Gallons per hour MPH - Miles per hour HP - Horsepower of engineKTS - Knots (1 knot = 1.151 statue miles per hour, or 1852 kilometers per hour) L/R - Long-range fuel NM - Nautical mile = approximately 6,080 ft. Oct. - Octane rating of fuel. 57
  58. 58. AIRCRAFT PERFORMANCE AND SPECIFICATION ABBREVIATIONS Page 11 of 11 PSI - Pounds per square inch (tire and strut pressure) Ret. tri gear - Retractable tricycle landing gear with a nose wheel ROC - Rate of climb SM - Statue mile = 5,280 ft. Sq. Ft. - Square feet regarding wing area. STD - Standard fuel V – Volts Vis - Viscosity of oil 58
  59. 59. AVIATION APPLICATION QUESTION – ANSWER SESSION 59
  60. 60. Blais Aviation Insurance Services(A division of Blais Excess & Surplus Agency of Texas, Ltd.)A wholesale specialty facility dedicated to serve as anagent/brokers backroom in the design, placement and service of aviation insurance. www.blaisaviation.com Dallas 972 818-4090 Houston 713 780-7787 Austin 512 894-3460 60

×