Insurance FAQ videos

[lowflybye]

I spent some time out at the hangar creating a few videos to answer some of the more frequently asked questions that I receive as well as some common misconceptions that I have run accross. Hopefully these will help answer some questions for you fellows as well.

I have uploaded the first one and have about a dozen more that I hope to have up within the next week. Let me know if you fellows have others that you would like to see and I will do my best to get around to them.

[andy]

Good video, Chris. This is a good format to address insurance questions that keep coming up in the forums like:
-Off-airport landing coverage
-Insurance coverage when using externally mounted cameras
-High claim rate (and premium cost) airplanes
-Make/model experience premium breakpoints or lowering your premium through training

[ZPilot]

Also:

Floatplane insurance.
(More specifically, how do insurance companies really expect most pilots to get 50 or 100 hours of time in Make/Model airplane....rent it?)

[lowflybye]

Andy-

I have one discussing off airport and hope to have it up soon...I'll try to work on the others.

ZPilot - Floatplanes is a broad topic...gotta narrow it down a bit or we will have a full length movie

[BeeMan]

Chris,

Liked your video so here is a question you might consider. How does is operating out of a "closed" airport viewed by insurance? Same as operating off airport?

Case in point is the Lake Hood Float Plane basin in Anchorage. The airport is closed seasonally when winter sets in even though the ADOT takes a tie-down fee for ski planes tied down on the lake ice. We are advised that "Lake Hood is closed" and "Operate at your own risk" prior to takeoff and landing on skis. Is this an issue for insurance?

[lowflybye]

How does is operating out of a "closed" airport viewed by insurance? Same as operating off airport?

Yes, same as off airport...

[dirtstrip]

Thanks for taking the time to do the videos. All the top questions in one place. Looking forward to the next.

[lowflybye]

Named -vs- Additional Insured

[lowflybye]

CFI Non Owned

[ZPilot]

Andy-

ZPilot - Floatplanes is a broad topic...gotta narrow it down a bit or we will have a full length movie

Floatplane insurance.
(More specifically, how do insurance companies really expect most pilots to get 50 or 100 hours of time in Make/Model airplane....rent it?)

It is a mystery to me. How does one, considering the individual is not a millionaire, get insurable to buy his/her first floatplane? Mind you, this person (me, and several others like me) don't have 500 hours of time logged in make & model here. Obviously, I can't afford to rent a floatplane for 500 hours, and I betcha there is not a rentable make & model out there that is going to be what I intend to purchase...
I can't afford to purchase a floatplane with cash.
I have a full time career, and cannot instruct float ratings.

[andy]

Great videos, Chris! Keep posting them.

[lowflybye]

Alright...6 more have been posted with one more left to edit. I will try to get back out to the hangar and shoot some more addressing some of your topics when time permits.

Non Owned on Aircraft Policies
Personal Non Owned
Training in Your Aircraft
Fictitious Named Insured
Airshow / Fly-In Waivers
Off Airport Operations

[Live2aviate]

Great videos, Chris!! Watched your first ones last night, just went through all of those you just posted. Thanks!!

[lowflybye]

Last one until I have a chance to shoot some more

Medical Payments

[dirtstrip]

Chris,
Understanding your policy is really important so thanks for the videos. What about the guy who makes a claim. Is it like car parts and insurance repair? Does he have the right to have new parts as replacements or must he settle for his repaired or other reconditioned ones? The answer may be in the insured value vs repair costs but what about if the repairs will be less than the insured value if new parts are included.

Too soon to have this thing drop off page one.

[lowflybye]

Filmed another dozen videos last week...I will post them as we get them edited and uploaded. I believe I covered all the questions asked in this thread thus far, but keep them coming and I will do my best to get to them all.

Aircraft Value
Automatic Increase of Value

Dirtstrip - here is the answer to your question: Repair Parts & First Right of Refusal

[lowflybye]

[lowflybye]

Emergency Landing Coverage

Here is one for ZPilot: Transition Pilots

[lowflybye]

[lowflybye]

Still more coming...

Trip Interruption

Answering Andy's questions:
How Are Rates Determined
Aerial Photography
Premium Break Points