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EAA Insurance Solutions – New Year’s Insurance Resolutions
By Bob Mackey, Senior Vice President, EAA Insurance Solutions administered by Falcon Insurance Agency Inc.
January 7, 2015 - Many of us have made New Year’s resolutions in hopes of improving our lives, but here’s one you probably never thought of: Take out your aircraft insurance policy and read it! I could give you a lengthy list of reasons you should do this, but I’ll just make it simple by asking you some questions.
- Is your name and address correct on your policy?
- How much is your airplane insured for? Are you sure?
- Who can fly you airplane?
- Does your policy provide insurance if you fly another airplane?
- Who pays for an attorney if you need one after an accident?
- Where can you fly your airplane? Canada, Alaska, Bahamas, Mexico?
- If your engine breaks down is it covered?
- What are you supposed to do if you have an accident? Who should you contact?
- Who is an “insured”?
If you can answer these questions, then good for you! Go to the health club and work on that other resolution you made. But if you’re not sure then resolve to get out your policy and read it. Use a highlighter to mark anything you don’t understand, then e-mail or call your insurance agent.
Have a safe and prosperous 2015!
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As an EAA member you have exclusive access to a great resource with EAA Insurance Solutions. Call 866-647-4322 and talk directly to an aviation insurance professional, or to receive a free no-obligation quote for aircraft insurance visit the EAA Insurance Solutions web page. Whatever you do, make sure your aircraft insurance fits. With EAA Insurance Solutions you will find the right insurance at the best price!
Bob Mackey is senior vice president with Falcon Insurance Agency, the official administrators of EAA Insurance Solutions. If you have any comments about this article or if would like to see a specific aviation insurance topic addressed in a future article, send him an e-mail.