Disclaimer: Every detail that I share with this video is for entertainment purposes only. This is only based on my experience and my opinion on it.
Over the years, I’ve made several videos about this topic and shared my experience when it comes to insuring your plane. The most recent one I’ve talked about how my insurance cost doubled in 2020. Everyone who was insuring their aircrafts in that year saw a significant cost increase in that area. For almost 2 years now, you basically have to bite the bullet. But, it’s also important to know why this is happening especially for me since I’m now on the business side of things.
I’ve been on a journey to find out how this industry work and the elements that affect the price. Here are the 4 factors I found that affect the premium cost of insurance that we pay.
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