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| If you have any questions about FalconTrust Group or our services, you can send an e-mail directly to
faq@falcontrust.com |
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| How important is it for me to continue pilots training? |
| All pilots, professional or pleasure, want to be thought of as highly qualified in the cockpit. Many, however, don't want to prepare, train, practice and pay the price to be one of the best. Remember, the underwriting community hears all the bragging, the excuses and the broken promises from agents and pilots daily. Don't overlook the importance of recurrent training. Most underwriting companies are requiring annual schools for all pilots flying turbine, jet or high performance piston equipment. Underwriting statistics have long proven the school-trained pilot has fewer losses. If we know annual training is required, we may as well make it a vital part of our underwriting submission. We look more professional and will be rewarded with a better underwriter response. |
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| Why should I use an Aviation Insurance Specialist, can't my regular insurance agent write my policy? |
| Pick your aviation insurance agent carefully and steer clear of amateurs. There are very few aviation insurance specialists compared to the total number of general insurance agents. A general practitioner (agent) usually will know only a few aviation underwriting companies at best and will have such a small volume of aviation business that he will not be able to match the client with the most appropriate company. Unlike many other lines of insurance, aviation insurance policies vary greatly in content and coverage. It is very important that your agent understands the broad forms from the limited forms. Although you may qualify or want a restricted form of coverage, your agent should have the knowledge and ability to counsel you on the differences. |
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| How critical is correct information? Should I overestimate my pilot hours? |
| It is important to give accurate information to underwriters. It is acceptable to use approximations on such things as pilot hours if you underestimate. Many policies will make the hours and ratings given on the pilot's underwriting submission a requirement of the policy. If you over estimate your experience, you may find yourself not meeting the minimum standards set for you in your policy. If you employ a pilot, it is up to you to assure the information furnished by your pilot is accurate. Check his logbooks |
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