Take Command of Your Coverage: Aircraft Insurance Tips for Pilots

Join Timothy P. Pope, CFP®, as he sits down with David Hampson, partner at Schrager Hampson Aviation Insurance Group, to explore the critical aspects of aviation insurance. This episode helps pilot owners understand the nuances of insuring aircraft. From pleasure use to business use corporate jets, and the importance of having the right coverage cannot be overstated. 

David shares his journey from a young aviation enthusiast to a key figure in aviation insurance, merging his passion with professional expertise. The conversation covers a wide range of topics, including the different types of insurance coverage available, the process of securing insurance, and tips for both new and seasoned aircraft owners.

What You'll learn from this episode:
The Basics of Aviation Insurance: Understanding what coverage suits different types of aircraft operations.

• Choosing the Right Insurance Broker: Insights into selecting a broker who specializes in aviation and why it matters.
• The Role of an Insurance Broker in Aviation: How brokers help navigate the relationship between insurance companies, underwriters and the aircraft owner.
• Common Misconceptions in Aviation Insurance: David dispels myths and offers clarity on what pilots and owners often misunderstand about their policies.
• Insurance Tips for Aircraft Owners: Practical advice on what to consider when insuring an aircraft and why it's important to track your airplane's hull value.
• Deductible Plus: Why you may have to cough up some money if you have an insurance claim on your aircraft. 

This episode is packed with valuable information for anyone involved in aviation, from those looking to purchase their first aircraft to seasoned pilots and owners who want to better understand their insurance needs.

Resources:
Schrager Hampson Aviation Insurance Agency
Schedule An Appointment
Our Practice’s Website
Send Us Your Questions: [e-mail]

Timothy P. Pope is a Certified Financial Planner™and principal owner of 360 Aviation Advisors, LLC (“360 Aviation Advisors”), a registered investment advisory firm. Investment advisory services are provided through 360 Aviation Advisors, in its separate and individual capacity as a registered investment adviser. Podcast episodes are provided through Pilot’s Portfolio, in its separate and individual capacity.

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