When it comes to insurance, the main question which everyone tends to ask is, "How much is it going to cost me?" However, insurance issues are complex so the price of coverage is influenced by a number of factors.
Although the European Regulation sets the minimum level of liability insurance which should be taken out, the cost of it usually depends on the aircraft's insured value, the pilots' experience and the aircraft's intended use.
Nevertheless, as everyone is aware, the leading cause of fatal aircraft accidents is the human factor, therefore, greater emphasis is put upon the pilot. That’s the reason why Air Courtage has decided to implement a pilot-focused insurance programme, rather than a traditional aircraft-attached insurance.
WHY TRAINING IS GAINING?
As a result, the insurance pricing grid within the LAA Member Insurance Programme takes into account the pilots propensity to challenge themselves, to train regularly and be aware of their limits. The pilots willingness to take part in LAA training, coaching schemes and GASCo Safety Events is therefore promoted and discounts are granted accordingly, once the courses have been attended.
Participation in the training associated with flying or building an aircraft are rewarded under the LAA Member Insurance Programme, as the pilots who attend these courses are more likely to consider decisions wisely and to fly safely. Enhancing and encouraging safety initiatives through insurance is very important from a long-term perspective, as the General Aviation insurance market is tiny and fragile, compared to that of commercial aviation or other classes of insurance.
Therefore, it's essential to demonstrate to insurers that the pilots they're covering have a sense of responsibility, and that premiums should be correlated to their perceived propensity to suffer an accident.
HOW TO EARN DISCOUNTS?
Training is essential for every pilot and we invite you to learn more about the LAA Pilot Coaching Scheme and training and education courses. As noted, participation in these training initiatives can bring you premium discounts through our insurance programme, which is dedicated to LAA members. Furthermore, those who hold a LAA Wings Award will also benefit from preferential rates.
For more information regarding educational training programmes, the Pilot Coaching Scheme and LAA Wings, please check out the LAA website at www.laa.uk.com or contact your Association's HQ calling 01280 846786.
More information on our dedicated webpages : http://www.air-assurances.com/laa.asp