{"id":2775,"date":"2019-05-21T18:19:42","date_gmt":"2019-05-21T18:19:42","guid":{"rendered":"http:\/\/true-course.com\/site\/?p=2775"},"modified":"2019-05-21T18:19:42","modified_gmt":"2019-05-21T18:19:42","slug":"most-light-aircraft-in-the-united-states-are-underinsured-and-their-owners-are-exposed","status":"publish","type":"post","link":"https:\/\/true-course.com\/web\/2019\/05\/21\/most-light-aircraft-in-the-united-states-are-underinsured-and-their-owners-are-exposed\/","title":{"rendered":"Most Light Aircraft in the United States are Underinsured and their Owners are Exposed"},"content":{"rendered":"\n<p>US aviation insurers continue to offer a maximum per-seat limit for reciprocating engined aircraft of $100,000. As the market has hardened this year there are fewer higher limit options available for consumers therefore more are being forced to accept this limit.<\/p>\n\n\n\n<p>The standard $100,000 per seat limit has gone unchanged for at least 20 years. This per seat limit is so low and inadequate to treat serious injuries or death that plaintiff&#8217;s attorneys are being forced to go after personal assets more often than ever before. Furthermore, insurers are still on the hook for defense costs when their limits-offers are not accepted. Going after personal assets is rare but as the economy grows, along with the cost of living and medical expenses, something has to give. <\/p>\n\n\n\n<p>Due to the inadequacy of the policies&#8217; liability protection we have always recommended to clients that they practice risk management in other forms in addition to buying away the risk with a policy:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Proper preflight procedures.<\/li><li>Proper weather \/ timing selection.<\/li><li>Proper route \/ destination selection.<\/li><li>Maintaining proficiency and training often.<\/li><li>Ensuring aircraft maintenance is diligent and thorough.<\/li><li>Carefully choosing <strong>who<\/strong> to fly in the aircraft <strong>(the most important one)<\/strong><\/li><\/ul>\n\n\n\n<p>Clients who are concerned about the liability exposure are careful in choosing who they fly and a lot of them only use their aircraft for immediate family travel. <\/p>\n\n\n\n<p>Our hope is that insurers will start offering $250,000 per seat on all aircraft and charge accordingly. In our experience most of our clients would be happy to pay the additional premium. $250,000 is still completely inadequate to cover most serious injury or wrongful death settlements. But it is more likely to be accepted by plaintiffs to avert lawsuits for personal assets. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>US aviation insurers continue to offer a maximum per-seat limit for reciprocating engined aircraft of $100,000. As the market has hardened this year there are fewer higher limit options available for consumers therefore more are being forced to accept this limit. The standard $100,000 per seat limit has gone unchanged [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2181,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[22,23,24,60],"class_list":["post-2775","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-aircraft","tag-aircraft-accident","tag-aircraft-insurance","tag-pilot"],"_links":{"self":[{"href":"https:\/\/true-course.com\/web\/wp-json\/wp\/v2\/posts\/2775","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/true-course.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/true-course.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/true-course.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/true-course.com\/web\/wp-json\/wp\/v2\/comments?post=2775"}],"version-history":[{"count":0,"href":"https:\/\/true-course.com\/web\/wp-json\/wp\/v2\/posts\/2775\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/true-course.com\/web\/wp-json\/wp\/v2\/media\/2181"}],"wp:attachment":[{"href":"https:\/\/true-course.com\/web\/wp-json\/wp\/v2\/media?parent=2775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/true-course.com\/web\/wp-json\/wp\/v2\/categories?post=2775"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/true-course.com\/web\/wp-json\/wp\/v2\/tags?post=2775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}