Originally Posted by
AirBear
I'm wondering if insurance problems will drive more users to the larger charter operators or fractional aviation. The article mentioned rate increases from 20% to 300%, if you could get insurance at all.
I wonder if there's any law for planes like with cars where you have to carry a minimum level of liability insurance? I'm sure if the plane is financed you'll have to keep insurance on it.
Some states have laws requiring it just like cars. Many don't.
Uninsured planes are most likely light ASEL. Folks who can afford heavier planes typically have a lot of assets to lose so will get insurance whether it's required or not.
I suspect the root cause of the insurance crisis is pilots flocking to the airlines. The lower tier of corporate aviation is going to get left with those who are too inexperienced or who have too many black marks for the regionals... you can see where that's headed