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Old 05-09-2020, 02:57 PM
  #15  
hindsight2020
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Joined APC: Oct 2006
Position: Center seat, doing loops to music
Posts: 825
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Just got my renewal for the Arrow and it went up significantly without changes in coverage, hull value, trigger age (age 70 applicants et al), or claims on my part. Some in the sector are suggesting there's been consolidation in the market and players are exiting, which would stand to reason would allow these providers to hike up the rates.

I've been an airplane owner for the last 9 years and this is the first time I've seen such a hike. Usual rates bottom out at 1.5% of hull. My current provider just went to 2.4%, so I had to change, though it meant I lost coverage to travel down to PR or USVI.

At any rate, only bring up this anecdote to contrast the notion aviation insurance is an in-demand occupation, if these consolidations are factually accurate. Sounds like firms are bleeding cash right now from where I sit as a customer.
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