Aviation Insurance Costs Are Broken Down In Relation To Total Aircraft Ownership Costs By Leading Aviation Insurance Broker, BWI.
Corona, CA Release January 25th, 2021.
There are many misconceptions about the cost of aircraft ownership that keeps many would be owners from making the leap. BWI Aviation Insurance owner Matt White breaks down the full cost of aircraft ownership.
For Immediate Release
For many people outside of the aviation industry, they would assume that aircraft ownership is reserved for the millionaires and elite celebrities of the world. However, many are shocked to find out that they can own a plane for roughly the same costs as a luxury vehicle. Granted the ensuing costs and annual expenses add up to make it an expensive decision, but one that is entirely affordable for many middle class individuals and families.
In his latest writing BWI Aviation Insurance owner Matt White breaks down the full cost of aircraft ownership while highlighting that aviation insurance costs is just one of the expenses and by far not the largest. “I’ve seen would be aircraft owners walk away from the opportunity to own a plane for a variety of reasons,” said White, “but I’ve rarely seen them walk away from the table over the cost of aviation insurance.
He went on to explain that it is indeed important for potential owners to count the cost before making the purchase, but aviation insurance is one of the last expenses considered. “If they can afford to purchase outright or finance a plane and cover the annual operating costs, they can afford aviation insurance.” added White.
White explained that the cost of aviation insurance can vary from year to year as brokers like himself try to shop the best rates each year for their clients. He went on to clarify that because so much has been invested in the plane at the point of ownership, pilots don’t blink at picking up the proper coverage to protect that investment. As more and more pilots take to the skies, it may become clear to many that private aircraft ownership is not reserved for the rich and famous.
About BWI Aviation Insurance
BWI has been at the forefront of the aviation insurance industry since 1977. Family and veteran-owned, BWI sources aviation insurance solutions for every range of aircraft from gliders, fixed wing, jet aircraft, drones and more. Headquartered in Corona, CA, BWI locates coverage for aircraft owners nationwide along with a satellite office based in Anchorage, AK.
Contact Info:
Name: Matt White
Email: [email protected]
Organization: BWI Aviation Insurance
Address: Box 847527 Los Angeles, CA 90084, United States
Phone: +1-800-666-4359
Website: https://bwifly.com
