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  1. #1

    What you should know!

    As pilots we all need to be aware of, and understand, any aviation insurance policies we might find ourselves involved with. There are a number of aviation insurance policies that might impact our actions as a pilot, and being aware of them can save yourself a lot of grief!
    As pilots we love to fly airplanes, so every opportunity you get to go fly an airplane you jump at it. Friends offer you their airplane to fly, someone asks you to ferry their airplane somewhere, you take a test flight in an airplane you are contemplating purchasing or you are simply riding along and the aircraft owner allows you to fly the airplane.

    Richter Insurance and Investment
    847-325-5995

  2. #2
    We are now licensed in the state of WISCONSIN. Time to shop around for insurance!!!

    Richter Insurance Group
    847-325-5995

  3. #3
    MEdwards's Avatar
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    In the past, "shopping around" for aviation insurance "shot yourself in the foot" because one agent getting a quote from an insurer locked all other agents out of using that insurer. So if you had an agent you used regularly, but got a quote from another agent, you locked your favorite agent out.

    Sounded like a scam to me, but I suppose there might have been some rational reason for it.

    Is that still true?

  4. #4
    This is true...in the insurance world today, there is no need for 2 agents going after the same insurance carrier. Being an independent broker, I have multiple carriers I can go to and ask for quotes. The agent does't decide the premiums in todays world. Some of the time even the underwriters can't do anything about the premium that is calculated. These are computer based formulas that spit out a number. As an agent it is my responsibility to get you the best coverage's for the best rates. With that said, going to an independent broker alleviates any frustration because, like myself, they can do all the shopping for you. I hope this helps. Please let me know if you have any other questions.

    Thanks

  5. #5
    MEdwards's Avatar
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    Well, I think you just shot YOURself in the foot. You just told me there's no reason to do business with you. There's no reason for me to "shop around" for agents, like switching to you as my agent instead of the agent I've dealt with for 20 years, because it's the agent who does the "shopping around," and you all are going to get the same price from the insurer.

    The only way I'd consider switching agents is if I got a quote from my current agent (well before expiration so there's plenty of time), so they have got me their best deal, and then afterward I go to you or somebody else and see if you or they can do better.

    If I go to you first, I've just been very unfair to my current agent. What a screwy deal.

  6. #6
    I would not call it shooting myself in the foot. I appreciate anyone that tells me they have been with their current agent for many years. I too have clients that have been with me for a long time. I would be lying to you if I had answered your question any other way. I would rather you get the answers you are looking for than lie to you about it. I also have a license in what I do. Misleading people in this market not only harms you as the insured but myself in possibly losing my license. The other thing to know is that not every agent deals with the same carriers. Maybe you would like your agent to quote through a certain carrier but they do use that carrier. This is another good reason to search out multiple people. Happy hunting!

    Thank You

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