STAYING INSURED: TRAINING, LOYALTY, DOWNSIZING: Some guidance from those who approve the policies and pay the claims.

The article explores the difficulties faced by older pilots in obtaining insurance coverage for their aircraft, particularly if they are flying older planes or have limited experience. It emphasizes the importance of proving the value and upgrades of the aircraft, as well as maintaining its condition. The article also discusses the potential challenges that aging pilots may face in transitioning to new aircraft and the impact of aging on their cognitive abilities. It concludes by mentioning the increasing cost of replacement parts and the need for insurance underwriters to consider various factors when assessing risk. Additionally, the article mentions the challenges faced by pilots seeking insurance for tailwheel airplanes and advises pilots to prioritize training, currency, and medical certification, as well as maintain proper documentation for their aircraft. Loyalty to an insurance company is also highlighted as important in a difficult insurance market. [Extracted from the article]