Aircraft insurance is not like car and home insurance. The biggest mistake we see uniformed, potential aircraft owners making is calling around for rates. Please, for your own good, let us explain how this works before you make a single phone call to any insurance broker / provider!
There are very few insurance underwriters in the aviation arena compared to property and casualty companies. Even fewer when you narrow them down by niche and capabilities. If you call, say AOPA insurance, and ask for a quote, you are talking to a random person at a call center that takes your information and fills out the form on their computer and then electronically submits it to the underwriting companies. Your resulting quote is simply based on actuarial statistics, nothing more. More importantly, your name and info are now in a database, so later calls to other brokers will produce the same results even if your circumstances are different from your original call.
If you are learning and flying at a well-respected facility like Platinum Aviation Training, you have a different set of circumstance and the underwriters know this and will take it into account if you handle the situation properly. Many insurance underwriters recognize Platinum Aviation's superior training standards and safety history and you can take advantage of this by using the right insurance broker. Instead of your application being electronically submitted, a broker that knows us will call a specific person at the underwriting company and relay your personal circumstances to the underwriter, letting them know that you are training with someone they know and trust. Typically, when you randomly call an insurance provider, the underwriter is basing the rates on the lowest common denominator. They must assume that you are the worst pilot with the worst judgment and training with the worst instructor. They have to do this to protect their interest. If they know you are learning from someone they personally know and trust, there can be a big difference in rates and training requirements.
Platinum Aviation has been doing business with Chris Turnbull with Chappell Smith & Associates since we first opened. We have developed close ties and respect with them as well as our underwriter and others. As an aircraft owner that trains with Platinum, you should take advantage of these relationships. Platinum gets nothing from referring our clients to our insurance providers. Referral fees violate insurance regulations. We only do this to help you, our valued client / customer.