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  • Keeping us updated helps keep you a Preferred Pilot

    You have probably noticed that every year about four months before your policy expires you receive a letter and a renewal update form from LL Johns. The first question most people ask when they receive it is “Didn’t I just do that?” The answer is yes, about a year ago. The second question may well be “Why do I have to do this every year?” Here’s why…

    In order for us to secure the best all around insurance program for you…at the best price…we need your current information. All underwriters want pilots to maintain currency and proficiency.When we receive your updated information it is sent to insurance carriers with a request for their very best quote. Underwriters want to know that your medical and flight review are current, and you have not had any accidents, incidents or violations. If something has occurred, they need to know the details. In addition, hours flown in the past twelve months are reported on the update form, along with information regarding any training that has been completed during the previous year.

    There are three things that every pilot can do to get the very best rates…recurrent training, recurrent training, and more recurrent training. In the eyes of the underwriters, pilots that complete annual recurrent training are THE preferred pilots. All of the companies want to insure them and consequently they get the lowest rates and best coverage. In some cases, underwriters will require formal recurrent training for all pilots. For jet and turbo-prop airplanes, as well as piston powered pressurized singles and twins, underwriters usually require annual recurrent training at a facility that is approved by the insurance carrier. This requirement applies to the 10,000-hour pro and the weekend Malibu pilot with 500 hours in his logbook. Even though annual recurrent training is usually not required of the Cessna 172 or Bonanza pilot, underwriters are duly impressed when pilots of these aircraft put some time and effort into maintaining or upgrading their skill level. Training as basic as a Flight Review with a local CFI, if it is completed every year, demonstrates to the underwriter that the pilot is serious about maintaining his or her proficiency. Another example is an annual IPC sharpens the instrument skills of pilots with an instrument rating. These all not only increase the confidence level of the pilot, but also the confidence of the insuring underwriter.

    Pilots that engage in annual training, keep good records, and report it on annual renewal updates are considered preferred pilots by all of the underwriters. For example, one carrier offers a Preferred Pilot Coverage Expansion Endorsement for pilots that meet certain minimum standards and complete annual recurrent training. The rates charged are 7.5% lower than standard and the expansion endorsement adds Voluntary Settlement Coverage for injury to passengers.

    While we realize it may seem time-consuming and redundant to provide us the most up to date information yearly, the effort results in the best program available to fit your needs. So the next time you get our renewal update form, look at it as a way for you to help us help you!