Top 10 Legal Mistakes Aircraft Owners make with Insurance

For those who did not attend M13 this weekend in Dallas, attached are my slides as a .pdf.

Always happy to answer anyone’s questions.Top Ten Legal Mistakes Owners Make with Aircraft Insurance.pdf (1.54 MB)


one question - on slide #6 you have a dot point “Lack of claim detrimental to carrier” - can you explain what that means?



Awesome presentation! You are a terrific public speaker!

Thank you for sharing a small taste of your wisdom.


Generally, even if a policy requires the insured to make a claim within a certain time frame (i.e., 30 days after the incident), the carrier must generally still accept the claim at a later date if the insured’s failure to make a timely claim is not detrimental to the carrier. For aircraft damage, a late claim by the owner is usually not an issue. In the event of a lawsuit against the owner by someone injured, the failure to timely notify the carrier could increase their legal costs and in rare cases, result in a denial.

Very nice.

For #8 if it’s a first party claim (ie fixing your aircraft) the carrier will normally require a Proof of Loss. They’re not final and you can come back should further expenses occur.

In the event they ask you to sign a Policy Holders Release then that is final, they are only used in certain situations - for example when you decide to take the money of the estimate and handle the claim yourself to avoid a total loss.