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Damaged Goods: A Reflection
In the unfortunate event of damage to your aircraft, hull insurance should pay for repairs, but unless you have additional Diminution of Value protection, it will not cover the loss created by documented damage history.
Unexpected Costs from a Foreign Object Damage (FOD) Event
What to expect if your aircraft experiences if your engine(s) experience Foreign Object Damage.
Do your aircraft borrowers maintain a diminution of value rider to their Hull Insurance policies?
If (or when) your aircraft is damaged, appropriate hull insurance coverage will pay to physically restore the aircraft to a serviceable condition. If you intend to keep that aircraft for the duration of its useful life, repair is probably sufficient. But what if you want or need to sell the aircraft ?
Do you have an up-to-date Aircraft Borrower Default Procedure Checklist?
Unfortunately, when a material borrower default occurs, the financing institution is usually the last to learn that there was a problem. AvRisk uses proactive asset management tools to make sure that you have the earliest possible notification that a trouble may be on the horizon, giving you the opportunity to work with your customer to structure the best possible outcome in times of financial distress.