Today you will find there's new type of maintenance system that's not only being tested, but is showing promise for the reason that way maintenance will be performed moving into the future and that
is certainly Condition Based Maintenance or even CBM, with this maintenance process aviation equipment has test run using newly available technologies that can detect when something actually needs
fixed.
CBM is actually changing not only the quantity of labor needed to keep aircraft in good working condition, but it also reduces the amount of money that is needed with regard to labor and
replacement parts. This system makes aircraft as battle ready as possible and there's no more need to replace parts till they have actually lasted for their entire lifespan.
As army maintenance improves the device that the soldiers depend on for their missions is becoming a lot more reliable. These simple improvements influenced by using the available technological
know-how, is changing the face with the military. Nothing could be better than making sure this important equipment is always ready for action.
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There currently are
three broad categories of aviation insurance companies in the world.
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- The first type of insurance is where carriers pool their resources so as to provide coverage.
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- The second version of aviation insurance is where specific individual insurers provide the coverage directly independently forms and policies.
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- Lastly, there are Lloyd's of London correspondents that provide coverages and policies which are very similar to the pooling type associated with carriers.
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There are actually
five broad sectors available that typically purchase aircraft/aviation insurance coverage.
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- General aviation covers all aviation besides the airlines. As far as amounts go general aviation by far has the most planes that will be insured.
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- Airlines whether they can be national carriers or regional carriers or private carriers make up the bulk of the insurance buyers whose premiums are probably the greatest as respect to the
size of premiums.
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- The distribution channels of aircraft, from manufacturers to distributors to wholesalers and finally retailers also are clients of aviation insurance.
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- Airports purchase aviation insurance and there are actually two basic types.
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- The commercial airport which deals with airlines, and the
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- Fixed base operators that primarily overcome general aviation planes and pilots.
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Aviation insurance is unique in several ways but just about the most specific uniqueness is that most claims are generally catastrophic in nature not minimal losses or damages. Loss of life, loss
of the aircraft and decrease of revenue is enormous when there is an aircraft catastrophe.
Aircraft policies are very similar to ocean marine policies. Typically aircraft liability together with property policies have limitations with regards to pilot experience, types with aircraft,
types of cargo aboard, and the geographical destinations all coming to play in aircraft insurance coverage contracts.
The underwriting for aircraft insurance has its very own unique characteristics. Some in the typical areas of concern for the underwriters which goes into the underwriting process are which of:
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- Pilot experience, specifically the hours they have flown and what type of aircraft they have flown in. The vast majority associated with commercial airline pilots has usually show up through
the military ranks and contains the required hours that are needed to be able to fly commercial airlines. Pilot
Manual, Pilot Handbook