10 Key Pieces of Information to Prepare Before Arranging Aircraft Insurance

If you are looking to obtain an insurance quotation for your aircraft, providing your broker with the right information from the outset will both speed up the quotation process and help insurers offer more accurate terms and conditions.

For an initial assessment, in most cases it is sufficient to prepare the following 10 key pieces of information:

1. Aircraft Make and Model

The aircraft manufacturer and exact model should be provided. For example: Cessna Citation XLS+, Gulfstream G550, Airbus A320-200, Bell 429.

2. Registration Number

The aircraft registration mark should be provided. For example: TC-ABC. If the aircraft has not yet been registered, its current registration and/or MSN can be provided.

3. Aircraft Value (Agreed Hull Value)

The value for which the aircraft is to be insured should be specified. For example: USD 8,500,000.

4. Year of Manufacture and Serial Number (MSN)

The aircraft's year of manufacture and Manufacturer's Serial Number (MSN) help insurers accurately identify and assess the risk.

5. Purpose of Use

It is important to specify how the aircraft will be operated, for example: Private, Corporate, Commercial, Charter/Air Taxi, Cargo, Training, Aerial Work, etc.

6. Countries and Geographical Areas of Operation

The geographical scope of operations should be specified — whether the aircraft will operate within Türkiye, throughout Europe, or worldwide. Any planned operations into war or high-risk areas should also be disclosed separately.

7. Pilot Information

Pilot licences, total flying hours and, particularly, experience on the aircraft type to be insured are important factors in the underwriting process. Pilot CVs may also be requested where necessary.

8. Passenger Capacity and Required Liability Limit

The aircraft's passenger seating capacity and the required Third Party & Passenger Liability / Combined Single Limit (CSL) should be specified. For example: USD 50,000,000 CSL.

9. Existing Insurance and Claims History

The expiry date of the current policy and, where available, the aircraft's claims history for the past 3–5 years should be provided. Where there have been claims, the nature of the incident and the approximate amount of the loss should also be disclosed.

10. Required Covers

Depending on the nature of the operation, the required covers may include Hull All Risks, Aircraft Liability, Hull War, War Liability, Spares, Deductible Insurance, and other additional covers.

The Right Information Means a Faster and More Accurate Quotation

Every aircraft insurance risk is different. Even two aircraft of exactly the same make and model may attract different insurance terms and premiums due to differences in usage, pilot experience, geographical scope of operations, aircraft value and claims history.

Providing your broker with complete, accurate and up-to-date information therefore makes it easier to approach both domestic and international aviation insurance markets and obtain the appropriate coverage, limits and pricing for your aircraft.