Just received the renewal notice for my Biplane insurance. Imagine my surprise to see a 20% increase in the premium. Would it be correct to assume that everyone is seeing these increases? I find it interesting that safety statistics continue to improve, we have the "safety enhancement" of mandatory ADSB on line now, and underwriters are requiring more transition training than ever before, but our rates are steadily going up. I guess the insurance companies have to do their part to put a few more nails in the coffin of general aviation. We all have a point where the costs of owning, operating, and maintaining aircraft will no longer be manageable or justified. This just pushes me one step closer to mine.
