1.Identify the appropriate purpose of use for an aircraft insurance policy to cover each of the following operations:
- A private aircraft used for personal recreation and personal business travel
- An aircraft used exclusively for flight training
- A corporate business jet
- Aircraft used by an air cargo company, such as FedEx or UPS
- Aircraft used by a full-service FBO offering flight training, aircraft rental, and charter
- Aircraft engaged in weather research flights in extreme weather conditions such as fully-developed thunderstorms and high-altitude wind shear
2.For each of the following events, indicate whether the event would cause you to consider its effect on your current aircraft insurance policy and explain why:
- You have spent several thousand dollars to upgrade the aircraft’s avionics.
- You are going to allow another pilot to fly your aircraft.
- You’ve been using the aircraft only for your own recreational, proficiency, and business travel, but have earned your flight instructor certificate and now want to also use the aircraft to start a flight instruction business.
- You’ve been flying your aircraft only within the contiguous (“lower 48”) U.S. but are now planning to fly it on a trip to Alaska.
- You’ve paid off the loan you took out to purchase the aircraft.
3.Explain in detail: What is subrogation? As a renter pilot, how can you protect yourself against subrogation? How could the aircraft owner protect you, the renter pilot, against subrogation?
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