Submitted by Don Charlebois, Owner of Airsurance, LLC
While the news of a possible reinstated SeaWings program has surfaced, I’d like to share a little bit on how doing this training correlates to your insurance rates. I have spoken at great length on the importance of recurrent training, whether you are a water flyer, or prefer your landing surface a bit harder. It’s just incumbent upon all of us pilots to keep our skills sharp, and recurrent training is a great way to do this. I have also said that in order to put you in the best position for the best insurance rates, recurrent training is a big part of the package. Since word of the Seawings program resurfaced, I have been asked by many of my clients how much of a discount they will see if they earn their wings. I believe in being a straight shooter, so my news to them isn’t the best. The fact is, there really isn’t a set discount available for this great accomplishment (please don’t shoot the messenger). I say that with this caveat, it will help your rates and certainly not hurt them! Please understand and forgive the doublespeak. If someone asks me if they do any type of recurrent training whether it’s a BFR, IPC, Wings, SeaWings etc, I tell them first as a pilot “are you kidding?” of course you should! Then as an insurance broker, I echo the words as they will benefit you with your rates. How much? It’s tough to say, but it gives me, as your broker going to bat for you, the ammunition I need to reason with the underwriter. You see, it’s hard to pick on someone who is doing all the right things, they(underwriters) still try, but I like to make it hard on them.
So let’s sum this up, is there a reward or specified % discount from the insurance underwriters for completing SeaWings? Not really. Should you still do it? Of course, if you are able, you should!
I can tell you this, my agency, AirSurance, is currently working on a proposal to lobby the underwriters for a more defined discount / incentive for earning your Seawings. If you are doing all the right things, besides being statistically safer, you deserve to be recognized where it really matters..in your wallet.
Tailwinds and friendly waters..