On 2007-07-13, Matt Barrow wrote:

I'm not sure I understand how an insurer would even know how many
hours a pilot is flying for the current policy year.

They ask you (and it's essentially an affirmation under oath...plus
they MAY ask for your logs)

How often do they collect that information? I would expect them to do
that upon establishing or renewing a policy, but mid-term? If you
reveal in the middle of a policy year that you have not logged any
hours, do the rates increase?

I can see how an insurer would value air time logged in the *past*
(which I assume is already factored into the rate quote for the
following term). Do pilots update their insurers mid-term to get
mid-term rate reductions?

Experience.

You're way out of your element here and setting yourself up for a
thumpin'.

Whatever concept I'm missing, feel free to explain it to me like I'm a
two year old. I'm a noob. Give me whatever thumpin' I need to
understand you. AFAIK, my knee-jerk analysis of it tells me only
logged airtime in the past can work to reduce my insurance bill. I
see hours/days in the future as risk, and I'm surprised to hear that
an insurance company would not hold the same view.

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