Why Do you Need to Know about Insurance Aircraft Appraisals?

Aeromaxusa23 Dec, 2021Miscellaneous

Appraisals are usually performed by a skilled professional with an unbiased opinion. The appraisal itself incorporates peculiarities summarizing the existing market behavior for all types of aircraft. For example, the physical piece of collateral itself is examined such as: ? Age ? The existing condition of interior and exterior of the plane ? Number of flight hours and landings ? Avionics and any installed equipment or upgrades In general, this equips an appraiser with a good idea of the current shape the aircraft is in. In addition to this, the immediate physical condition of the plane, the appraiser looks at the maintenance history of the aircraft. Properly fill out logbooks, if any major repairs have been done, and if any major flight incidents have occurred in the past.