Episode 61: Key Foundational Principles of Insurance

️ Dive into the fascinating world of #AviationInsurance with the latest episode of the Aviation Insurance Podcast! Host Tim Bonnell demystifies key principles of insurance like the law of large numbers and indemnification. Did you know insurance aims to restore you to the state prior to a loss, and not to profit from a claim? ✈️ Understand the difference between first party and third party coverages and make informed decisions about your insurance purchases. Knowledge is power when it comes to managing risks!