🎙️ 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!
Episode 61: Key Foundational Principles of Insurance
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About the Author: Tim
Tim Bonnell Jr. is the Founder and President of Aeris Insurance Solutions. He is the author of the book Aircraft Insurance Fundamentals: A Concise Guide For Aircraft Owners and Operators. He’s a third-generation pilot and a second generation aviation insurance broker. Tim was raised in the aviation insurance industry and had the opportunity to learn it from the ground up. His formal education was completed at Kansas State University. Tim is a private and instrument-rated pilot. He holds the Certified Insurance Counselor and Certified Aviation Insurance Professional professional designations. In 2014, he was installed into the inaugural class of the Aviation Insurance Association’s Eagle Society. Tim has served on the boards of directors for the Aviation Insurance Association, Kansas Agricultural Aviation Association, National Agricultural Aviation Association, and the Wichita Aero Club in addition to other community organizations.