What Happens When You Neglect To Get Your Aircraft Appraised?
Getting an aircraft appraisal is an essential part of aircraft ownership. An appraisal is sometimes seen as an unnecessary expense or another item on your maintenance checklist, however, neglecting aircraft appraisals can have serious consequences beyond simple market value assessments. Understanding the true value of your aviation assets is necessary for you to: Meet aircraft insurance requirements Avoid being over or underinsured Provide reliable documentation for legal and insurance claim disputes Acquire financing and ensure smooth transactions Eliminate [...]