Insurance, like a fire extinguisher or home alarm system, is one of those things you purchase with the hope that you’ll never need to use it.
There’s no getting around it, though. We have, and often are required to have, insurance for our cars, our homes, our health and our lives. And for those of us fortunate enough to own an aircraft, we need insurance for our airplanes, too. Until recently, aviation insurance was a blip on the airplane ownership radar, and arranging and paying for it were just part of the noise of ownership costs. We received some quotes (more on this later), chose the desired options, wrote the check, and likely forgot about it until renewal time one year later. Rinse and repeat.