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Insurance is a challenging but necessary component of the aircraft purchase process. If you are an aviation professional, for example, insurance companies typically set the requirements and premiums based on your experience as a pilot and the type of airplane you plan to purchase. While you may want to put off obtaining insurance until the last minute, it will do you good to carry out the task sooner rather than later.
http://www.holsteinaviation.com/info-articles/buy-plane-four-critical-steps-toward-aircraft-ownership/

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