Morocco isn't taking any chances with its 24 Lockheed Martin F-16s.
The country has asked the US Air Force to shop around for insurance. The $50 million per aircraft policy, which includes a (gulp!) $250,000 deductible, covers the risk for the 3-5-month period between aircraft delivery in Fort Worth and aircraft arrival in Morocco. The USAF posted the solicitation earlier today.
If you're wondering if this is normal, the USAF's solicitation puts to rest any doubt. The USAF asks a series of questions to would-be bidders, including a few that reveal an almost touching naivete.
The country has asked the US Air Force to shop around for insurance. The $50 million per aircraft policy, which includes a (gulp!) $250,000 deductible, covers the risk for the 3-5-month period between aircraft delivery in Fort Worth and aircraft arrival in Morocco. The USAF posted the solicitation earlier today.
If you're wondering if this is normal, the USAF's solicitation puts to rest any doubt. The USAF asks a series of questions to would-be bidders, including a few that reveal an almost touching naivete.
In an attempt to obtain the maximum insurance possible at the lowest cost, should we be considering insurance for the fleet of jets or per jet? Are there other options?
Should a claim arise is it reasonable to assume it would be handled between Morocco and your company?
What certificates/licenses is an insurance company required to hold to insure aircraft? Would your company be willing to provide evidence of such?
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