About Markel Specialty
Markel Specialty, a valued subsidiary of the larger Markel Corporation, is an esteemed insurance company specializing in a wide array of coverage tailored specifically for the aviation and aerospace sectors. Their expertise shines particularly in the domain of private jet insurance. With a focus on meeting the unique needs of each client, Markel Specialty has established a reputation as a trusted provider in niche markets!
A Short History
Founded in 1930 by Samuel A. Markel in Richmond, Virginia, Markel Corporation began its journey as a surplus lines insurer. Over the decades, it expanded its horizons through strategic acquisitions and the formation of specialized subsidiaries. Markel Specialty emerged from this vision, concentrating on insurance products that call for specialized knowledge and skill, especially in aerospace and aviation. This niche focus has allowed the company to grow and satisfy a diverse clientele, including private jet owners and charter firms.
Main Products & Services
Specialized Aviation Insurance Solutions
- Aerospace & Aviation Insurance: Coverages include private jets, commercial aircraft, helicopters, and drones, with safeguards against hull damage, liability, and other aviation perils.
- General Liability Insurance: Comprehensive protection against claims of injury or damage for various businesses.
- Property Insurance: Ensures businesses are covered for physical assets against risks like fire, theft, and natural calamities.
- Professional Liability/E&O Insurance: Designed to guard professionals against negligence or service failures.
Other Offerings
Additional Tailored Insurance Solutions
Markel Specialty also delves into property insurance for aircraft, helicopter insurance, and coverage for unmanned aerial vehicles. With a commitment to innovative risk management solutions, the company continuously adapts to meet the new challenges in aviation, including eVTOL insurance and specialized coverage for charter companies. They truly provide a safety net for aviation businesses across the board!
Market Position
Markel Specialty’s commitment to personalized services sets it apart from traditional insurers. Their deep understanding of the unique challenges within the aviation industry ensures they deliver precise and effective solutions tailored to each client’s risk profile.
Community Engagement
The company doesn’t only provide insurance; Markel Specialty participates in various philanthropic activities, supporting educational and community development initiatives. This community engagement reflects Markel’s core values, reinforcing their commitment to helping others thrive.
Conclusion
With strong leadership from CEO Jennifer W. Himes and a history of innovation, Markel Specialty remains a pivotal player in the aerospace and aviation insurance market. They are dedicated to enhancing their offerings and adapting to the evolving needs of their clients in this dynamic industry.
Please sign in to see contact details.
Add Review
Read More Reviews
S H
a year agoVelosurance / Markel has not processed policy cancellation despite multiple requests. Additionally, they've continued to bill me after confirming that my policy cancellation was processed. Additionally, they're billing me extra for a minimum premium that I believe in good faith was satisfied much earlier.
Phil B
a year agoCON ARTISTS ALL THEY DO IS TAKE YOUR MONEY THE POLICY MEANS NOTHING THEY WILL NOT PAY YOU CONTACT ME I WILL PROVE IT TO YOU! I HAVE OVER $100,000 IN VERIFIABLE CLAIMS THAT THE POLICY STATES ARE COVERED THEY STILL REFUSED TO COVER I CAN GET YOU NAMES OF THE AGENTS POLICY
Katie Weimer
a year agoWish I would have read the reviews before purchasing. They are running a scam and will never fulfill your claims. I, like others, submitted all the requested information and I was told my documents were insufficient.
Trapper
a year agoHas been my Cycle I sura certain for years. Good service.
Colton Stallings
a year agoSomehow charged me money without me ever knowing this company existed.