For each of the following events, indicate whether the event would cause you to consider its effect on your current aircraft insurance policy and explain why: You have spent several thousand dollars to upgrade the aircraft's avionics.

You are going to allow another pilot to fly your aircraft.

You've been using the aircraft only for your own recreational, proficiency, and business travel, but have earned your flight instructor certificate and now want to also use the aircraft to start a flight instruction business.

You've been flying your aircraft only within the contiguous ("lower 48") U.S. but are now planning flying it on a trip to Alaska.

You've paid off the loan you took out to purchase the aircraft.