Not all insurance carriers offer aviation insurance. With the increased popularity in flying, however, it is easier to find quality insurance now than it has ever been in the past. Some companies offer nothing but various types of aviation insurance, while others offer basic policies.As part of obtaining your coverage, you will need to fill out an application form.
The information you provide on the application form will determine if the company feels comfortable covering you or not. It is important that all of the information you provide is correct and up-to-date.
When aviation insurance companies consider taking on a new customer, they will often look at the following: type of aircraft, individual pilot qualifications such as total flying time, time in aircraft type, certificates and ratings, operation purposes including pleasure, commercial, or business, and the aircraft's home base of operations.
Types of Aviation Insurance
Third-Party Liability
Within the US, most states mandate that aircraft owners and those who operate the craft have at least third-party liability insurance, which is also known as public liability insurance. This type of insurance covers damages and injuries to third-party individuals and certain types of property damage such as homes and automobiles in the event of a crash. This type of insurance often includes payment of legal fees and attorney costs should the pilot or owner be sued in court.
These policies have a maximum limit of coverage which may be presented as either sub-limit or smooth. The difference between a sub-limit policy and smooth policy can be significant. It is important to read and understand the details of your policy, in this regard, before accepting the policy.
When aviation insurance companies consider taking on a new customer, they will often look at the following: type of aircraft, individual pilot qualifications such as total flying time, time in aircraft type, certificates and ratings, operation purposes including pleasure, commercial, or business, and the aircraft's home base of operations.
Types of Aviation Insurance
Third-Party Liability
Within the US, most states mandate that aircraft owners and those who operate the craft have at least third-party liability insurance, which is also known as public liability insurance. This type of insurance covers damages and injuries to third-party individuals and certain types of property damage such as homes and automobiles in the event of a crash. This type of insurance often includes payment of legal fees and attorney costs should the pilot or owner be sued in court.
These policies have a maximum limit of coverage which may be presented as either sub-limit or smooth. The difference between a sub-limit policy and smooth policy can be significant. It is important to read and understand the details of your policy, in this regard, before accepting the policy.
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