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.
This type of insurance covers those who are passengers inside the aircraft in the event of injury or death. In some areas, this coverage is mandatory. In other locations, it is not mandatory for smaller aircraft. Check with your state authorities.
Combined Single Limit Coverage
Combined single limit coverage is somewhat unique in that it combines public liability insurance with passenger liability insurance. For those who only fly occasionally, this can be a good option.
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.
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.
This type of insurance covers those who are passengers inside the aircraft in the event of injury or death. In some areas, this coverage is mandatory. In other locations, it is not mandatory for smaller aircraft. Check with your state authorities.
Combined Single Limit Coverage
Combined single limit coverage is somewhat unique in that it combines public liability insurance with passenger liability insurance. For those who only fly occasionally, this can be a good option.
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.
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