Aircraft Renters insurance products are expanding and diversifying, giving pilots more options. With the aviation insurance marketing hardening, more options is a welcome change.
New Options For
Insurance For June
Aircraft renters insurance is a product offered by various aviation
insurance carriers and it is designed to protect you when flying
aircraft that you do not own.
Aircraft renters insurance is a
secondary coverage, meaning the
aircraft owners insurance policy is
always primary in the event of a
If there are coverage gaps or no coverage, an aircraft renters
insurance policy will step in.
Aircraft renters insurance policies
offer liability coverage starting at
$250,000, all the way up to
Aircraft renters insurance policies can also offer
physical damage for non-owned aircraft.
For years, aircraft renters insurance
policies were offered and sold as annual
insurance policies through aviation
insurance brokers, backed by solid
aviation insurance companies such as
Cost: Global Aerospace: 1/YR Annual policy including $250,000 in Liability
Coverage: $72* Starr: 1/YR Annual policy including $250,000 in liability coverage,
$1,000 medical expense and $1,000 physical damage coverage: $147.
1/MO policy including the above
coverages, $12, or if carried
Summary: Both companies are offering great
insurance options at competitive prices.
If you are in need of aircraft
renters insurance for only a
month or two.
Our take: If you regularly rent or fly aircraft that you don't own, we
highly recommend obtaining an Aircraft Renters Insurance Policy.
Piloting aircraft always carries an
increased risk and liability exposure and
having a solid liability insurance policy
gives you peace of mind and protection
in the event of an accident.
Contact Us At: https://bwifly.com