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New Options For Aircraft Renters Insurance For June 2020 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 loss. 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 $1,000,000. 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 Global Aerospace. 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 annually, $144. 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
