Learn From This Video The Benefits Of An Aircraft Renter's Insurance Policy

Loading ...
ubcnewsworld
Other
https://www.youtube.com/embed/78uaME11G-M
https://bwifly.com/aviation-insurance/aircraft-renters-insurance
Learn From This Video The Benefits Of An Aircraft
Renter's Insurance Policy
Did you know that your flight school's insurance policy only provides coverage for their
interests and not yours? Quit assuming you're covered by them and learn what you
need to do to safeguard you and your family when renting an aircraft!
BWI Aviation Insurance announces the launch of
its video covering aircraft renter’s insurance.
The video comprises details on five things you need
to know about the importance of having aircraft
renter’s insurance.
According to the newly launched video,
an aircraft renter’s insurance policy is an
important asset, especially if you're flying
or renting an aircraft that you don't own.
Also known as a non-owned aircraft insurance
policy, it is an annual policy designed to protect
you when flying an aircraft that you have either
rented or borrowed. It's also designed to help
protect you and your family from liability
damages.
Answering some of the most frequently asked questions concerning aircraft renter’s
insurance, the video guide informs that the cost for a one-year basic $250,000 liability is $75.
A full, $1M one-year liability, on the other hand, costs $185 per year.
The guide continues that aircraft renter's
insurance policies generally offer liability
coverage. In this regard, you're protected in the
event of being legally liable for bodily injury,
property damage, and legal defense charges.
When you opt for a non-owned aircraft
insurance policy, you can expect coverage for
third-party bodily injury, third-party property
damage, and physical damage to the rented
aircraft.
Listed among the non-owned aircraft covered by the renter’s insurance are Single
Engine Land Aircraft and Gliders, inclusive of standard, experimental and light
sport aircraft that are powered by a reciprocating piston engine.
Many pilots believe that their flight
school or FBO has insurance that covers
the pilots renting their aircraft, but
according to the spokesperson, this is
not the case.
BWI Aircraft Insurance advises you
not to rely on the aircraft owner or
flight school to provide you with
coverage.
Click on the links in the
description to find out
more!