What is an aircraft insurance policy?

Your aircraft insurance policy outlines and defines the terms and requirements of the agreement between you and your insurance company and the coverage provided. It is essential to understand what has been agreed upon in your policy.

What does a plane insurance policy cover?

The policy may also provide coverage for the personal items of passengers, as well as liability indemnification for the hangar that the aircraft is stored in. Insurance policies may provide for injuries sustained while operating the aircraft, the cost of emergency landings, as well as the costs associated with search and rescue operations.

Do you need insurance for your aircraft?

Nationwide! Insurance is one of those things people typically buy because they need coverage, the lender requires insurance or they are looking for added peace of mind. However, insurance, especially aviation insurance can be a lot more complex with many different coverages and stipulations that most aircraft owners don’t fully understand.