What additional aircraft insurance coverages should I consider to ensure adequate protection?
In addition to hull and liability insurance, ancillary coverages may be available.
What are additional coverages to consider?
Ancillary coverages sometimes included in a Private aircraft insurance policy:
- Medical Payments: intended to help with minor medical costs
- Baggage: can help by covering baggage onboard the aircraft
Emergency or Unexpected Landing - Hangarkeepers Liability: intended to cover aircraft not owned or leased by the insured but in the care of custody of the insured
- Mobile Equipment Liability: can help with mobile equipment in the hangar
- Spare Parts: some spare parts are not covered under a standard policy. Spare parts can be endorsed onto some policies
- Runway Foaming: foaming the runway can be expensive. In many cases runway foaming can be added to your insurance policy
- Search and Rescue: if an aircraft is in a remote location search and rescue coverage can help
- Hurricane protection
- Replacement Parts Expense
- Non-Owned Aircraft Insurance: can apply if renting or borrowing an aircraft
- Sale of Food and Beverage Liability
How can I ensure I have adequate coverage for my private aircraft?
A good aviation insurance specialist broker will have the necessary relationships with the aviation underwriters and knowledge to help place adequate coverage. Travers Aviation Insurance has been an aviation specialist broker since 1950.
- Underwriter Relationships: Insurance companies can be giant organizations handling many lines of insurance. An aviation insurance specialist broker can work directly with the aviation experts at those companies. A broker with great underwriter relationships in most cases can offer great coverage.
- Aviation Knowledge: An aviation insurance specialist broker will be familiar with your make and model aircraft and the associated risks. A good broker can place coverage for a wide range of aviation risks.
