Aviation insurance & risk
Aviation insurance buyer questions
Start with the question, then follow the relevant guide for a deeper review.
Does an airport lease prove that I have the required insurance?
No. The lease states the obligation; the policy and endorsements determine the insurance. Compare required insured parties, activities, limits and conditions with the actual forms.
Does hangarkeepers replace aircraft hull insurance?
They address different interests. Hull concerns physical damage to the insured aircraft; hangarkeepers concerns the business’s liability for customer aircraft in its custody, subject to the form.
Is a legally qualified pilot automatically accepted by the insurer?
Regulatory eligibility and policy pilot requirements are separate. Review the applicable aircraft, use, experience, training and written-approval provisions before a crew change.
Does non-owned liability pay for damage to a rented aircraft?
Do not assume it does. Aircraft physical damage may require separate provisions, limits and conditions. Identify the person or business insured and its role in the flight.
Is there a universal federal insurance requirement for every aircraft?
Do not apply air-carrier requirements to all owners. Part 205 addresses applicable direct air carriers; other obligations may arise from the operation, jurisdiction or contract.
What determines an aviation premium?
Underwriting considers the specific aircraft or service, declared use, pilots, values, locations, claims and contracts. A generic online premium range cannot establish terms for a particular operation.
Will my policy pay to correct defective maintenance?
The cost of correcting the work itself and liability for resulting damage may be treated differently. Read the actual exclusions, grants and endorsements rather than grouping all workmanship demands together.
What should I bring to a risk review?
Bring the current policy with endorsements, an accurate operation description, aircraft or customer values, loss runs, pilot information where relevant and the contracts you need to satisfy.
A focused conversation
Start with the operation.
Then examine the insurance.
Bring your aircraft or service profile, current policies and key contracts. Identify what needs a closer review.