CFIs: Uninsured could equal underwater in debt
As a professional, you may be held liable for incidents caused by your students both during instruction and after the fact when you are not physically on board during a flight when a mishap occurs. With defense costs averaging around $20,000 for this type of legal action, your insurance dollars are well spent to secure a CFI Non-Owned Aircraft Insurance policy, which provides unlimited defense costs for a covered loss. Avoid having legal fees and costs to repair aircraft damage come from your own pocket.
The AOPA Insurance Agency can review your insurance needs with you and help you select the best coverage options for your CFI training activities as well as your personal flying in non-owned aircraft, and provide coverage for both uses on the same policy.
To further protect your pocket, the AOPA Insurance Agency offers a 5-percent AOPA-member discount on CFI policies along with a 10-percent renewal discount if you maintain a clean flying record and have had no claims.
When it comes to your finances and livelihood don’t take chances. Contact the AOPA Insurance Agency for your free quote at 800/622-AOPA.
As with all AOPA-endorsed products, a portion of the revenue generated is returned to AOPA and reinvested to fund the association’s efforts to maintain your freedom to fly, improve safety, preserve airports, and grow the pilot population to ensure the future of general aviation for all.
June 21, 2011