When you rent or borrow an aircraft you could be personally liable for tens of thousands of dollars in repair costs and legal defense fees should damage occur, because FBO policies rarely provide adequate coverage for pilots. But a renter’s policy with the AOPA Insurance Agency, starting at $81 per year for liability coverage, provides basic protection. For $175 per year, you get comprehensive coverage, which includes bodily injury to passengers, property damage as a result of an incident, and claims for damage to a rented aircraft.
How much renter’s insurance do you need? Legal liability coverage protects against claims for bodily injury and property damage that occurs when operating a rented aircraft. All renter policies require legal liability coverage. It does not cover damage to the rented aircraft; that’s available under the physical damage for non-owned aircraft coverage. Most insurers recommend that you protect yourself with the highest amount of legal liability coverage you can afford. The amount of physical damage coverage you need depends on the estimated value of the aircraft you typically fly and what that rental agreement says you’re responsible for. Repair costs can be very high, so you really do need your own coverage.
Why renter’s insurance is crucial:
FAR 61.15 and motor vehicle actions medical process
Pilots who have applied for medical certificates will be familiar with Question 18v on the medical application, which asks about—among other things—alcohol-related motor vehicle offenses. However, some pilots may not be aware that there is an independent reporting obligation to the FAA for certain motor vehicle actions as defined in FAR 61.15(c). Some examples of a motor vehicle action include the suspension of a driver’s license or a conviction for an alcohol-related motor vehicle offense. Such reports must be made to the FAA’s Security Division within 60 days and are separate from any disclosures made on a medical application. Everyone holding a Part 61 certificate, including a student pilot certificate, is subject to this regulation.
Chad Mayer is an in-house attorney with AOPA’s Legal Services Plan who counsels plan members on a daily basis. He is also a commercial pilot, a remote pilot with sUAS rating, and an advanced/instrument ground instructor.
Web: www.aopa.org/pps