Have you ever asked yourself – at what point in private pilot training is it absolutely essential to purchase renter insurance?
AssuredPartners Aerospace can help answer that question by briefly highlighting what renter insurance covers. First and primary, renter insurance covers your legal liability related to bodily injury and property damage (to property other than the aircraft you are flying). Additionally, it covers your legal defense for claims brought against you as a result of your aviation related liability. As an extra coverage option, you can elect insurance that covers the aircraft for an additional premium.
A couple of items for you to consider. When training for your private license, by lesson 3 or 4 you are likely preflighting and fueling the aircraft on your own – even without your CFI on the airport. If you damage the aircraft – would you be liable, most likely yes. And looking at it another way, say you’re a pilot (student or otherwise) with a CFI and have an accident. It’s nearly certain that both you and the CFI would be sued by the injured party…the FBO’s and CFI’s coverage isn’t going to defend YOU against lawsuits. Our renter insurance will as it includes legal defense.
Here’s one other thought. What if the FBO, for one reason or another, missed an insurance premium payment? Now there’s a lapse in coverage – who is going to cover the loss – most likely you - the renter. Only you can protect your financial interest, be careful when assuming someone else’s policy will cover you – especially when those policies weren’t designed for that reason.
As AOPA’s partner for aviation insurance, AssuredPartners Aerospace can help you get protected. Renter insurance is easy to purchase and doesn’t empty your wallet. It starts at a yearly rate of $81 for liability only/ $175 comprehensive coverage and can be customized with higher liability coverage for an additional premium. You can even purchase it however you choose – online, over the phone or by mail.