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The Importance of Aircraft Renters Insurance for Pilots

Embarking on the journey to become a pilot is an exhilarating experience filled with challenges and triumphs. Flight schools play a crucial role in shaping the skills of aspiring aviators, providing them with the necessary knowledge and hands-on experience to navigate the skies safely. However, amidst the excitement of flight training, there’s an aspect that often goes overlooked: insurance coverage for pilots during training or rental flights. 

Here, we make the case for why pilots, should seriously consider investing in their own non-owned aircraft insurance policy.

1. Coverage Gap:

Many aspiring pilots are unaware that while flight schools typically carry insurance policies, these policies often only cover the flight school itself. This leaves student pilots or those renting aircraft vulnerable to potential financial losses in the event of an accident. Even in cases where the flight school's insurance extends coverage to students or renters, it may come with limitations or lower coverage limits, leaving both parties inadequately protected.

2. Two Essential Choices:

Investing in aircraft renters insurance provides pilots with essential coverage. There are two primary coverage options to consider:

  • Liability Insurance: This covers bodily injury or property damage caused by the pilot's alleged negligence. It essentially acts as "lawsuit protection," offering financial support and legal defense in the event of an accident.
  • Physical Damage Liability: This covers damage to the rental aircraft caused by the pilot's negligence. It's important to note that this coverage specifically addresses liability and responds only in cases where the accident is deemed the pilot's fault.

3. Real-Life Example:

Consider a scenario where a student pilot has a hard landing and damages the landing gear. They had purchased both liability and physical damage coverage. Since the damage to the aircraft was caused by the hard landing, their policy would file the claim and pay for the damage. In more severe cases involving passenger injuries, the bodily injury coverage provided by the policy can offer crucial support in legal proceedings and settlements.

4. Determining Coverage Limits:

When purchasing aircraft renters insurance, it's crucial to buy as much coverage as possible within your means. The potential financial consequences of passenger injuries in aviation accidents can be staggering, making higher coverage limits advisable. Similarly, when considering physical damage liability coverage, opting for coverage that matches or exceeds the value of the aircraft being flown ensures comprehensive protection against potential losses.

In conclusion, aircraft renters insurance is a vital investment for pilots at all stages of their flying journey. It not only provides crucial financial protection but also offers peace of mind, allowing pilots to focus on their passion for flying without the burden of potential liabilities looming overhead.

AssuredPartners Aerospace is AOPA’s partner for aircraft renters insurance. Our aviation insurance specialists can give you examples of how each coverage applies to your individual situation and help you figure out the right coverage for you, at the price you can afford. Plus, AOPA members save 5%.

Visit today to learn more and start your policy in minutes. Or call 800-622-2672 today to speak with one of our experts. We look forward to serving all your aviation insurance needs.

Topics: Ownership, Insurance, Corporate Partner

AssuredPartners Aerospace

As AOPA’s strategic partner for aviation insurance, AssuredPartners Aerospace, one of the nation’s largest aviation insurance firms, provides the absolute best insurance protection to fit your needs. Whether you’re flying your own airplane, renting, instructing, or running an aviation business, we have an unmatched depth of knowledge and resources driven by the desire to set a new standard for service and responsiveness. With more than 25 years’ experience serving pilots’ aviation insurance needs, our expertise has been developed over years of working closely with the nation’s best insurance carriers. We understand the exposures that make aviation insurance unique.