When it comes to aviation insurance, the stakes are incredibly high. Whether you're a private pilot, an aircraft owner, or a commercial operator, ensuring that your insurance coverage is both adequate and effective is crucial. The application process is one of the most critical aspects of securing the right coverage.
Loaning your aircraft to a friend, colleague, or fellow pilot might seem like a kind gesture—but it’s one that carries serious liability and insurance implications.
As an aircraft owner, you must deal with various contracts on a regular basis. Whether it is a loan agreement, maintenance service contract, hangar agreement, dry lease, or any other type of legal document, you need to make sure your contracts are aligned with your insurance coverage.
The physical damage coverage on your airplane is a fixed amount of exposure. That is, the maximum you stand to lose is the value of the aircraft, which is known.
Flying to Mexico can be an exciting adventure, whether for business or pleasure. However, it’s crucial to understand the insurance requirements to ensure a smooth journey. One common question pilots and aircraft owners have is whether they need a Mexican liability policy. The short answer is yes.
Switching aviation insurers can seem like a straightforward decision, especially if you’re looking for better rates or more comprehensive coverage. However, there are several potential downsides to consider before making the move.
As a flight instructor, chances are you will live a long life, fly thousands of hours, and instruct hundreds of students who go on to have many years of accident-free flying.
When it comes to your aviation insurance policy, you have probably heard the terms “Named Insured” and “Additional Insured.” Although these terms can mistakenly be used interchangeably, it is important to understand how to differentiate them when it comes to your aviation insurance coverage.
Your aircraft has suffered a gear up landing. Your insurance carrier has been notified and the repair of the aircraft is underway. You don’t have a lien on the aircraft with a bank, so you decide since the aircraft won’t be flying until repairs are complete, a smart move would be to either cancel the insurance, place the coverage on a ground not-in-motion basis, or maybe apply for a lay-up credit, all to save premium dollars.
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.
After being alerted that several insurance underwriters were no longer writing aircraft policies in Missouri, AOPA worked to solve the issue with the state’s Department of Commerce and Insurance.
SkyWatch Insurance Services, provider of usage-based insurance for drones, cars, and motorcycles, announced its fully digital, customizable light aircraft owner’s insurance platform.
The AOPA Insurance Agency announced it will offer a new member benefit called SnapQuote, a quick and easy platform that provides access to a full line of personal insurance products from many of the top carriers in the industry.
BasicMed is just around the corner, so we thought it would be an excellent time to update everyone on how the insurance marketplace will approach the new regulations. AOPA Insurance has done research with our non-owned carriers and aircraft owners insurance carriers and found nearly every one of our core carriers will gladly acccept BasicMed in place of a medical. Article also explains how insurance rates are derived and if the new rule will cause an increase in them.
Flying your own aircraft to a new destination is exciting, whether you’re trying out new wings or planning an extensive cross-country hundreds of miles, and several fuel stops, away. This issue of AOPA Pilot’s focus on destinations is AOPA’s annual salute to the best general aviation has to offer: travel. And because AOPA is an association for pilots, by pilots, it can harness the power of many resources—from online flight planning tools to the best advice from globe-trotting aviators.