What You Need To Know About Aviation Aircraft Renter’s Insurance -…

Being appropriately insured is something that should be on every pilot’s pre-flight checklist. That is true of aircraft you own and, just as importantly, aircraft you rent. In fact, confirming you have coverage when renting may be more important in some ways, as it might not be top of mind, the way insurance is for aircraft you own.

This article explains what renter’s insurance (or non-owned aircraft insurance) is, what it covers, and other key aspects of this vital coverage.

Financial Protection for Rented Aircraft

It is a common, though incorrect, belief that the aviation insurance policy that protects your aircraft automatically extends to cover airplanes you rent or borrow. When using an aircraft you do not own, it is critical to have renter’s insurance.

Global Aerospace provides coverage for certain single-engine aircraft operations (multi-engine aircraft can be endorsed onto the policy) flown in the U.S., Canada, Mexico and the Bahamas and while traveling between points therein.

Renter’s insurance covers legal liability and expenses, including:

• Property damage to non-owned aircraft
• Third-party property damage
• Third-party bodily injury (Note: Medical expenses for crew and passengers are automatically included, with limits that can be increased during the underwriting process.)
• Legal defense costs
• Deductibles and other costs

Excess Coverage for Personal Use of Aircraft

This insurance is “excess” coverage, meaning it is in addition to any other valid and...