Aircraft Insurance Guide
Everything you need to know about protecting your aircraft and liability
Aircraft Insurance Essentials
Types of Coverage
Liability Insurance
Covers bodily injury and property damage to third parties. Usually required by lenders. Typical limits: $100,000 to $1 million.
Hull Coverage
Covers damage to your aircraft from accidents, weather, or other perils. Can be all-risk or named-peril.
Medical Payments
Covers medical expenses for passengers and crew. Typical limits: $1,000 to $10,000 per person.
Insurance Costs
Typical Annual Premiums:
- • Small single-engine aircraft: $500 - $2,000/year
- • Twin-engine aircraft: $2,000 - $5,000/year
- • High-performance aircraft: $5,000 - $15,000+/year
Factors affecting premiums:
- •Age and condition of aircraft
- •Pilot experience and hours flown
- •Type of operations (personal vs. commercial)
- •Annual flight hours
Getting Insurance Quotes
- Gather aircraft specifications (make, model, year, serial number)
- Document your flying experience and training
- Determine desired coverage limits
- Contact 3-5 insurance brokers for quotes
- Compare coverage and deductibles
- Ask about discounts (safety training, multi-aircraft, etc.)
- Review policy details before binding coverage
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