NON-OWNED / RENTERS AIRCRAFT INSURANCE

  About Non-Owned / Renters Aircraft Insurance

 


Who needs Non-Owned Aircraft Insurance?


The short answer -- anyone who rents or borrows an aircraft.

Unless you have access to the insurance policy for the aircraft and read it thoroughly, you have no way of knowing if there is adequate coverage for you if an accident occurs. You may be held legally liable for damages to the aircraft, or even worse, injuries to others out of your own pocket. The aircraft’s insurance policy is designed to protect the owner of the aircraft, not the user of the aircraft, so it is better to have your own insurance to protect yourself. This insurance is a relatively straightforward and inexpensive way to protect your assets from the unexpected.

There are two types of coverage available:

  • Non-Owned Aircraft Liability: coverage for bodily injury and property damage to others for which you may be liable, arising out of your use of a non-owned aircraft; excludes any physical damage to the non-owned aircraft.
  • Non-Owned Aircraft Physical Damage: provides coverage for the physical damage to the
    non-owned aircraft for which you may be liable. This coverage is only available when purchased with liability coverage. It can include “deductible liability” to cover the insurance deductible on the owner’s or lessor’s aircraft that you rent or borrow, up to $5,000 for each occurrence regardless of fault.

Coverage is available for private and student pilots, businesses and corporations, and certified flight instructors (CFI). There is a standardized rate policy offered by Chartis that covers single engine fixed wing aircraft -- you can download the application, select the coverage you need, and mail it to us with your payment. Policies are also available for turbine, rotor wing, and multi-engine aircraft with higher liability limits, but these policies will need to be quoted by the insurance company.