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Whether you are a private pilot or a
student
working toward your license,
if you rent or borrow aircraft, you need non-owned aircraft insurance
to protect your assets
from the unexpected. The insurance carried by the FBO or aircraft owner
protects their interests – not yours.
There is no guarantee that the aircraft's insurance will cover you
completely in the event of an accident, or if they carry limits that
are high enough to protect you adequately.
You
need to consider factors such as your personal assets, earnings, the
liability limits you carry on your other insurance policies such as
auto or homeowners, whom you carry as passengers, and how much
insurance you can afford. Obviously, buying the most coverage you can
afford is your safest bet.
If
you own your aircraft, you may be covered by
your aircraft's policy, but commonly only if you are the only named
insured on
the policy.
Chartis Personal Non-Owned Insurance Program
The
standardized rate non-owned aircraft insurance policy offered by
Chartis
Aerospace Insurance covers:
- Personal use of non-owned
fixed wing, non-pressurized, land aircraft
- Non-turbine single
engine of 450 horsepower or less (including non-powered
sailplanes)
- Capacity of no more than seven (7) total
passengers and/or seats (1
pilot and 6 other passengers)
- Standard, Experimental, Restricted
or Light Aircraft Certificate
- Not furnished to you for more than
thirty (30) consecutive days
Liability Coverage is
available in 4 increments
- $25,000 per passenger / $250,000 per occurrence
- $50,000 per passenger / $500,000 per occurrence
- $100,000 per passenger / $500,000 per occurrence
- $100,000 per passenger / $1,000,000 per
occurrence
Physical Damage Coverage
is available in
conjunction with Liability Coverage. Increments
for this coverage range from $5,000 to $200,000.
Optional Coverage:
- A "Civil Air Patrol
Endorsement" can be added to expand coverage for your involvement in
sanctioned civil air patrol activities.
- TRIPRA (terrorism risk insurance) coverage can
be added for $1
- Your employer may be named as an additional
insured for an additional fee
- A discount is available for AOPA members
Download the non-owned
aircraft insurance application form today. Just fill out
the form, sign it, and mail it to our office with your payment. If you
have any questions, just give us a call and we'll be happy to help.
Other Non-Owned Aircraft Insurance
If the standardized rate policy does not meet your
needs,
we can still help you arrange coverage
-- it will just need to be quoted by the insurance company. Coverage is
available for turbine, multi-engine, rotorcraft, or other high
performance
aircraft with higher limits of liability.
Fill
out our Quick Quote form today with a little information
about
yourself and the aircraft you rent or borrow and we’ll help get you
competitive insurance quotes right away. Or simply give us a call and
we'll walk you through the
process.
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