The updated guide from BWI Aviation Insurance shares critical information for those who are planning to rent and pilot small aircraft anywhere in the United States. Because an owner’s insurance policy does not cover the pilots or crew, acquiring the right type of aircraft renters policy can cover third-party injuries, damage to the aircraft, and more.
More information can be found at https://bwifly.com/aviation-insurance/aircraft-renters-insurance
According to the guide, BWI Aviation Insurance offers 1-year aircraft renters insurance backed by A+ rated aviation insurance carriers. Clients can choose to get the company’s liability coverage as well as their optional physical damage coverage for the aircraft.
Aircraft renters insurance policies cover third-party bodily injury and property damage as well as physical damage to the aircraft. In addition, the policy may cover flight school payments, Fixed Base Operator (FBO) physical damage deductibles, and provide for the renter’s legal defense expenses.
The guide mentions that liability coverage policies usually cover $250,000 per incident and are restricted to $25,000 per passenger. The highest level of liability insurance covers $1 million per incident and is restricted to $200,000 for each passenger.
Policies may also offer secondary hull coverage ranging from $5,000 to $20,000. In the event of an incident, the aircraft owner’s insurance policy is regarded as the primary. Furthermore, the policy pays for hull coverage if the renter is liable for the damage to the non-owned aircraft.
According to the guide, the most commonly covered aircraft include single-engine land aircraft and gliders, sailplanes, single-engine seaplane aircraft, and multi-engine land aircraft.
BWI Aviation Insurance was established in 1977 and is a family-owned company licensed in all 50 U.S. states. Those interested in their aircraft renters insurance policies can get a no-cost quote by filling out the form located on the company’s website.
A satisfied client said, “BWI is my go-to partner in aviation insurance. Their ability to find competitive rates with excellent coverage is second to none. I’m often asked who I recommend for aircraft owner’s or renter’s insurance, it’s easy for me to say BWI. Give Kyle or anyone on his team a call to see what they can do for you. I’m sure you will have the same great experience I’ve had.”
Interested parties can find more information by visiting https://bwifly.com/aviation-insurance/aircraft-renters-insurance
BWI Aviation Insurance
BWI Aviation Insurance
710 Rimpau Ave
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Daily Pune journalist was involved in the writing and production of this article.