SKY AVIATION INSURANCE SERVICES

Aviation insurance is a necessity for those who own, maintain, or use an aircraft. It covers the claims and losses that arise from the maintenance, ownership, or use of aircraft. This coverage extends to hangers and airports and can include damage to aircraft, personal injury, and any property damage that has resulted regarding covered losses.

At this time, it is not mandated by the FAA, however, there are many states that do require aircraft financial responsibility.  In general aviation, insurance is required. You need to show proof of that insurance when you go on a flight. Having proof of insurance is not enough, you also need a high enough amount to cover the flight but also you need to have enough coverage to protect the equipment. For instance, aircraft operating under a 135 Certificate must carry $100,000.000 in Liability coverage… Even if you are not legally required to have liability insurance, you may want to consider getting it. done to their property, you could be legally liable. But if you have liability coverage on your insurance plan, the company will also pay for your legal defense if someone sues you for these losses.

Aviation liability insurance protects you from claims and losses. You can also get additional things like hangars and airports covered by the insurance.

Rates can vary and depend on how the aircraft is used, how much the aircraft is worth and the total amount of liability you want to have.

The cost of aircraft insurance depends on the type of aircraft and how you intend to use it. Personal or business, charter, etc.

The types of aviation insurance include Hull and Liability, Hangarkeepers, Non owned Aircraft, Property and Inland Marine.

Things not included under aviation insurance include:
Wear and Tear: The effects of time on an aircraft.
Electrical breakdown: When the electrical components in an aircraft stop working.
Breach of warranty: If the person owning the policy breaks a promise they made to the insurer, it can cancel out their policy.

Hull refers to the physical airplane itself. Liability is what you owe if you damage someone's property or injure someone on the plane.

Hull Insurance is the insurance amount you have for the physical aircraft. It 's usually an policy amount which is set at the point of the aircraft's purchase.