Can I let a friend borrow or pay to use my aircraft?
Possibly, but both the pilot and the use have to fit the policy. Taking money can turn a favor into rental or commercial use, so talk to us before the aircraft goes out. Dry leases and rentals are very common in the industry and need to be set up correctly with the insurance company.
How is my aircraft’s insured value set?
Start with the purchase price, then factor in avionics, engine and prop times, condition, upgrades, and the current market. A value well above or below standard market conditions may need documentation.
How much liability coverage should I carry?
It depends on the aircraft, who you fly with, your assets, and any contract or lender requirements. Look at the total limit and any per passenger sublimit, not just the premium. Push for combined single limits whenever possible.
Can another pilot fly my aircraft?
Only if they meet the policy’s pilot requirements. Being FAA legal and being insured are separate approvals, confirm any new pilot with your insurance provider in writing before they fly.
What do you need from me to quote?
Aircraft registration number and value, ownership structure, pilots, use, home airport, the liability limits you want, training being completed, and your insurance and claims history. A complete electronic application up front means faster and better quotes.
What affects the cost of aircraft insurance?
Aircraft type and value, pilot experience (total time and time in make and model), training, how the aircraft is used, where it’s based, liability limits, and claims history. Two owners of the same aircraft can see very different premiums based on small differences that might set them apart.