What is nonowned aircraft liability?
Coverage for your organization’s legal liability when using aircraft it doesn’t own, such as a substitute aircraft or a short-term lease. Terms and limits vary, so it isn’t automatic fleet coverage.
How do we add aircraft mid-term?
Notify your broker as early as possible with the aircraft, owner, use, pilots, value, and target date. Don’t assume a newly acquired aircraft is covered automatically, and wait for written confirmation before it flies. A simple phone call or text message with the details is enough to get an aircraft added.
Why do management and charter agreements matter?
Contracts can shift responsibility, require limits, or add parties to the policy. Have your broker review the agreements and the policy together so the coverage matches how you operate.
Can owned and managed aircraft be on one program?
Often yes, with the same underwriter. It depends on ownership, operational control, use, and insurer appetite, so each aircraft and entity should be reviewed. One program can simplify renewals and reduce gaps between policies.
What do you need to quote a charter or managed fleet?
Your certificate and operating structure, fleet schedule, ownership, pilot roster, training, annual hours, territory, passenger profile, contracts, maintenance, loss history, and requested limits. A complete electronic submission with a current fleet schedule and pilot roster gets underwriters to a quote faster.