An aviation insurance policy is crucial for anyone who rents or owns airplanes, helicopters or jets. Basic aviation insurance can help provide financial protection against incidents and accidents causing property damage or injuries.
Aircraft represents a significant financial commitment. Contact the agents at Affiliated Agency in Plainview, New York, to get a personalized quote for an aviation insurance policy tailored to meet your needs.
What Is Aircraft Insurance?
Aviation insurance, also called aircraft insurance, provides property and liability coverage not typically available with a standard liability policy. Your agent can also help you learn more about your options for additional coverage.
Aviation insurance helps provide essential coverage whether you and your passengers are in flight or on the ground. There are two main types of coverage: hull insurance and aircraft liability insurance. 
Hull Insurance
Your hull insurance policy may have a deductible, depending on the insurer. Hull insurance may provide three main types of coverage:
- Ground and flight insurance helps cover damage to your aircraft caused by perils not explicitly excluded in the policy, whether the plane is in the air or on the ground. Not-in-flight insurance helps pay for damage occurring while the aircraft is in motion or stationary and on the ground.
- Not in motion insurance helps pay for damage while the aircraft is on the ground and not moving.
Aircraft Liability Insurance
Aircraft liability insurance coverage helps pay for third-party property damage or injuries related to an incident or accident for which you are legally liable. Aircraft liability insurance provides three types of coverage:
- Damage to third-party property
- Bodily injury or death of passengers
- Bodily injury or death of third parties other than passengers
Depending on your policy details, you may have a single combined limit for each occurrence or individual liability limits for each coverage type.
Aircraft liability and hull insurance have strict policy terms. The aircraft must be used for reasons stated explicitly on the declaration page. The pilot must meet the policy’s qualifications, as well.
Aircraft insurance isn’t standardized, so work closely with an experienced insurance agent to tailor your policy to meet your organization’s unique needs. Your agent may recommend these additional coverage types, depending on your needs:
- Land-based general liability
- Airport liability
- Hangar keepers liability
- Aircraft products liability
- Liability indemnification for hangar storage
- Coverage for passengers’ personal belongings
Get Aircraft Insurance Today
Talk with the agents at Affiliated Agency to learn more about your aircraft insurance options and get a personalized quote.
This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.