Aircraft Insurance

Aircraft policies typically include hull coverage for physical damage to the aircraft, usually on an agreed value basis, and liability coverage for bodily injury and property damage to passengers and others. Options can include loss of use, spare parts, hangar keepers coverage, and medical payments for passengers.

Read: Private jet insurance, an owner’s guide

A combined single limit provides one total amount of liability coverage for bodily injury and property damage from a single occurrence. Business jet owners commonly carry limits well into eight figures. Policies with per-passenger sub-limits can significantly restrict protection and should be reviewed carefully.

A pilot warranty specifies who may fly the aircraft and the qualifications they must meet, such as total flight hours, hours in type, recurrent training, and medical certification. If the aircraft is flown by someone who does not meet the requirements, coverage may not apply, so always confirm before adding a pilot or changing operators.

Usually not. Most personal umbrella policies exclude owned aircraft, so the aviation policy itself must carry the liability limits you need. We coordinate aviation coverage with the rest of your program to avoid gaps.

The owning entity, the operator, and any management company should all be properly named on the policy. If the aircraft is placed on a charter certificate, the owner’s and operator’s coverage must be carefully coordinated, including waivers of subrogation and additional insured requirements from airports and lenders.