The Importance of Aviation Insurance

Aviation insurance is a must if you own an aircraft. There are different types of insurance, including hull coverage and liability coverage. A thorough insurance policy should have both of these coverage types, though only liability is required for aircraft. If you need aviation insurance, contact us today at Attain Insurance in Fort Payne, AL.

Liability Insurance

There are two types of aviation coverage that are both included in an aviation policy, though others can be added. The required coverage types include bodily injury liability and property damage liability. Neither of these coverage types includes coverage for your injuries or for your aircraft’s damage. Bodily injury liability pays for medical bills for someone injured in an incident involving your aircraft as well as lost wages and can include certain other costs. Property damage liability pays for damages done to property such as another craft, buildings, etc. These two coverage types can help you to avoid lawsuits as well as paying thousands out of pocket after an incident. 

Hull Insurance

Aircraft hull insurance gives you coverage for your aircraft. It protects you against damage that happens to it whether it is on the ground, taxiing or is in flight. There are a number of options available for aircraft hull insurance, so it’s important to work with your insurance agent to get just the policy that you need and want. 

Aviation Insurance Costs

There are many factors that go into the price you will pay for aviation insurance. The size and make of your plane are important as are the training that you have and your flight history. It also depends on how often you fly and why you fly. With different types of flights come different risks. 

Get Your Aviation Insurance

Never leave an aircraft without an insurance policy. To get one, call us today at Attain Insurance in Fort Payne, AL.