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Take Flight with Personal Liability insurance
Perhaps it’s your profession or simply a weekend hobby. Perhaps it’s part of your business operations. Whether for recreational or business purposes, piloting and flying personal aircraft is becoming more and more a part of American life. In fact, by the end of 2015, there were an estimated 590,039 active certificated pilots in the U.S.*
While some certificated pilots own their own aircraft, many rent, some share aircraft ownership or access with a group, or fly for a carrier, corporation or private owner. But what if there’s a mishap — you clip the hangar or damage a door of an aircraft — or worse? Situations can turn quickly, and when things go wrong, there is plenty of blame to go around.
All too often, pilots consider that they are “good to go” since the aircraft they fly, whether they own or not, are already insured, as are third-party aircraft operators. That assumption can cost dearly. “When an accident happens, claimants are looking for multiple sources of compensation, and that includes the personal estate of the pilot involved, whether alive or dead,” says Lindsey, Rick J. Lindsey, president, CEO, and Chairman of Prime Insurance Company, an excess and surplus lines insurance carrier that specializes in providing solutions for specialty and declined risks. What’s more, any aircraft owner can seek reimbursement from pilots for the deductible and for increased insurance premiums. Furthermore, owners and pilots are separately liable for accidents under FAA regulations.
How, then, can pilots protect themselves? “No pilot should fly without personal pilot liability insurance,” says Lindsey. “As a pilot, you get to experience a freedom unknown to most, and with such a unique lifestyle, you need unique liability coverage to protect yourself from a litigation-happy society.”
The best protection against costly litigation is personal pilot liability insurance from a trusted insurance partner like XINSURANCE. XINSURANCE, powered by Evolution Insurance Brokers, an excess and surplus lines insurance brokerage, offers customized liability insurance solutions for pilots of all experience levels. Certified Flight Instructors, AMTs, owners, fractional owners, FAA check ride pilots, and private contractors can obtain this coverage. XINSURANCE also specializes in helping individuals who live a lifestyle or participate in activities that make them difficult for traditional carriers to insure, including concealed carry.
The bottom line: any pilot that takes flight can take comfort with personal pilot liability insurance.