Aviation Insurance

Having the proper aviation insurance coverage at an affordable rate can make the difference between the success and failure of your business, or the stability of your personal finances. Allow our insurance experts to help guide you to success.

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What is Aviation Insurance?

Aviation insurance provides protection and security to people who own aircraft or are in the aviation business. Aviation insurance policies offer a variety of coverages, including liability and property coverage. 

Typically, aviation insurance covers costs incurred from repairs or replacements. ​

Some of the more unique risk issues we see today include

• Unmanned aerial vehicles (UAV) – also known as a drone
• Rotor-wing losses
• Expansion of private sector commercial space applications
• Importance of aviation safety and loss central preparedness and planning
• Potential large catastrophic losses impacting markets and premiums
• Hull and Liability insurance
• Navigating complex emerging market exposures to ensure adequate coverage without gaps

Types of Aviation Insurance
Of course, flying aircraft poses a lot of risks. Policy providers offer various aviation insurance policies to provide protection and security. 
Among the many types of aviation insurance, insurance agencies typically offer the following types.

• Public Liability Insurance
  This type of insurance covers costs the policyholder can incur from damages caused by the insured aircraft. Typically, damages caused to third parties and properties like houses, cars, and crops are covered by this type of insurance. Additionally, most countries require this type of insurance. 
  However, this type does not protect the aircraft as well as the injured passenger.
• Passenger Liability Insurance
  This insurance provides compensation for medical expenses and costs incurred from injuries or the death of a passenger. It is also typically required by most countries for commercial aircraft.
• Combined Single Limit (CSL)
  CSL is a combination of public liability and passenger liability insurance. This type of insurance provides the policyholder a limit per payout per accident. 
• Ground Risk Hull (Non-Motion) Insurance 
  This type of insurance covers damages caused by the aircraft when it’s not in motion. This covers damages resulting from perils, including fire, theft, hangar collapse, among others. 
• Ground Risk Hull (Motion) Insurance
  Contrary to non-motion, this insurance protects against damages that result from when the aircraft is moving. However, this type of coverage has been removed from offerings because of disputes between policyholders and providers.
• In-flight Insurance
  In-flight insurance covers the aircraft from damages that occur when the plane is in motion. This is also the most expensive type of aviation insurance because risks are much more significant when the plane is moving.

Contact us to learn more about the right aviation insurance for you.

(763) 797-9999​
418 W 3rd Street
​Red Wing, MN 55066​
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