| An airplane like your automobile requires insurance | | | | to your current plan. Additionally, this type of |
| coverage. Airplane insurance is in place to cover | | | | coverage has several prerequisites in place if you |
| expenses that might occur as a result an accident | | | | want to increase your coverage such as increase |
| involving your aircraft. Although similar to auto | | | | instrument rating over 500 hours. If these |
| insurance, it is geared to the needs of airplane | | | | prerequisites are not met, the liability amounts are |
| owners. | | | | set at $1,000,000 per occurrence and liability of |
| Airplanes are complex and expensive machinery. | | | | $100,000 per individual. |
| Thus, prior to purchasing insurance, you should | | | | Medical insurance payment is an integral part of your |
| determine the value of your aircraft so you can | | | | aviation coverage. The main purpose of this type of |
| obtain the maximum insurance coverage. The | | | | coverage is paying for emergency medical services. |
| insurance limits should equal your airplane value if the | | | | Therefore, it coordinates with your medical insurance |
| amount is lower than its value. You might be stuck | | | | provider, and pay deductibles and co-pays that are |
| with out-of-pocket expenses, if you are in any kind | | | | your out-of-pocket expense. This type of coverage |
| of accident mishap. Consider liability, hull and medical | | | | is not limited to the pilot because it covers your |
| coverage these are must have for your insurance | | | | passenger as well. The starting point for this |
| needs. | | | | coverage is $10,000, but for an additional fee and |
| Buy Hull insurance coverage because it covers the | | | | additional stipulation by your insurance carrier can be |
| physical damage to the aircraft. Therefore, it should | | | | increased. |
| be based on the market value of the airplane. The | | | | When shopping for aviation insurance, inquire about |
| coverage should be sufficient to replace the airplane | | | | discounts. The market offers discount for various |
| in the event of an accident. | | | | reason such as a good flying record, advanced FAA |
| Not only do you have to protect the airplane, you | | | | training just to name a few. |
| have to purchase liability insurance coverage for | | | | The market offers various companies with diverse |
| property damage as well as bodily injury to other | | | | insurance products some popular sites are AOPA and |
| people. You might think that this type of coverage is | | | | Avemco insurance. In addition to these two |
| included in your hull plan, but it is not part of the | | | | companies, there are others so do your research, |
| standard plan. | | | | and choose the best company and the best airplane |
| Therefore, you will have to add this type coverage | | | | insurance policy you can find. |