Aircraft Insurance

Find Aircraft Insurance Companies from around the world on AvPay.
AvPay lets you find companies that offer all types of aviation related insurance in the UK, Europe, USA, North America, Asia, Africa, Australia & South America.
Contact Aviation & Aircraft Insurance companies directly through their business profile on AvPay.

Aircraft & Aviation Insurance Companies

Showing 1–6 of 6 results

Axel Neumann Versicherungsmakler
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Hauptstraße 19, D-72124 Pliezhausen, Germany
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SAAM Verspieren Group Aiscale
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13 Gautier Est, 33540 CAUMONT, France
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Saam Verspieren Group Le Havre
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Aéroport Le Havre Octeville, Rue Louis Blériot, 76 620 LE HAVRE, France
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SAAM Verspieren Group
0 out of 5
60 rue de la Chaussée d'Antin, 75009 PARIS, France
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ARC Aviation
0 out of 5
Unit 24, Block C, Cedar Tree Office Park, Cnr Stinkwood Close and Cedar Rd, Broadacres, Gauteng, 2021, South Africa
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PilotInsure
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Unit F6, Bonaero Park Centre, 51 Atlas Road, Bonaero Park, Gauteng, 1622, South Africa
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About Aviation & Aircraft Insurance

Aircraft insurance is a type of insurance that protects the owner of an aircraft from financial loss in the event of an accident or other covered event. It can cover a wide range of things, including:

Hull damage or loss: This covers the physical damage or loss of the aircraft itself, including any damage that occurs while it is parked or in storage.
Liability: This covers the owner's legal liability for bodily injury or property damage to others in the event of an accident.
Medical expenses: This covers the medical expenses of the owner and any passengers in the event of an accident.
Loss of use: This covers the cost of renting a replacement aircraft while the owner's aircraft is being repaired or replaced after a covered event.

Aircraft insurance is highly recommended, Most airports and FBOs (fixed base operators) require aircraft owners to have insurance before they can use their facilities.

Aircraft insurance rates can vary depending on a number of factors, including the type of aircraft, the owner's flying experience, and the aircraft's usage. Some of the most common factors that affect aircraft insurance rates include:

Hull Value: The value of the aircraft is the biggest factor that affects insurance rates.
Pilot Experience: Pilots with more experience typically pay lower rates.
Aircraft Usage: Aircraft that are used more frequently typically pay higher rates.
Claims History: Pilots with a clean claims history typically pay lower rates.
Storage Location: Aircraft that are stored in hangars typically pay lower rates than aircraft that are stored outside.

There are a number of different companies that offer aircraft insurance for private owners. It is important to compare quotes from different companies before choosing a policy.

Here are some tips for finding the best aircraft insurance policy for your needs:

Shop around and compare quotes from different companies on AvPay.
Be honest about your flying experience and the aircraft's usage.
Ask about discounts that may be available, such as discounts for pilots with advanced ratings or for aircraft that are stored in hangars.
Make sure the policy provides the coverage you need at a price you can afford.

If you are a private aircraft owner, it is important to have the right insurance coverage to protect yourself and your assets. By understanding the different types of coverage available and comparing quotes from different companies, you can find the best policy for your needs.

Aviation & Aircraft Insurance FAQ

What Insurance do I need as an owner of a private aircraft?

As an owner of a private aircraft, you will need to have the following types of insurance:

Aircraft liability insurance: This covers you if you are responsible for bodily injury or property damage to others as a result of an aircraft accident. It is typically mandatory by law.
Aircraft hull insurance: This covers physical damage to your aircraft, whether it is in flight, taxiing, or on the ground. It is not mandatory by law, but it is highly recommended.

In addition to these two basic types of insurance, you may also want to consider the following:

Passenger liability insurance: This covers bodily injury or death to your passengers in the event of an aircraft accident.
Medical payments coverage: This pays for medical expenses incurred by you and your passengers in the event of an aircraft accident.
Loss of use coverage: This reimburses you for lost rental income or other expenses if your aircraft is damaged or destroyed and you are unable to use it.
War and terrorism coverage: This covers damage to your aircraft caused by war, terrorism, or other political acts.

The amount of insurance you need will depend on a number of factors, including the type of aircraft you own, how you use it, and your budget. It is important to work with an experienced aviation insurance broker to get the right coverage for your needs.

Here are some tips for finding affordable private aircraft insurance:

Shop around and compare quotes from multiple insurers.
Consider raising your deductibles to lower your premiums.
Take advantage of discounts offered for things like pilot safety courses and hangar storage.

By following these tips, you can find affordable private aircraft insurance that will protect you and your investment.

Does a pilot need Insurance to fly an aircraft?

Yes, pilots typically need insurance to fly an aircraft.

Aviation insurance is essential for both private and commercial pilots to protect against potential liabilities and damages that may arise from accidents or incidents while operating an aircraft.

There are different types of aviation insurance policies, and the specific requirements may vary depending on the country and the type of flying being conducted.

Liability Insurance covers the pilot's legal liability for bodily injury or property damage to third parties caused by an accident involving the aircraft they are piloting.
Hull Insurance, also known as physical damage insurance, covers damage to the aircraft itself, including accidents, theft, or vandalism.
Passenger Liability Insurance is for when a pilot is carrying passengers. This insurance covers their bodily injury or property damage caused by the pilot's actions.

Depending on the jurisdiction, pilots may be required to have medical insurance that covers medical expenses in the event of injuries sustained during flying.

For commercial pilots or those operating aircraft for hire, insurance is usually a legal requirement and a prerequisite to obtaining necessary permits or licenses.

Private pilots are also encouraged to have insurance, even if it's not mandated by law, to protect their assets and mitigate potential financial risks in case of accidents.

Insurance requirements and coverage limits may vary depending on the type and size of the aircraft, the pilot's experience and qualifications, the purpose of the flight (personal or commercial), and the jurisdiction in which the aircraft is operated.

Pilots should consult with insurance providers familiar with aviation insurance to find the most suitable coverage for their needs.

How much does it cost to Insure an aircraft?

The cost of insuring an aircraft can vary significantly depending on various factors. The make, model, and year of the aircraft are crucial factors. Newer and more expensive aircraft tend to have higher insurance premiums compared to older and less expensive models.

The value of the aircraft plays a significant role in determining the insurance cost. Generally, the higher the aircraft's value, the higher the insurance premium.
The pilot's experience and qualifications are important factors. More experienced pilots with a good safety record often receive better insurance rates compared to less experienced pilots or those with a history of accidents or incidents.
The number of flight hours the pilot has logged can impact the insurance cost. Pilots with more flight hours may receive more favourable rates.
The purpose of the aircraft's usage also matters. Insurance for personal and pleasure flying is often less expensive than insurance for commercial or business purposes.
The type and level of coverage selected by the pilot or aircraft owner will affect the premium. Comprehensive coverage with higher liability limits will result in higher premiums.
The location where the aircraft is based and operates can influence the insurance cost.
Factors such as weather conditions, the airport's proximity to congested airspace, and the frequency of flights may be taken into account.

Given these varying factors, it's challenging to provide an exact cost without specific details about the aircraft, pilot, and intended usage. In some cases, aircraft insurance premiums can range from a few hundred to several thousand dollars per year. If you're looking to insure an aircraft, it's best to contact insurance providers specializing in aviation insurance. They can provide tailored quotes based on your specific circumstances and coverage needs. Shopping around and comparing quotes from multiple providers is a wise approach to find the best coverage at a competitive price.

What information will i need to get a quote on aviation Insurance to insure my aircraft?

When applying for aircraft insurance, an aviation insurance company will typically ask several questions to assess the risk and determine the appropriate coverage and premium. These may include the following:

Aircraft Information:

Make, model, and year of manufacture of the aircraft
Aircraft registration number (tail number)
Aircraft's current market value.

Pilot Information:

Pilot's name, age, and contact details
Total flight hours and hours on the specific aircraft type
Pilot's experience, qualifications, and ratings (e.g., private pilot, commercial pilot, instrument rating, etc.)
History of any accidents, incidents, or violations

Usage and Purpose:

Primary purpose of the aircraft's use (personal, business, pleasure, commercial, etc.)
Details of any charter or rental operations, if applicable
Estimated annual flight hours or mileage

Insurance History:

Current insurance coverage details (if applicable)
History of any past insurance claims related to aviation

Safety and Maintenance:

Information about the aircraft's maintenance history and any upgrades or modifications
Any safety features or equipment installed on the aircraft
Details of the hangar or storage location for the aircraft

Operating Environment:

Home base and typical operating locations for the aircraft
Details of any international flights, if applicable

Other Relevant Information:

Any additional risk factors, such as planned special events or airshows
Information about the named insured and any additional insured parties

The answers to these questions help the insurance company assess the level of risk associated with insuring your aircraft. Based on this evaluation, they will provide you with coverage options and premium quotes tailored to your specific needs and situation. It's important to provide accurate and complete information during the application process to ensure that your aircraft is adequately covered and to avoid any issues in the event of a claim.

Does every aviation business need to have Insurance?

Yes, every aviation business typically needs to have insurance.

Aviation insurance is essential for aviation businesses to protect against various risks and liabilities associated with their operations. Whether it's an aircraft operator, maintenance facility, flight school, charter company, airport, or any other type of aviation-related business, having appropriate insurance coverage is crucial to mitigate potential financial losses resulting from accidents, incidents, or lawsuits.

Aviation businesses are exposed to significant liability risks, including bodily injury and property damage to third parties.

Liability insurance provides coverage for claims arising from accidents or incidents involving aircraft operations.

If the aviation business owns or operates aircraft, insuring the aircraft hull (the physical structure of the aircraft) is important. This coverage protects the value of the aircraft in case of damage or loss.

If the business owns or operates hangars or storage facilities for aircraft, hangar keeper’s liability insurance covers damages to aircraft under their care, custody, and control.

For aviation manufacturers or parts suppliers, products liability insurance is essential to protect against claims arising from defects or malfunctions in the products they produce or supply.

Aviation businesses may require workers' compensation insurance to cover medical expenses and lost wages for employees injured on the job. This type of insurance helps cover the financial losses that may arise if an aviation business experiences a temporary shutdown or interruption due to covered events (e.g., accidents, natural disasters).

For aviation consultants, surveyors, and other professionals, professional liability insurance can protect against claims arising from alleged errors or omissions in their services.

In the digital age, aviation businesses may also need cyber insurance to protect against data breaches and other cyber risks.

The specific insurance needs of an aviation business will depend on its size, activities, and the regulations of the country or region where it operates. It's important for aviation business owners to work with experienced aviation insurance brokers or agents to assess their risks adequately and obtain suitable coverage to protect their assets and operations.

What does aviation Insurance cover?

Aviation insurance provides coverage for a range of risks and liabilities associated with aircraft operations. The coverage can vary based on the specific type of insurance policy and the needs of the insured party.

Aircraft Hull Insurance: This coverage protects the physical structure of the aircraft against damage or loss due to accidents, collisions, fire, theft, vandalism, and other covered perils. It typically covers the cost of repairs or replacement of the aircraft up to the insured value.

Aircraft Liability Insurance: This is one of the most important coverages in aviation insurance. It protects the insured party (usually the aircraft owner or operator) from liabilities arising from bodily injury or property damage to third parties caused by the aircraft's operation.

Passenger Liability Insurance: For operators carrying passengers, this coverage extends the liability protection to cover injuries or property damage suffered by the passengers during the flight.

Hangar-keeper's Liability Insurance: If the insured party owns or operates hangars or storage facilities for aircraft, this coverage protects against liability for damages to aircraft while in their care, custody, or control.

Products Liability Insurance: For aviation manufacturers or parts suppliers, this coverage protects against liabilities arising from defects or malfunctions in the products they produce or supply.

Non-Owned Aircraft Liability Insurance: Pilots who fly aircraft they do not own (e.g., rented or borrowed aircraft) can obtain non-owned aircraft liability insurance to protect against potential liability claims while operating these aircraft.

In-flight Insurance: This coverage provides benefits to passengers in case of injury, medical emergencies, or accidental death occurring during the flight.

Ground Risk Hull Insurance: For aircraft owners or operators who want hull coverage while the aircraft is on the ground (not in flight), ground risk hull insurance offers protection against damage or loss during taxiing, parking, or maintenance.

War Risk Insurance: This coverage protects against damage or loss caused by acts of war, terrorism, hijacking, or other war-related perils.

Personal Accident Insurance: This coverage provides benefits to pilots or crew members in case of injury, disability, or accidental death resulting from aviation-related activities.

It's important to note that aviation insurance policies may have specific exclusions and conditions that vary from one policy to another. The extent of coverage depends on the policy terms and the insured's needs. For comprehensive coverage, aviation businesses and aircraft owners can work with experienced aviation insurance brokers to tailor policies to suit their specific risks and operations.

Why do small airplanes need Insurance?

Small airplanes, like any other aircraft, need insurance for several important reasons. While small airplanes may have a lower overall value compared to larger commercial aircraft, they are still exposed to various risks and liabilities. Small airplanes can cause accidents resulting in bodily injury or property damage to third parties.

Aviation liability insurance provides coverage for such liabilities, protecting the owner or operator from potential legal and financial consequences. If the small airplane is used for carrying passengers, insurance can cover injuries or damages suffered by the passengers during the flight. This is crucial for small charter operations, flight schools, and private pilots who occasionally carry passengers. Even small airplanes can be expensive to repair or replace in case of accidents, theft, or vandalism.

Aircraft hull insurance ensures that the owner can repair or replace the aircraft in case of damage or loss.

For pilots and passengers on small airplanes, personal accident insurance can provide benefits in case of injury, disability, or accidental death resulting from aviation-related activities.

In many countries, aviation insurance is a legal requirement for all aircraft, regardless of their size. Compliance with insurance regulations is necessary to obtain necessary permits, licenses, and certificates to operate the small airplane.

Small airplanes represent a significant investment for their owners. Insurance helps protect this valuable asset from unexpected events that could lead to financial losses. Flying any aircraft involves inherent risks, regardless of its size. Aviation insurance provides peace of mind by mitigating the financial consequences of accidents, incidents, or liability claims.

If a small airplane is financed through a loan or lease, the financing agreement may require the owner to maintain specific insurance coverage to protect the lender's interests.

Many airports and hangars require small airplanes using their facilities to carry insurance to protect against potential damages to property and aircraft while on their premises.

While the insurance needs of small airplanes may differ from larger commercial aircraft, having appropriate insurance coverage is essential for owners and operators to safeguard their assets and protect against potential liabilities. By working with experienced aviation insurance brokers, small airplane owners can find suitable coverage that addresses their specific risks and requirements.

What questions do i need to ask an aviation Insurance company?

Here are some questions you should ask an aviation insurance company when getting a quote or purchasing insurance:

What types of aviation insurance do you offer? There are many different types of aviation insurance, such as hull and liability insurance, passenger insurance, and hangar insurance. Make sure the company you choose offers the type of insurance you need.
What are your rates for the type of insurance I need? Aviation insurance rates can vary depending on a number of factors, such as the type of aircraft you own, your flying experience, and your claims history. Get quotes from multiple companies to compare rates.
What are the deductibles for the different types of coverage? The deductible is the amount of money you will pay out of pocket before your insurance company kicks in. Choose a deductible that you are comfortable with.
What are the exclusions and limitations of your policies? Every insurance policy has exclusions and limitations, which are things that are not covered by the policy. Make sure you understand what is and is not covered before you purchase a policy.
What is your company's reputation in the aviation insurance industry? Talk to other pilots and aircraft owners to get their recommendations for aviation insurance companies. You can also read online reviews to get a sense of what other customers think of different companies.

Here are some additional questions you may want to ask:

What is your company's financial stability? You want to make sure that your insurance company will be financially stable enough to pay out on a claim if you need to file one.
What is your company's claims process like? You want to make sure that the claims process is easy and straightforward. Ask the company about their average claims payout time and their customer satisfaction ratings.
Do you offer any discounts? Many aviation insurance companies offer discounts for things like having a good safety record or taking safety courses. Ask the company about any discounts that may be available to you.

It is also important to ask the insurance company questions about your specific situation. For example, if you are a student pilot, you may want to ask about insurance for student pilots. If you are a business owner, you may want to ask about insurance for business aircraft.

The more questions you ask, the better understanding you will have of your aviation insurance policy. This will help you make sure that you are getting the right coverage for your needs at a fair price.