When you rent or borrow an aircraft you could be personally liable for tens of thousands of dollars in repair costs and legal defense fees should damage occur, because FBO policies rarely provide adequate coverage for pilots.
But a renter's policy with AOPA Insurance Services provides comprehensive coverage. Starting at just $81/year for liability coverage, you can get basic protection. For just $175/year, you can get comprehensive coverage that includes bodily injury to passengers, property damage as a result of an incident and claims for damage to a rented aircraft, and you can bind online or by phone in just minutes.
We reward safe flyers. If you have no claims, you'll receive a 10% bonus when you renew your policy.
Legal liability coverage covers you against claims for bodily injury and property damage that occurs while you’re operating a rented aircraft. All renter policies require legal liability coverage. It does not cover damage to the rented aircraft; that’s available under the physical damage for non-owned aircraft coverage.
Most insurers recommend that you protect yourself with the highest amount of legal liability coverage you can afford. The amount of physical damage coverage you need depends on the estimated value of the aircraft you typically fly and what that rental agreement says you’re responsible for. Repair costs can be very high, so you really do need your own coverage.
In the event of an accident, you can protect yourself from skyrocketing legal fees through the legal defense benefit under the renters policy. That means if you have a claim against you, the policy will provide you with legal defense as added protection. This is an important benefit since attorney fees are often $400 or more per hour. Legal fees can add up quickly, and the average legal defense cost is over $25,000!
A deductible is the amount you’ll pay to the FBO or owner, out of your own pocket, in the event of an accident. AOPA’s renter aircraft insurance policies will pay up to $5,000 of the aircraft owner or FBO’s deductible, even if you’re not at fault. However, this endorsement only applies if you have physical damage coverage on the policy.
For $50 you can add your employer. Please note that coverage does not apply to losses or occurrences that arise from the employer’s activities involving the manufacture, sale, repair, or service of the aircraft or its parts, or the operations of the airport, hangar facility, flying service or pilot activity.
As a member of AOPA, you can enjoy a 5 percent member discount on your policy. AOPA Insurance also provides a 10 percent discount at policy renewal for having a good flying record.
AOPA’s Accident Forgiveness and Deductible Waiver Program is an easy way to improve pilot safety while helping to lower your out-of-pocket expenses in the event of an accident. Completing eligible AOPA Air Safety Institute programs every six months rewards you with a zero increase in your renewal rates due to a covered claim during your policy period.
For details, visit aopainsurance.org/forgiveness.