Comprehensive Aircraft Insurance | Airplane, Jet, & Helicopter Insurance (2024)

FAQs

Do you need insurance to fly a helicopter? ›

If you own a turbine rotorwing helicopter, you'll want a full, comprehensive insurance plan. Being uninsured or underinsured could leave you grounded and liable for damages if an accident should occur.

All risk ground and in-flight hull insurance: This covers all physical damage to the actual aircraft, including disappearance, except losses that are specifically excluded. Public liability insurance: This is basic liability insurance that covers property damage or bodily injury suffered by third parties.

The principal insurance coverages, all of which exclude war risks (through exclusion clause AVN48B), are: Hull – damage to the aircraft itself. Passenger – liability for death or injury.

This includes the following: Physical damage. Owners, operators, passengers, baggage and cargo carried on the aircraft. Medical coverage for passengers, pilots and crew members.

Helicopter Insurance Cost Breakdown:

Liability insurance covers: Bodily Injury, Property Damage and provides Legal Defense. Liability Only Insurance for helicopters typically ranges between $2,800-$4,000 depending on the make/model, pilot qualifications and prior loss history.

In addition to paying medical bills and the cost of repairing and replacing damaged property, this insurance will cover settlements and judgments from lawsuits up to the limits of your policy, as well as your legal expenses.

Minnesota is the only state that requires nearly all general aviation owners to have liability insurance. All aircraft owners in the state must have proof of insurance, with the minimum coverage requirements, when registering the aircraft with the state.

For example, only 11 states (California, Connecticut, Hawaii, Indiana, Maryland, Massachusetts, Minnesota, North Dakota, Oregon, Rhode Island, or Virginia) require liability insurance (required limits and penalties for non-compliance vary).

A private jet insurance policy is an annual aircraft insurance policy that is specifically designed to offer physical damage coverage, aircraft hull insurance, liability, medical and provides legal defense to those who hold the private jet insurance policy.

Most airlines arrange "fleet policies" to cover all aircraft they own or operate.

How much is aviation insurance? ›

Airplane insurance for an aircraft you own can cost from around $250 for a simple liability policy for a Cessna 150 to hundreds of thousands of dollars for airline aircraft carrying hundreds of passengers.

Insurance helps protect you from expensive lawsuits, injuries and damages, death, and even total losses of your car or home. Sometimes, your state or lender may require you to carry insurance. Although there are many insurance policy types, some of the most common are life, health, homeowners, and auto.

Airplane insurance costs are determined by an assortment of underwriting criteria and how your underwriter weighs this data. The aircraft type and specific make and model combined with that aircraft's specific loss ratios are an obvious factor.

Non-Owned Aircraft Liability insurance provides coverage in the event a corporation becomes legally liable for bodily injury (including passengers) and property damage to third parties as a result of a loss involving a corporation's or employee's use of a non-owned aircraft.

Aviation insurance is processed through a managing underwriter. The managing underwriter handles the quoting, deals with all the paperwork, and issues the policy. Generally, this underwriter is called the insurance company.

These medical conditions include a personality disorder manifested by overt acts, a psychosis, alcoholism, drug dependence, epilepsy, an unexplained disturbance of consciousness, myocardial infarction, angina pectoris, and diabetes requiring medication for its control.

Private Pilot License

To obtain your private helicopter license, you must: Be at least 17 years old. Pass the FAA written test. Log a minimum of 35 hours of flight time, including solo flights and specific training requirements.

PRIVATE PILOT FAA REQUIREMENTS

Read, Speak, Write, and Understand the English Language. Hold at Least a Third-Class Medical Certificate. Per FAR Part 141, Have at Least 35 Hours of Flight Training and 35 Hours of Ground Instruction. Pass an FAA Private Pilot Knowledge Exam and Flight Test