Most general liability policies contain a broad exclusion that applies to aircraft (as well as autos and watercraft). The exclusion eliminates coverage for any bodily injury or property damage that you (or any other insured) cause while owning, maintaining or using an aircraft.

What is liability insurance in aviation?

This Insurance protects against the risk when an Aircraft is in the care, custody & control of the assured who does not own or operate the Aircraft. It covers the risk when there is physical damage to the Aircraft or premises of a third party arising from a Aircraft in hangar or being serviced.

What states require aircraft liability insurance?

Hawaii, Maryland, Oregon, and Rhode Island require general aviation aircraft owners and operators to have liability insurance if they either hangar their aircraft at a state-owned airport or operate their aircraft for commercial purposes (leasing or renting out aircraft, for example).

Which type of insurance covers damage from aircraft real estate?

Property (Allied Lines): Coverage protecting the insured against loss or damage to real or personal property from a variety of perils, including, but not limited to, fire, lightening, business interruption, loss of rents, glass breakage, tornado, windstorm, hail, water damage, explosion, riot, civil commotion, rain, or …

What is covered under a general liability policy?

General liability insurance policies typically cover you and your company for claims involving bodily injuries and property damage resulting from your products, services or operations. It may also cover you if you are held liable for damages to your landlord’s property.

What kind of insurance does an aircraft have?

A type of aviation insurance, aircraft liability insurance can pertain to the passenger and/or third parties as well as to property.

Is there an exclusion for aircraft in a general liability policy?

The answer is likely no. Most general liability policies contain a broad exclusion that applies to aircraft (as well as autos and watercraft). The exclusion eliminates coverage for any bodily injury or property damage that you (or any other insured) cause while owning, maintaining or using an aircraft.

How does aircraft liability work for a business?

The coverage afforded for non-owned aircraft applies on an excess basis. This means that your policy will pay claims after any other available coverage, such as an aircraft liability policy, has been used up. You can protect your business against aircraft-related claims by purchasing aircraft liability coverage.

What kind of insurance do I need to rent a plane?

If your company doesn’t own a plane but borrows or rents one, you can purchase non-owned aircraft liability coverage. The latter may cover both third-party bodily injury and property damage liability and physical damage to the aircraft.