Many pilots believe aircraft ownership is only a dream, but then find that they can not only make that dream come true, but do so in a cost effective way: Through a flying club. When someone buys a share in a flying club, the annual aircraft costs are distributed amongst the group, resulting in less out of pocket expenses and more time in the air for the pilot.
It is not a surprise that one of the most important costs of flying clubs is insurance. Typically, due to the nature of risk that flying clubs present to the insurance industry, only a certain level of liability limits are available. Recently, a major organization has announced their ability to offer increased liability limits in flying club insurance. This, in fact, is no surprise to the aviation insurance industry, and something that the knowledgeable agents at AIR have been offering for years and are delighted to offer to flying clubs.
Most flying club insurance policies offer a $1,000,000 combined single limit property damage and bodily injury limit with a $100,000 per passenger sublimit. Sometimes, flying clubs are interested in higher limits but find that they are not always available through their current insurance policy. While higher limits sometimes cannot be offered through the flying club insurance policy, higher limits for an individual member of the flying club can be achieved through ‘stacked limits’.
Higher liability limits are available to individual members of the flying club by establishing individual a non-owned aircraft policy. This affordable policy will be “stacked” upon the main flying club insurance policy offering extra limits for that individual.
Flying Club Insurance from Aviation Insurance Resources
At AIR, we provide a full range of aircraft insurance and aviation insurance products, including Flying Club Insurance. We pride ourselves on finding the insurance policy that best meets the needs of ALL of your members, no matter the size of the club or the type of aircraft. AIR agents believe in serving your flying clubs needs with integrity, by informing the club of all the necessary options to cover your insurance risk. AIR will work diligently to find a flying club insurance policy that offers increased limits or will inform the club if we determine that stacked limits are the best route. AIR represents all of the major aviation insurance markets, so it is no surprise that we offer the broadest package of protection at the best available rates.
To find out more about Flying Club Insurance, please contact Aviation Insurance Resources by calling 877-247-7767 or visit AIR-PROS.com today and receive a free Aircraft insurance quote! You can also follow us on Facebook, Twitter, LinkedIn, Pinterest, and Google+.
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