Non-Owned or “Renter’s” insurance covers you when you fly a borrowed or rented aircraft that you do not own and that is not available for your regular use. The owner’s insurance policy may protect the owner, but not a renter or borrower. Renter’s insurance can fill this important gap and it may be required by your FBO or flight school. Our competitors may offer non-owned aircraft insurance, but at Alexander Aviation, we understand how the renter’s insurance policy works with the rental agreement you signed, so we can be sure you have the right coverage at a price you can afford.
Who Needs Renter’s Insurance?
- Multi-Engine Renters and Helicopter Renters: Renter’s insurance is available for multi-engine aircraft and helicopters, but it is underwritten on a case-by-case basis and requires special handling. Please contact us and we’ll get you a competitive quote.
- Student and Renter Pilots: The flight school’s insurance policy is designed to protect the flight school and the registered owner. You could still be held responsible for damage to the aircraft according to the rental agreement you signed. Renter’s insurance can pay for some or all of the damage to the aircraft as well as protect you from liability you may have in the event of an accident.
- Independent Flight Instructors: An aircraft owner’s insurance policy does not provide coverage to a flight instructor. Also, flight schools that employ independent contractor CFI’s may not have coverage to protect the instructor from liability in the event of an accident. Flight instructors should carry their own non-owned insurance to protect themselves from lawsuits and protect the owner’s insurance record by handling minor incidents through the CFI’s insurance policy.
- Aviation Hobbyists: Many of us involved with aviation are prone to borrowing an aircraft when our own is not available. In the event of a minor incident, you would want to be sure the borrowed aircraft is properly covered and that repairs can begin immediately. Non-owned insurance coverage can help a borrower take appropriate financial responsibility in the event of an incident.