Hangars

1. Will the National Hangar Insurance Program (NHIP) name my lien holder on my property policy?
2. Does my policy cover liability?
3. I am building my hangar; can I get coverage on the hangar during the building phase?
4. Are there any areas of the country where the coverage is not available?
5. Is there a minimum premium?
6. Is payment required prior to binding or starting the policy?
7. Are the contents (my personal items) of the hangar insured?
8. Is the coverage underwritten by Avemco Insurance Co.?

1. Q: Will the National Hangar Insurance Program (NHIP) name my lien holder on my property policy?
   A: Yes, we will need the name and address of the lien holder on the property. We will be happy then to name them to the policy.



2. Q: Does my policy cover liability?
   A: The National Hangar Insurance Program is able to include liability on the policy in many cases. This coverage can also be added to your Avemco Insurance Company aircraft policy (if the hangar is registered in the same name as the aircraft policyholder).
   
   Note: Liability coverage is not available in either case if the hangar is used for any commercial purpose including rental to or shared use by other parties.



3. Q: I am building my hangar; can I get coverage on the hangar during the building phase?
   A: Yes, the NHIP hangar coverage can be extended to cover the building while under construction.


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4. Q: Are there any areas of the country where the coverage is not available?
   A: Coverage is not available in Florida along the Eastern seaboard or Gulf coast for wind. Coverage Excluding wind generally is available in these areas. Please call 800-276-5199 for more information on these limitations.



5. Q: Is there a minimum premium?
   A: The minimum annual premium for physical damage coverage on a hangar is $600.00. If you also wish to add Liability Coverage, the minimum annual premium is $985.00 for the package.



6. Q: Is payment required prior to binding or starting the policy?
   A: Yes, payment must be received prior to starting coverage. We accept checks or credit cards for payment.



7. Q: Are the contents (my personal items) of the hangar insured?
   A: If the contents of the hangar are your personal items (tools, furniture, misc items) and they are not covered under another policy, such as your homeowners policy, they would be considered insured contents of the hangar. There are some items that are never covered as contents of a hangar, commonly excluded from the contents coverage are aircraft, boats, auto's, & R/V's. Please refer to the policy and endorsements to determine what is or is not covered as contents of the hangar.



8. Q: Is the coverage underwritten by Avemco Insurance Co.?
   A: No, the insurance coverage is placed by Avemco Insurance Agency, Inc. through the National Hangar Insurance Program and underwritten by the Travelers Insurance Companies, Inc.


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These FAQ's and answers are general in nature and are not intended to address the specific requirements of an individual's policy. These should be discussed directly with one of Avemco's trained staff. In all cases, the terms, conditions of the policy and policy endorsements will determine the outcome of a specific situation. Minimum annual premiums are subject to change.