Avemco Owned Aircraft Insurance
If you need personal aircraft insurance, Avemco will connect you directly with an underwriter empowered to make decisions, solve problems, and approve coverage based on your individual situation, not what some rulebook says. Avemco offers a wide range of liability and hull coverage options, as well as the opportunity to save up to 25% on your annual premium*! If you do not own the aircraft you fly in but still need coverage, visit our Aviation Insurance Products page to learn more about our other policies.
How Much Does Aircraft Insurance Cost?
The cost of aircraft insurance depends on multiple factors, and you can be assured that Avemco’s specialists ensure that you get the right policy for your individual situation. Factors that affect the price of your aircraft insurance include the type and size of your plane, your training and flying history, the number of passengers your plane holds, and more. We recommend having the most coverage you can reasonably afford. Speak with an aviation insurance specialist at Avemco today to find the policy that’s right for you!
What is Covered by Liability Insurance?
Avemco’s Liability insurance provides Bodily Injury and Property Damage protection*. This coverage makes sure you are protected if you cause damage to others and claims are made against you by third parties for which the law holds you legally liable. Our commitment is to defend you and pay your legal fees if you are sued. If you are at fault, Avemco will pay for the damages according to the terms of your policy. Avemco’s policy also includes unlimited legal defense costs. If you rent an airplane but still need insurance, go to our Aircraft Renters Insurance page for more information.
Note: This coverage is not first-party medical or life insurance.
What is Aircraft Hull Insurance?
While Aircraft Liability protects you if you damage someone else or their property, Aircraft Hull insurance provides coverage for physical damage to your aircraft, whether in flight, taxiing, or on the ground. There are many options for hull coverage. Our aviation insurance specialists will craft a policy based on your individual situation.
How Much Aircraft Insurance Should You Have?
When deciding how much personal airplane insurance you should carry, consider these factors:
- Your personal assets
- Your earnings
- The liability limits you carry on other insurance policies (homeowner's, auto, etc.)
- Whom you carry as passengers
- How the aircraft is used
- How much insurance you can afford
These factors will play a large role in determining what policy is best for your unique situation. It’s also important to note that the ability of your insurance company to resolve claims is just as important as your liability limit. Avemco has a proven track record of success in the complex world of aviation litigation!
Types of Aircraft Covered By Avemco:
Every pilot's journey is unique, and so is their choice of aircraft. Avemco’s insurance policies are designed to cover a wide array of aircraft types.
- Cessna
- Vans RV Series
- Cirrus
- Piper
- Beechcraft
- Diamond
- Mooney
- And more!
Ready to Purchase your Aircraft Insurance?
If you are ready to find a policy that’s right for you, start your quote online today! If you still need more information, call (888) 241 7891 to speak with an aviation insurance specialist!
Have a question about Avemco's Owned Aircraft insurance? Browse through our list of frequently asked questions below. If you still can't find the answer you're looking for, contact us at (888) 241 7891 (M-F 9:00 am to 6:00 pm Eastern). One of our aviation underwriters will be happy to assist you.
- What is liability insurance?
- What limits of liability should I carry?
- What is a "Combined Single Limit of Liability" or "smooth" limit?
- Are my legal costs included in the liability coverage?
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Q: What is liability insurance?
A: Liability insurance protects you against claims arising from Bodily Injury or Property Damage you may have caused to others. Your insurance company's commitment is to defend you if you are sued, and if you are at fault, to pay for the damages according to the terms of the policy. This coverage is not first party medical or life insurance (the policyholder/insured pilot would be a first party), but rather, liability coverage for claims made against you by third parties for which the law holds you legally liable.
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Q: What limits of liability should I carry?
A: Because different people have different needs, there is no standard recommended amount of liability coverage you should carry. You need to consider factors such as your personal assets, earnings, the liability limits you carry on your other insurance policies such as auto or homeowners, whom you carry as passengers, how the aircraft is used, and how much insurance you can afford or that is available, among others. You might also want to ask your insurance representative about the most popular limits purchased by owners of comparable aircraft, although this will probably not be the principal factor on which you rely. Obviously, buying the most coverage you can reasonably afford and that is available is your safest bet. Also remember that as important as the limit of liability is, the ability of your insurance company to resolve claims within those policy limits is just as important. You want to be sure that the company defending you has a proven track record of success in the complex world of aviation litigation.
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Q: What is a "Combined Single Limit of Liability" or "smooth" limit?
A: Most aircraft insurance policies contain liability coverage sub-limits. An example would be, $100,000 Bodily Injury each person per accident/ $1,000,000, Property Damage per accident/ $1,000,000 total each accident for all bodily injury and property damage. With sub-limits, the most that can be collected under each coverage per accident is the stated maximum limit. A combined single limit (CSL), often called a "smooth" limit, has the total stated limit available with no specific sub-limits for Bodily Injury or Property Damage claims.
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Q: Are my legal costs included in the liability coverage?
A: Under Avemco's policy, legal and defense costs are not limited. We continue to pay your legal defense costs even if your limits of liability have been exhausted by the payment of judgments or claims. In addition, our policy also provides up to $5,000 for legal defense costs if a pilot enforcement or civil penalty action is brought against you as a result of a covered accident. Since you may have an FAA action brought against you if you have an accident, this coverage is important. While most policies provide for a legal defense for claims by passengers, very few provide protection for FAA enforcement actions.
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