Aircraft insurance is a necessary part of aircraft ownership. However, the rates, coverage, and terms vary widely from aircraft to aircraft. To ensure your aircraft has an appropriate policy in place, Stratos Jet Charters has partnered with an experienced insurance broker that can help you determine exactly which coverage is right for you.
What is Aircraft Hull and Liability Coverage?
The most basic level of an aircraft hull and liability insurance policy will protect your aircraft against damage and loss. The policy includes:
- Physical damage
- Medical coverage of passengers, crew, and pilots
- All items onboard the aircraft, including passengers, baggage, and cargo
- Aircraft third party liability, which includes damage to individuals or property caused by the aircraft
Selecting the Right Coverage
Depending on your aircraft needs, there may be one or several additional options that appeal to you. It’s important to consider the entire scope of the aircraft use. If you’re travelling out of the country often or tend to transport a sickly family member on occasion, there are options that you’ll want to consider. Some of these additional options include:
- Geographic destinations/limits
- Life insurance
- Personal belongings and baggage coverage
- Premises medical coverage
- Trip interruption expense coverage
- Spare engines and aircraft parts coverage
- Emergency expense reimbursement
- War risks coverage
When you first sit down to chat with an aircraft insurance agent, you’ll be asked several questions. They’ll need to know the make and model of your aircraft, how you plan to use it, information about the pilot, and more. These questions help shape the policy you’ll require. They may also lead to discounted premiums for your aircraft hull and liability insurance policy, if your aircraft and crew meet some of the eligibility requirements.
Get the Right Insurance with Stratos
At Stratos, we only work with approved vendors that can offer our clients the most exceptional service in the industry. When it comes to finding the right insurance broker, we know it can be overwhelming with all the options out there. This is why we’ve partnered with one of the best insurance providers in the insurance industry. For a policy that puts you at ease knowing your loved ones and assets are properly protected, reach out to a Stratos agent today. We’d be happy to put you in touch with our preferred partner so you can soar higher each and every time you fly.