Avemco Insurance Company announced
a reduction in premiums for non-owned single-engine aircraft while
doubling the coverage options for aircraft damage liability (ADL)
insurance Monday. This became available to pilots beginning
January 1, 2010.
"Our expanded ADL limits make Avemco's Non-Owned insurance
offering the most extensive available in the industry" said Jim
Lauerman, president of Avemco Insurance Company. "Now pilots
who operate GA aircraft they do not own can customize their
insurance to fit their specific needs, whether they're borrowing a
friend's aircraft, or renting from a flight school or fixed base
operator that dictates certain coverage amounts."
Non-Owned insurance is important to pilots who fly rented or
borrowed aircraft since the FBO's or aircraft owner's policy most
likely won't protect a renter's interests. "Some of the
saddest events we see in the training world are pilots who are
forced out of aviation after they have had an accident and did not
have the insurance to pay the claim. These new and lower cost
coverages will go a long way to help people avoid this unfortunate
fate," said Lauerman.