Renters Enjoy New Benefits

AVEMCO Insurance Company announced this week that it has expanded its popular Aviator Series line of non-owned insurance products. These changes include a new package offering the Aviator Silver level, and options for pilots to customize liability and property insurance to meet their personal needs.

It is estimated that there are as many as 300,000 pilots who currently fly in rented or borrowed airplanes without adequate insurance coverage. These pilots are flying aircraft from FBO 's and flight schools that may carry insurance on their rental fleet; however, that insurance usually covers only the interests of the FBO - not of the rental pilot.

In 2003, AVEMCO announced a new line of non-owned insurance packages called the Aviator Series. This series includes insurance packages for pilots who rent, as well as CFIs instructing in aircraft they do not own.

The Aviator Series now includes a new package called Aviator Silver that allows non-owner pilots who rent or borrow aircraft to purchase insurance coverage for as little as $215.  It provides $25,000 per person bodily injury, $250,000 of property damage coverage, $250,000 coverage for all bodily injury and property damage combined in each accident and $5,000 in aircraft damage liability coverage. The Aviator Silver package joins existing Gold, Platinum and Platinum Plus Aviator Series packages that provide higher limits. In addition, AVEMCO allows their customers tocustomize their policies by offering selections of coverage that fit specific needs.

These AVEMCO Non-Owned insurance packages can be started on-line immediately with an approved credit card if all underwriting criteria are met. Policy benefits include up to $1,000 no-fault deductible for aircraftdamage to reimburse the owner for his or her insurance deductible regardless of legal liability. The aircraft damage coverage also includes coverage for loss of use and loss of value. Liability coverage features unlimited legal defense costs and $100 per day in-patient hospital payments for the insured and spouse, parents and children, up to a maximum of $5,000. In addition, pilots completing the AVEMCO/King Schools Risk Management Course and other recurrency training will qualify for up to 10% in credits on their non-owned insurance premium with AVEMCO.

FMI: www.avemco.com