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Here's a story you don't see that often... One of the aviation industry's most well-known companies is cutting it's prices... AVEMCO Insurance Company has announced that it has reduced its premium rates for several categories of its popular Aviator Series Non-Owned (Renter's) insurance.

Decreases of 7-8% have been made in the Gold and Platinum levels of the Aviator Series packages without any changes in coverages. These are joined by the newest option for non-owned insurance, the Aviator Silver, which was recently announced at a rate of $215 annually. All packages in the Aviator Series provide options for pilots to customize liability and aircraft damage liability insurance to meet their personal flying needs.

"Increased demand for non-owned insurance has enabled us to reduce our rates for these important insurance packages. With as many as 300,000 non-owner pilots renting or borrowing aircraft in the US today, it's essential that all pilots secure the insurance they need because the FBOs', flight schools' or owners' policies invariably don't provide protection for the renter," said Jim Lauerman, AVEMCO's Executive Vice President and Chief Underwriting Officer.

"As the only direct aviation insurance carrier in the country, we ensure that our customers can get the immediate coverage they need by applying and binding right away on-line or calling our team of licensed aviation insurance specialists, many of whom are pilots, without waiting days or even weeks to secure coverage. Everyone in the general aviation community wants to go flying without having to worry about insurance. At AVEMCO, we work to make it easy to get the right coverage at the right price," Lauerman continued.

AVEMCO Non-Owned insurance can be obtained on-line anytime with an approved credit card if all underwriting criteria are met. Policy benefits include up to the first $1,000 for aircraft damage to reimburse the owner for his or her insurance deductible, regardless of the renter's legal liability. The aircraft damage liability 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 one of the AVEMCO/King Schools Practical Risk Management Courses and/or other recurrency training can qualify for up to 10% in credits on their non-owned insurance premium. (Exclusions and limitations apply).

FMI: www.avemco.com