Aviation insurance is insurance which is designed specifically to meet the needs of aviators.
There are a number of different types of available for a variety of aircrafts and pilots. Laws about aviation insurance tend to be less clearly defined than those regarding car insurance, which can make it difficult to choose the right policy and carrier. Pilots who are not familiar with the specifics of the industry may want to consider asking for advice from an insurance broker or an experienced pilot.
Just as with insurance for other types of vehicles, there are a number of levels of coverage in aviation insurance policies, including liability coverage for accidents when the policyholder is at fault, theft and loss coverage, life insurance riders, and insurance for other types of situations, such as loss of cargo.
The more services requested on a policy, the more expensive it will be.
Coverage also varies depending on the type of craft: helicopters, sport planes, commercial airliners, and so forth are all covered differently People who own and operate their own aircraft generally purchase aviation insurance so that they are covered in a wide variety of situations, and so that their aircraft will be replaced if they are damaged, lost, or stolen.
Owners may also cover insurance on aircraft they rent out, lease, or hire pilots to fly, in which case the individual pilot may need to carry additional insurance to be fully covered in the event of an incident.