What is the legal framework for aircraft insurance?
Aircraft insurance is regulated by California’s Aircraft Owners and Pilot’s Association (AOPA) and covers the aircraft itself, its pilot, and any passengers. The insurance must meet the minimum requirements set by the state, and must be in effect prior to any flight taking place. The AOPA outlines the policies and regulations for aircraft insurance. Each policy must include basic liability coverage for bodily injury, death and property damage in case of an accident. It must also include personal injury protection, coverage for medical payments, and uninsured and underinsured motorist protection. The policy must also include coverage for property damage such as hull damage and liability associated with the aircraft. In addition to the basic aircraft insurance, the AOPA also recommends pilots purchase additional coverage for special risks associated with flying. This could include coverage for damage caused by wind, snow, and hail, and coverage for extreme weather conditions. Other coverage includes protection against acts of war, terrorism, and damages caused by the aircraft to a third-party property. The AOPA is responsible for regulating the air transportation industry in California and enforcing the state’s aircraft insurance regulations. As a licensed pilot, it is important to understand the legal framework for aircraft insurance and to make sure your aircraft is properly covered prior to flying.
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