If you are a commercial or hobby pilot, chances are you will find yourself searching for League City TX Aircraft Insurance at some point. When that time comes, don’t hesitate to contact the team at Texas Insurance Agency.
Our professional agents have years of experience working with professionals in all different industries. Moreover, you will discover that we work with only the most reputable insurance companies to find you the right policy.
Texas Insurance Agency has been serving Greater Houston and surrounding areas since 1999. During that time we have provided services to thousands of satisfied clients. We believe that having the right insurance plan helps keep your business afloat when the unexpected happens.
What is Aircraft Insurance?
Aircraft insurance is available to pilots in the same way that auto insurance is to drivers. The coverage this insurance provides is dependent on what type of policy you have. Like most insurance policies, you can choose between liability, full coverage, and a variety of supplemental plans.
Furthermore, whether you are a commercial or hobbyist pilot will affect the type of insurance policies you choose. No matter what type of policy you choose, there are bound to be gaps in coverage. Therefore, it is best to speak with your insurance agent about which supplemental insurance plans might fit your situation.
Types of Aircraft Insurance:
Commercially and Privately-Owned Aircraft Insurance
In a basic sense, it doesn’t matter whether you are a commercial or hobby pilot. Having aircraft insurance is an absolute necessity. When certain qualifications are met by the type of flying you do, insurance is required by law. In short, your circumstances do not affect the amount of risk that is involved with flying.
One example of a common misconception about aircraft coverage is that it is included in specific commercial or general liability policies. However, don’t be fooled. General liability insurance often excludes aircraft.
Although it takes time to search for the right policy, that exclusion works in your favor. Aircraft insurance policies are often sold by individuals who are themselves avid commercial or hobby pilots. Therefore, their expertise and knowledge of the industry work to your benefit.
Generally, aircraft insurance policies will cover hull (physical) damage, although many will exclude medical coverage. These insurance policies will vary as there is no real baseline policy for aircraft insurance. As a result, finding a knowledgeable and reliable aircraft insurance agent is essential to choosing the right policy.
If you own an aircraft hangar and allow pilots to store their planes in it, you will want to consider purchasing a hangar insurance plan. Like any building, hangars are susceptible to damage from strong winds and other natural disasters.
Losing an airplane hangar can be a difficult situation. You not only lose or have damage your own aircraft but are responsible for the damage sustained to airplanes not owned by you.
A hangar insurance policy will provide you with coverage of the structure and, typically, items stored within. This includes any tools or parts used to make repairs to your aircraft. Ask your insurance agent for details about your policy.
Aviation Accident Insurance
The majority of modern aircraft contain advanced safety features. However, there are times when serious damage, like a dead engine, can cause the aircraft to crash land. These situations often cause injury and death of pilots and passengers on the airplane.
There are insurance policies you can use with the intent of protecting both parties in the event of a crash. Numerous airline companies also purchase policies that cover employees who sustain an injury while on the job. Aircraft insurance is a very specialized industry, so it is important to look for an agent that knows the ins and outs of various policies.
Types of Aircraft You Can Protect with Insurance:
Antique Airplanes and Warbirds
Every year, antique airplanes and warbirds are put on display in amazing airshows that display their prowess. Whether you own an aircraft from the 1940s or 1990s, antique aircraft requires special care and particular insurance plans that can be hard to find. These aircraft are unique and therefore require a unique approach to insurance.
If you are a hobby pilot, there is a good chance you own a sport airplane. These are airplanes that are flown for sport or relaxed enjoyment. As a result, they are often cheaper to insure. Additionally, receiving the training for a pilot’s license is often quick and easy.
Single or Twin-Engine Piston Airplanes
Finding an insurance plan for a single or twin-engine piston airplane is usually fast and easy. These are common types of airplanes that beginner pilots often use when trying to put in pilot flying hours. It is important to keep in mind that the cost of insurance for these aircraft will depend on the value of the aircraft. Additionally, there are times when your own experience as a pilot will affect the premium and deductible amount.
Non-Owned or Rented Airplanes
Pilots that rent an aircraft, whether for commercial or personal purposes, should seriously consider getting insurance. The following types of coverage are available for non-owned aircraft:
- Aircraft liability
- Aircraft physical damage
- Medical payments coverage
If you rent an aircraft and it is damaged, or passengers are injured, how will you pay for those expenses? Simply put, aircraft insurance is the way to go. Speak with your insurance agent about what you intend to use the aircraft for, and consider their recommendations for the best policies.
League City TX Aircraft Insurance
For more information about Texas Insurance Agency, visit our website! There, you can also find links to our blog and locations, as well as request a quote online. We look forward to assisting you in your search. Contact Texas Insurance Agency for your League City TX Aircraft Insurance.
League City, TX Fun Facts:
- League City is very much a sports town.
- This city was named one of the best small cities in the nation by Money Magazine in 2006.
- League City is home to the third-largest boating anchorage in the nation.
- For more information about League City, TX, visit the city’s website!