Aviation insurance, also commonly referred to as airplane insurance as aircraft insurance, covers a wide array of pieces to ensure the integrity of your aircraft, cargo and passengers. In order to cover all of the risks associated with aircraft ownership, the right Florida aviation insurance, customized to suit your pilot profile, and the details surrounding your aircraft, is critical. BWI has the specialized knowledge to guarantee that you invest in the best aircraft insurance policy offered in the state of Florida, regardless of your experience level.
With more than 140 airports, Florida is one of the top states with the highest number of aircraft registrations, making it very challenging to find the best aircraft insurance policy in “The Sunshine State”. Call our Florida aviation insurance specialists today to discover how we can save you a significant amount of money on your airplane insurance policy, while guaranteeing that you, your passengers, cargo, the the aircraft itself is fully covered cementing your total protection and coverage in the event of an unfortunate occurrence whether in the air, or on the ground.
BWI is Honored to be an Ongoing Piece of Local History by Offering the Best Florida Aviation Insurance
BWI recognizes that Florida has one of the richest aviation histories in our country, and knowing we wanted to be a part of the state’s proud history in flight, we opened our offices serving areas such as Miami, Fort Lauderdale, the Florida Keys, Tampa, Jacksonville, Tallahassee, Orlando, West Palm Beach, Fort Myers, Panama City, and several other areas known for having a strong aviation presence. From the daring bi-plane pilots who lowered rope ladders mid-flight to the even more daring lady acrobats who performed their wing-walking routines, to the fearless barnstormers, to the first Florida flight school founded in 1912 by Glenn Curtiss, Florida has aviation in its pulse with a long history of insuring pilots of all types for more than 100 years. BWI is honored to continue this tradition by protecting our Florida state pilots with the best aviation insurance policies from Key Largo to West Palm Beach.
Aircraft Renters Insurance in Florida
Many pilots in Florida prefer to rent aircraft as opposed to owning, and if you are this type of pilot, you will definitely need to invest in the best aircraft renters policy in Florida that offers the right kind of coverage that you require, without any additional charges. Regardless of the specifics, your Florida aircraft renters insurance policy should cover these points of financial protection:
- Legal defense costs
- Third-party bodily injury
- Third-party property damage
- Property damage to non-owned aircraft
- Deductibles and other costs
Aside from the above points, be sure to ask our aviation insurance experts about excess coverage for personal use, as this could add a ton of value based on your pilot profile. Generally, where one rents an aircraft and the areas where they normally fly will dictate the fine points of your airplane insurance policy in Florida. Some of the main factors our clients deal with include the following:
- Fixed Base Operators – Also known as an FBO, this is a popular option for pilots who are already certified but just need aircraft for a short trip. FBOs often offer certain conveniences that are significant in writing an aviation insurance policy. For example, fueling services, tie-down services, and other offerings are performed by more experienced parties with additional training.
- Flight Schools – Flight schools rent aircraft to new and veteran pilots, which means they need to maintain an aircraft inventory suitable for a wide variety of pilot types and experience levels. Many pilots will upgrade their aviation insurance policy when they are in the process of doing further training at a flight school; they will need to upgrade their insurance policy to reflect their current license and skills. This is one of the busiest times for flight schools, and BWI has a longstanding history of helping both students pursuing advanced training, and flight schools, secure the best aviation insurance policies in Florida.
- Private Owners – When you consider renting aircraft from a private owner, you will want to see if they offer any supplemental insurance to accommodate the best aviation insurance policy for Florida pilots. Our experts can help you get the right policy and advise you when working with private owners. Just be sure to have a sample contract available so that we can do our research in order to determine your best airplane insurance policy coverage for Florida.
- Flying Clubs – For pilots who want access to aircraft on a regular basis, utilizing flying clubs is almost always the best option. This is convenient for many pilots who don’t want to take on the financial burden of maintenance. At flying clubs, groups of pilots join forces to purchase an aircraft in order to mitigate the costs. Because groups of pilots rent airplanes on a monthly basis, their overall cost is significantly lower than it would be to go through an FBO or private owner. For pilots like these, BWI offers the best group aviation insurance policy.
When you call BWI, we help you explore these options and help you determine which one makes the most practical sense based on your needs and profile as a pilot, and we will guarantee that you get the best Florida aviation insurance policy customized to give you that ultimate layer of financial protection.
What Coverage does a Florida Aircraft Renter’s Insurance Policy Cover?
The best aircraft renter’s insurance policy in Florida will generally cover the following:
- Third-party bodily injury
- Legal defense costs
- Third-party property damage
- Aircraft physical damage
- Flight school costs / FBO deductibles for physical damage
If you plan to fly an aircraft owned by another party, then it is paramount to invest in the best Florida aircraft renter’s insurance policy, as this will arm you with the protection you need in the event you experience an accident, and it will give you total peace of mind enabling you to enjoy life without entertaining those stressful “what if” scenarios.
When you call BWI for a Florida aircraft renter’s insurance policy quote, our experts will go over standard liability coverage, and we will go above and beyond to make sure every last detail of the policy is tailored to your needs. In order to protect yourself against legal liability for any damages that may result from property damage or bodily injury caused while flying or moving the aircraft on the ground, the right airplane liability insurance is absolutely necessary, requiring an expert to make sure all the bases are covered.
What Does A Standard BWI Florida Airplane Liability Insurance Policy Look Like?
A solid Florida airplane liability insurance policy will generally start at $250,000 for each occurance with a $25,000 for each passenger. For physical damage to the aircraft, hull coverage is applied for airplanes that you don’t own. This can be added to a Florida airplane liability insurance policy for an amount that usually ranges from $5,000 to $200,000. Our BWI Florida aviation insurance experts will help you determine the right amount by going over these considerations:
- The value of the aircraft
- If the party you are renting the aircraft from already offers hull coverage, and if so, what the deductibles are
- If hull coverage is already offered while considering the value of the aircraft, you may be advised to get hull coverage deductibles in your Florida airplane liability insurance. It may also make sense to cover the value of the aircraft if the owner lacks the appropriate coverage.
Just be aware that obtaining hull coverage on a plane that’s owned by someone else will require getting a secondary type of coverage. This means that the owner of the airplane will use his insurance policy in the event of a loss. Hull coverage is only paid if you are found to be liable for damage. This means you must be facing a lawsuit in order for the coverage to be activated.
What Aircraft Types Does A Florida Aviation Insurance Policy Cover?
At BWI, our Florida aviation insurance policies cover a wide range of aircraft types that include the following:
- Single engine aircraft
- Sailplanes
- Single engine seat aircraft
- Fixed wing aircraft
- Gliders
- Single engine seaplanes
- Standard aircraft
- Experimental aircraft
- Light sport aircraft powered by a reciprocating piston engine
- Helicopters
- Multi-engine land aircraft
There have been occasional instances where exclusions have applied. That said, give our Florida airplane insurance team a call so we can gather the right information, learn all of the details surrounding your pilot profile, and we will work hard to ensure you get the best value on the right Florida aviation insurance policy that will cover all those critical bases, giving you the confidence to know you are covered both in the air, on the runway, and in the hangar.
Call BWI For the Best Florida Aviation Insurance Policy
Not all Florida aviation insurance policies are equal. Clearly, customization is key, and from decades of experience we know that the best aviation insurance policy must be tailored to your experience and operational size in order to guarantee you are getting the best value. Whether you typically take personal weekend trips to the Keys and Bahamas, you transport tourists or cargo, or you operate a skydiving business, you need the right Florida aircraft insurance policy designed to deliver the right level of protection, for any scenario.
BWI is honored to be so closely bound to the lengthy and exciting aviation tradition in the state of Florida, and we look forward to improving your physical and financial safety with the best custom aviation insurance policies Florida offers!
