hicountry wrote:The policy I have for my plane makes me covered for any plane I fly up to the hull damage that I'm insured for on my own plane.
Not to pick on hicountry as many believe this same thing, but it is not correct. You must read the policy as it has very specific wording on what "your coverage for other aircraft" actually covers. Pay very close attention to the wording...it is easy to understand, but often times we read what we think it says instead of what it really says. As always, we must read our specific policy wording to be sure of the coverage and limitations. For instance, if the named insured on your policy is listed as more than one individual, LLC, Corporation, Trust, etc., then your policy would not cover non owned aircraft with most companies. If you wanted to use an aircraft that is other than “Standard” airworthiness then you would need to be insured with Chartis or Starr as the others would exclude it. Some companies are very specific on horsepower, seating, engine type, etc while others are not. Some companies state the max value payable as “whichever is greater” while others state “whichever is less”…this is a very important difference. See the Global wording…if you are flying a J-3 and borrow your buddies Supercub the policy will not cover up $100,000 but only up to the value of your J-3. If you wanted to borrow or rent a tailwheel to get your endorsement and you own a tricycle gear it would not be covered with Chartis.
Here are some examples of the various policy wordings:
Avemco:
- Your use of a non-owned aircraft if you are one individual or one individual and spouse, whether or not your insured aircraft is not usable because of breakdown, servicing, repair or loss.
- for “excluding in flight” coverage, the highest amount shown for any insured aircraft with “excluding in flight” coverage; for “including in flight” coverage, the highest amount shown for any insured aircraft with “including in flight” coverage;
- This Insurance does not apply to: The use of a non-owned aircraft which: does not hold a “Standard” category airworthiness certificate; is a rotorcraft, unless your insured aircraft is a rotorcraft; is a turboprop aircraft, unless your insured aircraft is a turboprop aircraft; is a turbojet aircraft, unless your insured aircraft is a turbojet aircraft; has a seating capacity of more than 7 persons, or, if greater, the seating capacity of your insured aircraft; is used without its owner’s consent.
Chartis:
- Coverages A & B (Aircraft and Liability) will apply (if insured) to your legal liability arising out of: use of non-owned aircraft by you but only if you are one individual or one individual and your spouse.
- Our limit of liability for property damage to a non-owned aircraft will be no more than the greatest amount of flight coverage that you purchased for your aircraft, shown as the agreed value on Coverage Summary Page One, or $50,000, whichever is more.
- the non-owned aircraft used by you: must not be in flight, unless operated by a pilot who has an appropriate FAA pilot's certificate for the make and model being flown; must not have more engines or a different type of engine (piston or turbine) or more horsepower than the aircraft described in Item 3 on Page One, or not more than a single engine up to 300 horsepower, whichever is greater; must not have more total seats than the aircraft described in Item 3 on Page One, or not more than 6 total seats, whichever is greater; must not be a seaplane, unless the aircraft described in Item 3 on Page One is a seaplane; must not have a pressurized cabin, unless the aircraft described in Item 3 on Page One has a pressurized cabin; must not be a rotorcraft, unless the aircraft described in Item 3 on Page One is a rotorcraft.
Global:
- The coverage provided by this Agreement applies only if the Named Insured is one individual or one individual and spouse.
- As respects the insurance afforded by this paragraph, the Company's Limit of Liability shall be equal to the lesser of $100,000; or the Insured Value for that aircraft which is described in Item 4 of the declarations as having the greatest Insured Value.
- Any fixed wing, land aircraft, powered by a reciprocating piston engine that is licensed under a "Standard" airworthiness certificate issued by the Federal Aviation Administration and has a seating capacity which is no greater than six (6) total seats.
Phoenix (Old Republic):
- If the Named Insured is one individual or, one individual and spouse, such insurance as is afforded under Coverages A, B, C, D and E with respect to the aircraft described in Item 5 of the Declarations is extended to apply with respect to the use, by or on behalf of the Named Insured, of any other aircraft bearing a “Standard” airworthiness certificate not owned in whole or in part by, or furnished for regular use to, such Named Insured and spouse. The insurance provided by this Agreement shall apply only to the Named Insured and spouse.
-In the event that the aircraft has a passenger capacity greater than that of any aircraft listed in the Declarations, then the Company’s liability under Coverage D for passenger claims shall be determined in accordance with the provisions of the “Limit of Company’s Liability” section of this policy, as if the aircraft involved had the same seating capacity as that aircraft listed in the Declarations which has the greatest seating capacity.
Starr:
- If the named insured is one individual or, one individual and spouse, such insurance as is afforded under Coverages A, B, C, D and E with respect to the aircraft described in Item 4 of the Declarations, is extended to apply with respect to the use, by or on behalf of the named insured, of any other aircraft not owned in whole or in part by, or furnished for regular use to, such named insured and spouse. The insurance provided by this agreement shall apply only to the named insured and spouse.
- The definition of aircraft is extended to include such aircraft of others, but not if they:
have more engines or a different type of engine (piston or turbine) or more horsepower than any aircraft described in Item 4 on the Declarations, or any single engine over 300 horsepower; have more total seats than any aircraft described in Item 4 on the Declarations, or more than 6 total seats, whichever is greater; have a pressurized cabin, unless any aircraft described in Item 4 on the Declarations has a pressurized cabin; are seaplanes, unless any aircraft described in Item 4 on the Declarations is a seaplane; or are rotorcraft, unless any aircraft described in Item 4 on the Declarations is a rotorcraft.
- The Limit of Liability for physical damage to a non-owned aircraft will be no more than the greatest amount shown as the Insured Value on item 4 of the Declarations, or $50,000 each occurrence, whichever is greatest.
- In addition to the exclusions in the policy applying to Coverage F, this coverage extension does
not apply: if the Company does not insure all the aircraft owned by, registered to, leased to or under
the exclusive control of the named insured;
