Renter’s insurance

gne in prog

gne in prog

Well-Known Member
A brief search didn’t turn anything up.

I’m going to get checked out in a single again after a fifteen year hiatus from piston powered flight. At first I thought, “what’s the worst that could happen?” Then I thought, “oh, yeah. Maybe I should buy some insurance.”

Any recommendations for renter’s insurance?
 
gne in prog said:
I’m not. Does membership include insurance these days?
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No, but their insurance brokerage is pretty good and you get a member discount. I found it worthwhile to join, even though I don’t like some of their politics. I found that it didn’t make sense to go outside their brokerage until getting to the cabin class level. At that point, specialty brokers find better deals.
 
gne in prog,

Is it an FBO or a flying club?


I'm considering getting back into GA after a ~10 year hiatus myself, and although I've sat right seat a bunch of times and split a 172 weekend getaway with a few people, I haven't been the pilot.

The thing I'm curious about is would renter's insurance be redundant and unnecessary if I'm a club member.

This is pasted from the club's website, and I'm curious if you're reading anything similar if it's a flying club situation:

However, if you are a member of a flying club you are the insured party, or what is called the named-insured. This is the case at the [Flying Club].
Therefore, if there is an insurance claim for damage or liability claim (i.e. personal injury lawsuit) our insurance company will not only pay for the claim and the defense in court, but they also cannot “subrogate” or sue you, because you are one of the named-insured.
You do not need to obtain renters insurance because you are barred from any subrogation by our insurance company – you are their policy holder. This is a huge advantage in the area of financial exposure, particularly with our flying club.
Our deductible is $250 for a non-motion claim and $1,000 for a motion claim.
Your exposure is limited to the deductible. If there is a claim, our Board of Directors will review the incident and determine what percent of fault is the member's — if any — and assess them for that percentage of the deductible.
Thanks to our forty years of experience and excellent claim history, we’re able to obtain a policy that provides $2,000,000 of liability coverage, subject to $250,000 per seat. Almost all other commercial flight schools and rental operators are only able to obtain a maximum of $1,000,000 of liability coverage, subject to only $100,000 per seat.
For most aircraft renters the added cost of the renters’ insurance far exceeds the cost of monthly membership dues. Our monthly dues help provide this far superior insurance coverage.
 
@Nick it’s a club, and the insurance through them would cover the airplane and it’s occupants. However, it’s my understanding that I wouldn’t be covered from third party claims. So for instance, i do something stupid and need to land on a road. I hit a car doing this, injuring them, damaging their car and writing off the airplane. I’d be covered for the plane and occupants with a $1000 deductible, but if the owner of the car and it’s occupants came after me i wouldn’t be covered for their claims.
 
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ATN_Pilot said:
No, but their insurance brokerage is pretty good and you get a member discount. I found it worthwhile to join, even though I don’t like some of their politics. I found that it didn’t make sense to go outside their brokerage until getting to the cabin class level. At that point, specialty brokers find better deals.
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Haha, who could have predicted Todd would join AOPA? I believe you said years ago that it'd be a cold day in hell before you ever supported them. Welcome back to reality!
 
Stone Cold said:
Haha, who could have predicted Todd would join AOPA? I believe you said years ago that it'd be a cold day in hell before you ever supported them. Welcome back to reality!
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I still don’t like them. :) Might let my membership expire this year, in fact. NBAA is probably more relevant for what I’m flying now and likely to be flying in the future.
 
ATN_Pilot said:
I still don’t like them. :) Might let my membership expire this year, in fact. NBAA is probably more relevant for what I’m flying now and likely to be flying in the future.
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That's even more ironic!! Are you still for user fees??? Let's make Seggy's head spin... Haha
 
I've carried both AOPA and Avemco policies. I found Avemco to be a little easier to deal with and a little cheaper at the time.

My club policy is fairly comprehensive, so I don't carry insurance beyond that, but if I was renting the traditional way and I was *really* paranoid then I would likely carry a policy with hull coverage and liability. I can't remember what the liability limits were the last time I did this, but the policy was running me about $600 a year with some discounts and $60K in hull coverage.
 
Avemco paid the aircraft owner the $15k I had insured as a student renting for a total loss 15 years ago. Best $375 I ever spent.
 
Not USAA....


There car insurance has been great and all, but homeowners/renters has left me less than impressed both times I’ve tried to use it.


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