What type of insurance coverage would the owner of a Helicopter need and why?


The owner of a helicopter would likely need several types of insurance coverage to adequately protect their investment and manage risk. Here are a few types of insurance that a helicopter owner or helicopter tour business may consider:

  1. Aviation liability insurance: This type of insurance is designed to protect against liability claims arising from the use of an aircraft, including helicopters. If the owner of the helicopter is involved in an accident that results in injury or property damage to a third party, their aviation liability insurance can help cover the costs of legal fees, settlements, and judgments.
  2. Hull insurance: This type of insurance covers damage to the physical structure of the helicopter, including damage caused by accidents, theft, or weather events. Hull insurance can also cover the cost of repairing or replacing damaged or destroyed equipment, such as avionics, engines, and rotor blades.
  3. In-flight insurance: This type of insurance covers loss of or damage to cargo or passengers during flight. In-flight insurance can provide coverage for medical expenses, emergency landing expenses, and other costs associated with accidents or emergencies that occur while in the air.
  4. Personal accident insurance: This type of insurance can provide coverage in the event that the owner or pilot of the helicopter is injured or killed while operating the aircraft. Personal accident insurance can help cover medical expenses, lost income, and other costs associated with an accident.
  5. Hangarkeepers insurance: If the owner of the helicopter stores the aircraft in a hangar or other storage facility, they may need hangarkeepers insurance to protect against damage or loss of the aircraft while it is stored.

It’s important for the owner of a helicopter to work with an experienced aviation insurance broker to identify their specific insurance needs and design a comprehensive insurance program to protect their investment and manage risk.

 

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