CFI Insurance

[av8rbama]

There's not a flight school at my airport... we're all freelance instructors working out of both FBOs, thus no insurance provided.

I've currently got a Falcon policy through NAFI. Anyone found a better deal? I got this in a hurry and noticed it doesn't cover commercial ops in non-owned a/c other than flight instruction. Is this typical of this type of insurance?

 

[Ralgha]

Yes it's typical of that kind of insurance. I couldn't find a better deal than the Falcon one. AOPA's is a rip off.

 

[roundout]

i use falcon thru NAFI, too. good coverage and a fair price. i hope to god i never need it.

 

[ventus]

AOPA's is a rip off.

Unless you are a NAFI Master CFI then AOPA is actually less expensive.

Bodily injury and property damage:
AOPA - 500,000 100,000 (Each Occurrence/Per Passenger ) - $475
NAFI - 500,000 100,000 - $500

You can purchase additional coverage for damage to non-owned aircraft.

 

[midlifeflyer]

ventus, are you saying that AOPA's coverage =doesn't include non-owned aircraft coverage? That's surprising. The CFI policies I've seen are based on non-owned aircarft policies.

 

[ventus]

ventus, are you saying that AOPA's coverage =doesn't include non-owned aircraft coverage? That's surprising. The CFI policies I've seen are based on non-owned aircarft policies.

Suprising? NAFI does not include it either. Check it out…

http://www.nafinet.org/insurance_app.pdf

 

[midlifeflyer]

It may not be mentioned on the application, but it is definitely in the policy. I have one. In essence, a CFI policy =is= a non-owned aircraft policy with additional language protecting you while giving instruction in one. The NAFI policy is written that way. So is the Avemco policy (Avemco makes it clearer - you but non-owned aircraft policy with a CFI endorsement.)

I'd be very surprised if the AOPA policy is any different.

Don't look at an application and think it's a policy.

 

[ventus]

What I am trying to say is that the aircraft damage is an optional policy – additional premium. I am not referring to the original post.

NAFI offers aircraft damage liability as an optional coverage – additional premium.

It can only be purchased if "Bodily Injury and Property Damage" coverage has been purchased. "Bodily Injury and Property Damage” alone does not cover damage to a non-owned aircraft. I hope you are aware of that.

I hope this makes sense.

 

[av8rbama]

Yeah, the liability (hull damage) is separate on the NAFI policy. I didn't know if anyone includes that with bodily injury or if anyone covered anything for commercial ops (except for instruction).

 

[Ralgha]

Unless you are a NAFI Master CFI then AOPA is actually less expensive.

Bodily injury and property damage:
AOPA - 500,000 100,000 (Each Occurrence/Per Passenger ) - $475
NAFI - 500,000 100,000 - $500

You can purchase additional coverage for damage to non-owned aircraft.

Typical American to look only at the price and ignore the value. "It says insurance right? That's all I need! It only covers me during even hours on every other Thursday with a maximum payout of $500, but it only cost me $25, hot damn what a deal!!"

Most organizations that require insurance are going to require the $1 million limit, for which Falcon and AOPA charge the same amount. Additinally, I did a lot of comparing when shopping for my insurance, and AOPA's was severly restricted in what types of aircraft you were covered in. Falcon's is much more broad. Straight cost, AOPA is cheaper in certain cases. Value? Falcon wins hands down, but that wouldn't be the American way. Wal-Mart mentality at it's best.

 

[ventus]

Additinally, I did a lot of comparing when shopping for my insurance, and AOPA's was severly restricted in what types of aircraft you were covered in. Falcon's is much more broad. Straight cost, AOPA is cheaper in certain cases. Value? Falcon wins hands down, but that wouldn't be the American way. Wal-Mart mentality at it's best.

Apparently you did not do enough comparing:

Both AOPA and FALCON have the same restrictions:

This application is for your personal, business related flying and your flight instruction to others in non-owned, fixed wing, non-pressurized, land aircraft having non-turbine single engine of 450 horsepower or less (including non-powered sailplanes) and a capacity of no more than seven (7) total passengers and/or seats and having a standard airworthiness certificate.

I do not use either one.

 

[av8rbama]

Apparently you did not do enough comparing:

Both AOPA and FALCON have the same restrictions:

This application is for your personal, business related flying and your flight instruction to others in non-owned, fixed wing, non-pressurized, land aircraft having non-turbine single engine of 450 horsepower or less (including non-powered sailplanes) and a capacity of no more than seven (7) total passengers and/or seats and having a standard airworthiness certificate.

I do not use either one.

This is from AOPA and is not the same as Falcon's NAFI plan.

I've still got 9 months or so on my Falcon policy. I just wanted some opinions of others who might know someone who unfortunately had to use their policy.

On closer examination, I think I'm going to stick with Falcon's NAFI plan. Falcon covers multi-engine aircraft (AOPA is extra), has $5000 of legal defense included (AOPA is extra), floatplanes (AOPA doesn't even mention floatplanes), pressurized aircraft (AOPA specifically doesn't cover them), and no limits on horsepower (AOPA specifically limits to 450). This is all straight from the web, I'm not quoting my policy. Like I said, I bought my original policy in a hurry on a recommendation of one instructor and wanted to make sure I was getting the most for my money. I didn't know if there were any other policies to consider other than these two. Thanks for all the input.

http://www.nafinet.org/programs/falcon_insurance.html
http://www.aopaia.com/index.cfm?parm1=Renters%20FAQ

 

[midlifeflyer]

What I am trying to say is that the aircraft damage is an optional policy – additional premium. I am not referring to the original post.

NAFI offers aircraft damage liability as an optional coverage – additional premium.

It can only be purchased if "Bodily Injury and Property Damage" coverage has been purchased. "Bodily Injury and Property Damage” alone does not cover damage to a non-owned aircraft. I hope you are aware of that.

I hope this makes sense.

It does. All of the companies charge a separate premium for hull damage, probably since you can buy the amount you need.

Think in terms of your car insurance.

You have coverage for injuries you cause to people. (Bodily Injury)

You have coverage for damage you cause to property =other than the vehicle you are driving= (Property Damage)

You have coverage for damage to the vehicle you are driving (collision or, in the case of airplanes, "hull.")

The details are a little different, but, just like your auto policy, bodily injury and property damage are purchased together. Hull is optional, but can't be purchased alone.

 

[Ralgha]

Apparently you did not do enough comparing:

Both AOPA and FALCON have the same restrictions:

This application is for your personal, business related flying and your flight instruction to others in non-owned, fixed wing, non-pressurized, land aircraft having non-turbine single engine of 450 horsepower or less (including non-powered sailplanes) and a capacity of no more than seven (7) total passengers and/or seats and having a standard airworthiness certificate.

I do not use either one.

I'll refer you to av8rbama's post immediatly following yours. Apparently YOU did not do enough comparing.