As a pilot, it’s important you get the right pilot insurance whether flying is purely a hobby or a career. Depending on your flying activities there are a large number of different insurance products to take into account.
Additionally, as you may have noticed when you fill in the application forms for life insurance or income protection insurance most will require that you declare whether you fly in non-scheduled aircraft which covers any light aircraft non run by an airline transport company. If you’re a private pilot and looking to gain life insurance or income protection insurance for your “Monday to Friday” job, there are specialist companies who will provide cover for you, however many of the mainstream insurance companies will not.
There are a number of insurance companies around the world which specialize purely in insurance for pilots (whether recreational or commercial), but sometimes it’s hard to know what insurance is available and which product is most appropriate for your needs. We recommend you contact a range of companies regarding pilot insurance and speak to their qualified staff who can advise you appropriately.
Below we will briefly discuss some of the different insurance products particular to pilots and their specialized needs.
Aircrew Loss of License Insurance
One of the biggest concerns for most commercial pilots is loss of license, and therefore loss of income. Loss of Pilot License is a disastrous situation given the years of training and the cost of acquiring a commercial pilot license, not to mention the financial impact on the family unit.
Many pilot insurance companies cover for a wide range of pilots including airline pilots, flight instructors, helicopter rescue pilots and both fixed wing line pilots and helicopter line pilots should you be in the unfortunate position of losing your license, whether that be to ill health or a breach of aviation regulations.
Most insurance companies offering products for pilots will have an online application for to gather information required to provide a quote for insurance premiums. Simply fill this out and you will be able to receive the right advice and a quote on appropriate pilot insurance.