Aviation insurers are adjusting to the current COVID-19 outbreak by offering personalized answers for the aircraft owners that they have relationships with, as aircraft across the country sit idle. We checked in with a couple providers to give their advice.
What Relief Are Pilots Seeing From Insurers?
Key Takeaways:
- Aviation insurers are offering flexible and personalized solutions for aircraft owners during the COVID-19 pandemic as planes sit idle.
- Avemco allows owner policyholders to switch to non-flying status via a phone call and will honor FAA medical certificate exemptions for owner policies, not requiring current medicals or flight reviews at the time of an incident.
- Starr Insurance is extending training and medical certification deadlines for insured pilots, currently through June 30, 2020, to ensure coverage isn't lost due to pandemic restrictions.
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