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 like Avemco and Starr Insurance are offering flexible, personalized solutions to aircraft owners and pilots due to the COVID-19 pandemic.
- Avemco allows policyholders to switch to non-flying status via phone call (unless a lien contract requires full coverage) and honors FAA medical certificate exemptions.
- Starr Insurance is extending deadlines for pilot training and medical certifications until June 30, 2020, or until social distancing mandates are lifted.
- Policyholders are encouraged to contact their insurers or brokers directly for specific guidance on their coverage during the pandemic.
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