The latest trend in airplane insurance, although admittedly a first world
problem, doesn't look
promising for GA pilots.
Key Takeaways:
SkyWatch, an InsurTech company, has launched an industry-first usage-based aircraft renter's insurance model for general aviation pilots.
This new insurance product offers flexible coverage options (yearly, monthly, weekly, or daily), allowing pilots to pay for insurance only when they are flying.
Developed in collaboration with Global Aerospace Inc., the service aims to provide quick, affordable, and convenient coverage starting from as low as $5 a day.
The majority of general aviation pilots across the country are renters and fly sporadically throughout the year. Most companies who rent aircraft require renter’s insurance, paid for by pilots, before they can take off.
Aircraft renters insurance has always run on a monthly or yearly basis, until now.
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Based in Texas, Ashley is the former Marketing Manager at FLYING and focuses deeply on training and education. She graduated from the Baylor Institute for Air Science with a Bachelor's in Aviation Science and holds an MBA specializing in Marketing. She is an also instrument rated private pilot and licensed FAA dispatcher.
