Wed, Apr 09, 2008
Owners May Obtain Hull, Liability Coverage
The EAA Aircraft Insurance Plan, which already serves thousands
of aircraft owners throughout the United States, is now available
to even more owners, the Experimental Aircraft Association
announced Tuesday at Lakeland 2008.
For the first time, powered parachute and weight-shift trike
owners and pilots can obtain extensive liability and aircraft hull
coverage through a US-based aviation insurance company.
The expanded insurance offering encompasses a large number of
powered parachutes and trikes within the
Experimental/Amateur-Built, Special Light-Sport and Experimental
Light-Sport aircraft categories. It is available for EAA members
from student pilots to airline transport pilots, as well as dual
flight instruction.
"This type of coverage has never before been available for
powered parachutes and weight-shift trike owners and fliers through
a US-based aviation insurance company," said Tom Poberezny, EAA
president. "We're very pleased to provide coverage to EAA
members who fly these types of aircraft, as a key role of the EAA
Aircraft Insurance Plan is to expand coverage to areas where
insurance products do not typically exist. This addition provides
even more value to EAA members, who had requested this expanded
coverage."
"EAA has received many requests for this type of coverage and
knew it was important to create a plan that could make it possible
for these EAA members," said Bob Mackey, lead representative for
the EAA Aircraft Insurance Plan. "This plan is very flexible, as it
covers pilots from student all the way up to airline transport
pilots, and includes dual flight instruction as well.
"There are even provisions available that cover a powered
parachute or weight-shift trike when it is in storage or being
transported. This is coverage that is simply not available
through any US-based aviation insurance companies and is a
substantial value to EAA members."
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