What is Helicopter Insurance?
Helicopter insurance is a type of insurance that provides coverage for helicopters as well as owners against potential losses. Helicopter Policy provides security against risks such as theft, vandalism, accidents, and more. This kind of insurance is curated to protect the owners of these expensive aircraft from the insurmountable costs associated with replacing a damaged or lost helicopter or repairing one.
Why is Helicopter Insurance better?
A specialized insurance policy that offers coverage for damage or loss of helicopters, insurance is designed to meet the needs of helicopter owners and operators. This insurance also includes coverage for liability, the hull, and personal injury.
This insurance policy’s specificity makes it better suited for helicopter owners when compared to other insurance policies. And while a standard aircraft insurance policy may provide a certain amount of coverage for helicopters, it might not protect the owner from all the potential risks associated with owning this specific type of aircraft. By availing of helicopter insurance, owners can rest assured that their valuable assets are fully protected.
Helicopter Insurance Cost
Helicopter Insurance cost varies depending on several factors. The type of helicopter, its usage, and the level of coverage required are just a few of the many aspects that might be taken into consideration for this type of insurance cost. Generally, the more expensive and powerful the helicopter, the higher the insurance premium.
Some other factors can also impact the cost of helicopter insurance such as the pilot’s experience and training, the geographic location of the helicopter’s operation, and the number of flight hours logged. It is not totally wayward to feel that the cost of helicopter insurance is expensive. However, in reality, it is a small price to pay for the security and protection this insurance provides.
What is covered in Helicopter Insurance?
A comprehensive helicopter insurance policy typically includes coverage for both the hull and liability. This coverage protects against physical damage to the helicopter. Damage caused by accidents, weather events, and other hazards is also covered under this type of policy. Liability coverage, on the other hand, provides protection against claims for injury or damage caused by the helicopter to third parties.
Helicopter policy plan may also include coverage for passenger injury, medical expenses, loss of income, and emergency evacuation besides the usual hull and liability coverage. These additional coverages provide owners with greater peace of mind and protection against a wide range of potential risks.
Advantages of Helicopter Insurance
There are numerous of advantages including the:
- The peace of mind that comes with knowing that your valuable asset is protected against damage, loss, or theft.
- Protection against liability claims which can be otherwise financially draining for owners.
- Access to expert advice and support in the event of an accident or other incident as insurers often have a team of experienced aviation experts who can provide guidance and assistance to owners during difficult times.
Documents Required for Helicopter Insurance
Owners are required to provide certain documents to insurers to apply for helicopter insurance. These documents may include but are not limited to airworthiness certificates, helicopter registration, and pilot and maintenance records.
Besides the general documents, owners may also need to provide information about the intended usage of the helicopter, including its typical flight routes and cargo capacity. Providing this information ensures that helicopter insurance companies can better assess the risks associated with the coverage and go a step ahead by tailoring coverage specifically for the owner’s needs.
At The Assurance Hub, a leading insurance company we understand the importance of protecting your high-value asset. It is for this reason that we offer comprehensive insurance at the best price to ensure that you have the coverage you need to fly with peace of mind. Our team of experienced insurance experts is dedicated to providing you with personalized coverage that meets your unique needs and budget. Trust us to safeguard your investment and keep you flying safely in the skies.
Get the protection your high-value asset deserves with The Assurance Hub’s insurance plan online. Our easy-to-use platform allows you to quickly and conveniently purchase coverage that meets your unique needs and budget. Fly with confidence knowing that you have comprehensive protection at your fingertips.