Why You Need Hangarkeepers Liability Insurance if You Own a Hangar

Airplanes and helicopters are expensive pieces of machinery, and any damage or destruction sustained by them could cause the responsibly party a lot of money if they aren’t insured. If you own a hangar and want to keep yourself protected and give your clients peace of mind when storing their aircraft in your hangar, it’s an excellent idea to look into getting a hangarkeepers liability insurance policy. By definition, hangarkeepers liability is a policy that covers the destruction or damage caused to someone else’s aircraft while it is in your custody for storage, repair or safekeeping.

The Benefits Provided by Hangar Insurance

A fire could break out, a malicious party could gain access to your hangar, a piece of machinery could fall and damage a plane that’s in your custody – there is a whole host of unthinkable problems that could occur in your hangar, and having insurance will protect you from all of them. No matter what happens, the cost of an insurance policy is usually much more cost effective than dealing with paying for any unforeseeable damage caused to an aircraft in your care, and it’s especially cheaper than replacing a plane that’s been destroyed.

Who Needs Hangarkeepers Insurance?

If you own or manage any facility where aircraft are held, hangarkeepers insurance should be a top priority for you. This includes simply using your hangar to store an aircraft when not in use or running a repair service out of your hangar. If disaster does strike, you’ll be glad that you have a liability insurance policy in place to protect you and pay for any costs that you may one day find yourself responsible for.

What to Look for in a Hangerkeepers Insurance Policy

As is true with any insurance, you want to look for a policy with low rates and high amounts of coverage. Some policies cover more than others, so make sure to read the fine print and find out what exactly is covered, how much it will cost you, and how much will be covered if an accident happens. You want to work with an insurance company that specialises in aircraft insurance because they will have the knowledge and experience necessary to give you all the benefits that you need to keep your hangar and all of the aircraft in it covered.

Working with Avcover

We are a locally owned and operated business that has over twenty years of experience in the aircraft insurance industry. We work closely with all of our clients to ensure that they’re getting the exact policy they’re looking for when it comes to hangar liability. We pride ourselves on providing a valuable service for a fair cost, and we’re sure that we have the coverage you need to keep you safe and give you peace of mind. If you have any questions about us or what we do, give us a call or stop by our website today.