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View Full Version : CFI Insurance


TiredSoul
10-23-2018, 01:37 PM
I知 looking to do a little instructing on the side.
Have permission from the Chief Pulot and now looking for CFI Insurance.
Here痴 my gloom and doom scenario:
Through no fault of mine we end up in the ditch with a bent airplane.
Owners insurance pays the bill then comes after me being the highest rated pilot in the airplane.
I know what insurance companies can do and I致e never instructed outside of a flightschool that carried Insurance.
Yes I知 an AOPA member.
Just looking for suggestions before I go digging.


Terrain Inop
10-23-2018, 04:23 PM
Avemco through NAFI

rickair7777
10-23-2018, 04:35 PM
Also better get a big umbrella.


TiredSoul
10-24-2018, 02:36 PM
Also better get a big umbrella.

I知 not having a very bright day so you値l have to explain that one ;)

badflaps
10-24-2018, 02:43 PM
I知 not having a very bright day so you値l have to explain that one ;)

Insurance coverage for all things, except maybe pinching the girl in the center seat.

rvfanatic
10-29-2018, 11:43 AM
I知 looking to do a little instructing on the side.
Have permission from the Chief Pulot and now looking for CFI Insurance.
Here痴 my gloom and doom scenario:
Through no fault of mine we end up in the ditch with a bent airplane.
Owners insurance pays the bill then comes after me being the highest rated pilot in the airplane.
I know what insurance companies can do and I致e never instructed outside of a flightschool that carried Insurance.
Yes I知 an AOPA member.
Just looking for suggestions before I go digging.

My CFI made me ensure there wasn't a subrogation clause on the policy before he flew with me in my aircraft. You may look into that clause, he didn't want it for that same reason. He didn't want insurance going after him since he had the most hours and money.

FlyingDawgg
10-29-2018, 06:21 PM
Avemco for sure!

rickair7777
10-30-2018, 06:54 AM
I’m not having a very bright day so you’ll have to explain that one ;)

A large policy (like $1M+) that kicks in after other policies are tapped out. Most specific underwriters (auto, boat, homeowner, aviation) won't do policies of $1M+, but if you have higher net worth you need it.

Especially as a CFI. At least you have some control over your driving habits, but if you sign somebody off you have no idea what they're going to do that might come back to haunt you.

If you're not higher net worth but are a major airline pilot, you probably still need an umbrella if you own a house, due to potential high future earnings. Normally the plaintiff will settle for the policy and leave your house alone. But if all you have is a house and future earnings, they might force you to sign over some future earnings in exchange for keeping the house (ambulance chasers prefer to deal in cash, not seized real estate).

If you don't own a pot to pee in (most CFI's) then you can just BK out and move on unscathed.