Airplane Hangars: Protecting Your Aircraft with Specialized Insurance
Owning an aircraft is a significant investment, and ensuring its protection is paramount. Whether you’re a private pilot with a single-engine plane or a business with a fleet of jets, airplane hangar insurance provides comprehensive coverage for your aircraft and the structure that houses it.
What is Airplane Hangar Insurance?
Airplane hangar insurance is a specialized policy that combines property and liability coverage to protect both the aircraft and the hangar itself. It’s designed to address the unique risks associated with aircraft ownership and storage.
What Does It Cover?
A typical airplane hangar insurance policy includes:
* **Hangar Building Coverage:** Protects the physical structure of the hangar from damage caused by fire, windstorms, hail, vandalism, and other covered perils.
* **Aircraft Coverage:** Provides coverage for your aircraft while it’s stored in the hangar, including protection against fire, theft, vandalism, and certain weather events.
* **Liability Coverage:** Protects you if someone is injured on your hangar property or if your aircraft causes damage to another person’s property.
* **Contents Coverage:** Covers tools, equipment, and other personal property stored within the hangar.
Optional Coverage Add-ons
Depending on your specific needs, you can add optional coverages to your policy, such as:
* **Flood Insurance:** Provides coverage for flood damage, which is typically excluded from standard policies.
* **Earthquake Insurance:** Covers damage caused by earthquakes, especially important in areas prone to seismic activity.
* **Business Interruption Insurance:** If your hangar is damaged and you’re unable to use it, this coverage can help replace lost income or cover expenses related to temporary relocation.
Who Needs Airplane Hangar Insurance?
This type of insurance is essential for:
* Private aircraft owners
* Flight schools and training facilities
* Aircraft maintenance and repair businesses
* Corporate flight departments
* FBOs (Fixed-Base Operators)
Prineville Insurance: Your Aviation Insurance Experts
At Prineville Insurance, we understand the unique needs of aircraft owners and aviation businesses. We’ll work with you to assess your risks, customize your airplane hangar insurance policy, and ensure you have the right coverage to protect your valuable assets.
Don’t leave your aircraft and hangar exposed to unnecessary risks. Contact us today to discuss your aviation insurance needs and get a personalized quote.