Airplane Storage Coverage: Protecting Your Aircraft While It’s Not in Flight
Whether you’re a seasoned pilot or a new aircraft owner, you understand the importance of protecting your valuable investment. But did you know that your aircraft needs insurance even when it’s not in the air? Airplane storage coverage provides essential protection for your plane while it’s parked in a hangar, tied down on the tarmac, or undergoing maintenance.
Why You Need Airplane Storage Coverage
Even when your aircraft is grounded, it’s still vulnerable to a variety of risks:
* **Fire:** Hangar fires, lightning strikes, or electrical malfunctions can cause significant damage to your aircraft.
* **Theft and Vandalism:** Aircraft and their components can be targets for theft or vandalism, especially when stored in less secure locations.
* **Weather Damage:** Windstorms, hail, or even heavy snow can cause damage to your aircraft’s exterior and sensitive components.
* **Accidental Damage:** Collisions with other aircraft, ground equipment, or even hangar doors can happen during storage or maintenance.
What Does Airplane Storage Coverage Include?
A typical airplane storage insurance policy can cover:
* **Physical Damage:** Protects your aircraft from damage caused by fire, theft, vandalism, weather events, and other covered perils.
* **Liability Coverage:** Covers your legal responsibility if your aircraft causes damage to another person’s property or injures someone while in storage.
* **Optional Coverage:** You can add optional coverages, such as flood insurance or earthquake coverage, depending on your location and specific needs.
Types of Storage Coverage
There are different types of storage coverage to suit your needs:
* **”All Risks” Coverage:** Provides the broadest protection, covering a wide range of perils unless specifically excluded in the policy.
* **”Named Perils” Coverage:** Covers only the specific perils listed in the policy, such as fire, theft, and certain weather events.
Prineville Insurance: Your Partner for Aviation Insurance
At Prineville Insurance, we understand the unique needs of aircraft owners. We’ll work with you to assess your risks, customize your airplane storage coverage, and ensure your investment is protected, whether it’s in the air or on the ground.
Don’t leave your aircraft vulnerable while it’s in storage. Contact us today to discuss your aviation insurance needs and get a personalized quote.