AOPA Moves Into Commercial, Flying Club Insurance
AOPA Insurance Services has convinced some of its underwriters to allow flexible coverage for club and partnership aircraft. In an interview with AVweb at NBAA 2013, Bill Snead, the new president of the company, said there are myriad scenarios to aircraft ownership, including the potential for rental, that presented insurance challenges. He said AOPAIS has been talking to the underwriters about the issues and an announcement will be made next week. Meanwhile, the insurance arm of AOPA rolled out a new program to cover aviation businesses.
In a news release, AOPAIS said it's moving into the commercial sector to offer its competitive rates to "fixed-base operators (FBOs), charter and agricultural aviation businesses, flight schools, repair stations and a variety of other aviation enterprises." The release said the expansion is part of its mission of "protecting the freedom to fly by offering insurance coverage to businesses that work at the heart of general aviation."