EAA: Insurance Now Available For More Sport Aircraft
Insurance options for those who fly powered parachutes and weight-shift aircraft (trikes) have long been scarce, but new plans now available should cover most needs, EAA announced at Sun 'n Fun on Tuesday. Bob Mackey, lead representative for the EAA Aircraft Insurance Plan, said the new plan is very flexible, and will cover pilots from student all the way up to ATP. Passengers can also be covered, as well as dual flight instruction. Both liability and hull insurance are available, Mackey said, at prices that are similar to rates offered for more traditional fixed-wing aircraft. A selection of makes and models are on the EAA's "approved list," and more models may be added as new information is collected, EAA said. "Insurance options are part of the necessary infrastructure to make Light Sport Aircraft viable," Mackey said.
He added that the new insurance products are all based in the United States, which he said offers additional assurance that the plans are solid. More info is available at the EAA Web site.