Hangarkeepers Insurance

Hangarkeeper's insurance, also known as hangarkeeper's liability insurance, is a specialized type of insurance designed to protect owners and operators of hangars from financial losses arising from claims of bodily injury or property damage to aircraft and other property under their care, custody, or control. It acts as a safety net, covering incidents that might occur within the hangar or during related activities.

Who needs hangarkeeper's insurance?

Any individual or business that owns or operates a hangar used for storing, maintaining, or servicing aircraft needs hangarkeeper's insurance. This includes:

• Private hangar owners storing their own aircraft or renting space to others.
• Fixed-base operators (FBOs) offering aircraft storage, maintenance, and other services.
• Airport authorities managing hangar facilities.
• Aircraft maintenance and repair businesses working on aircraft within a hangar.

What does it cover?

• Damage to Aircraft: Covers repairs or replacements of aircraft stored or undergoing maintenance in your hangar if the damage is caused by your negligence or that of others.
• BodilyInjury: Covers medical expenses and other costs associated with injuries sustained by individuals on your hangar premises, including employees, customers, or visitors.
• Property Damage: Covers repairs or replacements of other property (tools, equipment, buildings) damaged due to covered events.
• Legal Defense Costs: Even if a lawsuit against you is ultimately found invalid, Hangarkeeper's insurance covers your legal defense fees, including attorney fees and court costs.

Additional coverages that might be included:

• Theft: Protects against theft of aircraft or other property from your hangar.
• Pollution Liability: Provides coverage for losses or damages resulting from unexpected releases of pollutants, typically excluded in general liability and property insurance policies.
• Premises Liability: Provides coverage for slip-and-fall accidents or other incidents on your hangar property.

By understanding the importance of hangarkeeper's insurance and seeking professional guidance, you can ensure your hangar and its contents are financially protected, minimizing potential losses and operating with peace of mind.