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Hangar Insurance

PostPosted: Thu Mar 04, 2021 9:39 pm
by n2582d
County requires $1,000,000 liability insurance on hangar I bought and will be placing at the county airport. Any recommendations on an insurance company to get this coverage?

Re: Hangar Insurance

PostPosted: Fri Mar 05, 2021 12:33 am
by lowNslow
Are you sure they want separate insurance for your hangar? Most airports want proof of insurance for your aircraft with one million liability coverage.

Re: Hangar Insurance

PostPosted: Fri Mar 05, 2021 12:49 am
by DaveF
I have hangar liability insurance as an add-on to my aircraft policy with Avemco. It’s not very expensive, maybe $300 a year. That’s cheap compared to the several thousand a year I was quoted as a standalone policy with a different insurer.

Re: Hangar Insurance

PostPosted: Sat Mar 06, 2021 3:19 am
by n2582d
lowNslow wrote:Are you sure they want separate insurance for your hangar? Most airports want proof of insurance for your aircraft with one million liability coverage.
Karl,
The 170 project is in my shop at home so the hangar will be empty unless I rent it out. Even though my plane isn't ready to go to the airport I couldn't pass up buying this Port-A-Port as I got a very good deal on it and purchasing it now allowed me to bypass the long waiting list for a rental hangar at the local airport.
DaveF wrote:I have hangar liability insurance as an add-on to my aircraft policy with Avemco. It’s not very expensive, maybe $300 a year. That’s cheap compared to the several thousand a year I was quoted as a standalone policy with a different insurer.
Dave, I ran across FAQ #5 on this Avemco website. It says the minimum annual premium is $985. I ended up going with Falcon Aviation Insurance. They have discounts for EAA members and they also have a policy specifically for Port-A-Port hangars. Maybe that's because they seem to be indestructible as Richard's recent post indicates. You can find Falcon's application here. $322/year.

Re: Hangar Insurance

PostPosted: Sat Mar 06, 2021 10:15 pm
by DaveF
The city only requires liability insurance so that's all I have.