Avemco Offers New Coverage For CFIs, Fine-Funes LSA Plans

Gemini Sparkle

Key Takeaways:

  • Avemco is offering new customized liability coverage to remove insurance cost barriers for experienced owner-pilots who are CFIs, encouraging them to occasionally teach and address a shortage of general aviation instructors.
  • Avemco is analyzing light sport aircraft (LSA) insurance data to identify specific training needs, like low-speed directional control, and expects this analysis to lead to the creation of distinct LSA insurance categories.
  • The company is actively supporting various initiatives to promote general aviation safety and growth, including the FAA Wings program, Build A Plane, and a pilot safety research project at the University of Illinois.
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General aviation needs more good instructors, Avemco President Jim Lauerman said on Friday at Sun ‘n Fun, but insurance costs have been a barrier for many experienced owner/pilots who have earned a CFI ticket and might like to teach on an occasional basis. Now Avemco is offering customized liability coverage that will make it possible for those CFIs to take on students, Lauerman said. He also said that Avemco is analyzing data from its light sport aicraft coverage, and is passing on information to the LSA community to help improve training. “We’ve found that the light wing-loading of LSAs requires a greater emphasis on low-speed directional control,” he said. Once the data analysis is complete, a few months from now, he expects it will lead to differentiation in the LSA insurance market. “We’ve been lumping them all together,” Lauerman said, “but will end up with probably three different categories of LSA.”

Lauerman also announced that Avemco will lend support to the FAA Wings program to promote safer piloting, and to Build A Plane, to help get young people excited about GA and keep the community growing. The company also is supporting a research project at the University of Illinois that aims to find better ways to educate pilots about safety and airmanship. Cirrus Design is also involved in that program.

Related Content:
Jim Lauerman goes into specifics about the new policy category for CFIs who fly their own airplanes (audio podcast)

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