High-value umbrella insurance can help you when it is time to take your private jet up for a flight. Even though flying in a private aircraft is exceptionally safe, mishaps still occur. Suppose a judge finds you liable for the personal injuries of your passengers or crew. In that case, you may end up paying one million dollars or more, which exceeds most policies’ liability limit. High-value umbrella insurance is the way to fill the gap in your existing insurance to stay safe financially.
Protect Everyone With High-Value Umbrella Coverage
A personal jet can safely transport up to 20 passengers. Besides your family and associates, other people on board include staff such as flight attendants, personal assistants, and bodyguards. In addition, the Federal Aviation Administration requires two pilots per flight on the following types of private aircraft:
- Bombardier Aircraft
- Cessna Citation 10
- Embraer Legacy 500 and 600
You are responsible for all these people if something goes wrong in the air, when landing, or even on the ground before take-off. With this many people depending on you, it is crucial to ensure you have the proper insurance to deal with any situation. Otherwise, a cascade of lawsuits may devastate you financially.
One feature that makes small planes safe to fly in is their ability to soar at altitudes 10,000 or more feet higher than commercial jets. Flying higher means less potential for collisions with other aircraft. It also gives a pilot the option to detour around bad weather.
Despite their safety record, private planes do sometimes crash. Turbulence in the air can even damage a plane or injure passengers. Private jet coverage is essential to ensure you don’t have to pay out of pocket for damages, and high-value umbrella coverage ensures that you don’t go bankrupt due to personal liability if someone becomes injured.
Avoid Commercial Airports
Trying to hail a taxi or book a rental car at a commercial airport is a nightmare. When you are carrying valuable luggage, the process becomes even more dangerous. By flying privately, you avoid the congestion of vehicles-for-hire parked outside. It makes for a safer trip to your ultimate destination.
Not having airport terminal workers throw your luggage around is a benefit to flying solo. However, when you transport other people, you become liable for the safety of their belongings. If someone is transporting valuable items such as jewelry or electronic equipment, you must feel confident in your insurance’s ability to guard against loss.
Protect Your Finances With High-Value Umbrella Insurance
Nothing beats the convenience, privacy, and safety of a private jet. Once you have traveled this way, there is simply no going back to using commercial airlines. After deciding to invest in your own personal aircraft, you should place additional insurance coverage at the top of your list to purchase next.
Having high-value umbrella protection in your insurance portfolio is something to be proud of. It will make your passengers more at ease and can serve as a selling point that will help you attract the most talented staff to work on your plane.
About Provident Protection Plus
For more than 65 years, Provident Protection Plus has served the businesses and residents across several states nationwide. Today, we are a wholly-owned subsidiary of Provident Bank, the region’s premier banking institution. To learn more about our coverage options, contact our specialists today at (888) 990-0526.