Renter’s insurance

Third Coast Aviation LLC (“TCA“) ensures that all of our students are safe and competent in the cockpit, but we also know that insurance is a great way to ensure the financial well being of our students in case of any problems.  We continually discuss insurance with our students as well as providers in the environment so that we know who to refer our students to.  This was a conversation between Tony Boulanger, our director of operations, and AOPA recently:

I just got off the phone with AOPA discussing insurance requirements for flight students, and here is the recommendation from the AOPA insurance representative [that I spoke with].

There are two parts to the insurance policy:

Required Coverage which handles claims from property damage and bodily harm not associated with the flight school.  The Renter’s insurance does not cover TCA, but the student against these claims. The decision of how much insurance the student gets, is a personal decision for this part:

  • $250,000/$25,000 (Each Occurrence/Passenger Sub-Limit) – $81/year
  • $500,000/$50,000 – $109/year
  • $500,000/$100,000 – $172/year
  • $1,000,000/$100,000 – $209/year

The second part is optional, but not for students renting the aircraft. This protects against claims for damage to non-owned aircraft, including loss of use, and $5,000 each occurrence of no-fault deductible coverage. This is insurance which TCA requires in order to ensure the deductible on the airplane is met, and that the loss of use is met. This Liability goes from $5,000 to $200,000 in coverage.  As such, TCA requires the $10,000 liability option provided by AOPA.

As such, a comprehensive renters’ insurance policy our students should get and maintain, is:

  • Body/Property – $250,000/$25,000 -$81/year
  • Liability – $10,000 -$166/year

For a total of $247 per year (Minimum coverage required)

AOPA is sending brochures and additional information to us.

Follow up

As a follow up to this, TCA has the brochures available to you when you visit one of our offices.

© 2017 by Third Coast Aviation LLC, all rights reserved.

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Robert Rhodes
Mr. Rhodes serves as CFO of TCA as well as Managing Member of Rhodes Holdings LLC.

Mr. Rhodes previously was CEO & President of Avant Diagnostics, Inc., formerly known as American Liberty Petroleum Corp., from December 2013 through March 2015; Chairman / CEO of Systems Evolution Inc., a software engineering and business analysis consultancy, from November 1993 through December 2006; Managing Member of American Equity Fund LLC which provided financing for micro-capitalization companies (June 2012 – January 2015), founder of KnJ Management LLC which provided IT staffing (January 2004 – January 2006), founder of ART Services, Inc. which provided property management services (December 2003 – February 2007), partner at Software Integration Consulting Group (July 1993 – November 1993), and held positions at BSG Alliance/IT Group (May 1991 – June 1993).

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