Aircraft Insurance
Hi All,
Please could anyone explain to me how insurance policies work for privately owned and business aircraft? Up until now, all of the flying I've has been in either flying school or club based aircraft where insurance policies are organised by those organisations and therefore, I've had very little involvement with it.
Essentially, I've been offered the use of a privately owned aircraft on a dry lease basis.Essentially the aircraft in question is owned by a private individual who rarely uses it for more than 5 hours per month and he's offered me the opportunity to use it for personal and business flying for around 15-20 hours per month. Basically, I'm unsure how insurance would work in this situation.
Does aircraft insurance cover all of those named on the policy in a similar way to car insurance does with named drivers or are blanket policies more common that cover anyone who is suitably licensed and experienced?
Can anyone advise me?
Thanks
TFS