Ford Partner Recognition

EAA's Ford X-Plan Partner Recognition Program is a special savings opportunity developed exclusively for EAA members. It offers you the ability to purchase or lease eligible vehicles at EAA member pricing.

Read More

EAA Sport Aviation

One of EAA’s most popular member benefits is EAA Sport Aviation, the award-winning monthly magazine that covers the full spectrum of association activity.

Read More

EAA Flight Advisors

EAA's Flight Advisors program is designed to increase sport aviation safety by developing a corps of volunteers who have demonstrated expertise in specific areas of flying and making them available to EAA members who may be preparing to fly an unfamiliar aircraft.

Read More

Individual Membership

Your Individual membership makes you a part of the passionate EAA Family and gives access to EAA-Exclusive benefits. Membership also gives you thousands of opportunities to go flying at local aviation events, participate at your local EAA chapter, and give youngsters their very first flight.

Read More

Benefits & Discounts

From benefits like EAA Insurance Solutions and EAA Finance Solutions to EAA Webinars and EAA Technical Counselors we have something for everyone with an interest in  aviation! 

Read More

ASTC Passport Program

EAA members can enjoy more than 300 museum and science centers worldwide free of charge, thanks to a partnership with the Association of Science-Technology Centers and its ASTC Travel Passport Program.

Read More

Warbirds of America

"Keep 'em Flying": That’s the motto - and the mission - of EAA Warbirds of America, the EAA division that provides programs and services to those interested specifically in former military aircraft.

Read More

Take a Free EAA Eagle Flight®

Take to the skies with a free introductory flight and discover the next steps toward becoming a pilot.

Read More

Find a Flight Advisor

EAA Flight Advisors can help you find the right path to get you flying efficiently and, most importantly, safely.

Read More

Next Steps After Plane is Built

You've finally achieved your dream of building your own airplane. Here are some resources that will help you fly safely or sell your airplane.

Read More

Soaring Society of America

Formed in 1932, the Soaring Society of America (SSA) promotes all…

Read More

Getting Started

Register as an ultralight student or pilot and discover the types of ultralights you can have fun in!

Read More

Become a Sport Pilot

Affordable, achievable, and fun! Experience the freedom of flight as a sport pilot.

Read More

Join Warbirds

Warbirds of America membership connects you with other enthusiasts, restorers, and pilots.

Read More

Join VAA

VAA membership connects you with other enthusiasts, restorers, and pilots.

Read More

Join IAC

IAC membership connects you with other enthusiasts, builders, pilots, and competitors.

Read More

Connect With Aviators

Your local EAA chapter allows you to share your interest with thousands of other members in a variety of different events and activities, including fly-ins, picnics, workshops, Young Eagles rallies, and more.

Read More

Start a Chapter

All you need to start is enthusiasm, an interest in aviation, and the desire to share this interest with other people in your community.

Read More

Chapter Insurance Program

EAA’s Chapter General Liability Insurance Program protects chapters, their members, officers, directors, and volunteers from alleged negligence. Participation in this insurance program is mandatory for all chapters located in the United States and Canada. A policy limit of $1 million to $3 million is available.

Read More

Leadership Academy

Interactive workshop weekends in Oshkosh focused on topics important to chapter leaders.  

Read More

10 Flight For the Year Recognition

Each pilot who flies 10 or more Young Eagles during a calendar year will receive a custom lapel pin and will earn Young Eagles credits that can be used to help offset the cost of sending a young person to an EAA Air Academy session in Oshkosh or assist their local Young Eagles and youth outreach programs.

Read More

Calendar of Events

With more than 1,000 listings, EAA’s calendar of events is the most comprehensive listing of aviation activities found anywhere online.

Read More

AirVenture Schedule of Events

Fill up your itinerary and sort through thousands of forums, workshops, special events, and much more for EAA AirVenture Oshkosh.

Read More

Multiple Venues

With more than 1,600 acres and 26 venues to choose from, we are sure to show you a space that will make your vision come to life. Our unique atmosphere is sure to offer a one-of-a-kind experience for your guests.

Read More

Multiple Venues

With more than 1,600 acres and 26 venues to choose from, we are sure to show you a space that will make your vision come to life. Our unique atmosphere is sure to offer a one-of-a-kind experience for your guests.

Read More

Spirit of Aviation Mobile Experience

We promote a culture of education, safety, and camaraderie and provide you with opportunities to enjoy aviation, no matter what your level of interest.

Read More

EAA Sport Aviation

One of EAA’s most popular member benefits, the award-winning monthly magazine covers the full spectrum of association activity.

Read More

Learn the Secrets of Aircraft Building

These weekend workshops will launch you on the most rewarding adventure of your life - building or restoring your own airplane!

Read More

Scholarships

EAA’s scholarship program encourages, recognizes and supports excellence among those studying the technologies and the skills of aviation. These annual scholarships help outstanding students who demonstrate financial need to accomplish their goals.

Read More

Sporty's Learn to Fly Video Library

Just getting started on your aviation journey? Need a refresher? This online video series will provide clarity and understanding in dozens of topic areas

Read More

This Month's Wallpaper

Your computer takes flight each month when you download desktop wallpaper featuring unique aircraft and vivid imagery. Download your favorite today!

Read More

B-17 Tour Stops

Join us for an unforgettable experience aboard one of the few remaining airworthy B-17s in the world. You won’t want to miss Aluminum Overcast when it visits an airport near you!

Read More

Tri-Motor Tour Stops

Climb aboard one of the first mass-produced airliners and step back in time to aviation’s golden age. A flight on EAA’s Ford Tri-Motor is a flight back to an era where air travel was considered a luxury.

Read More

Visit Pioneer Airport

From May through October, Pioneer Airport gives visitors a unique “living history” re-creation of what airports were like during the early days of air travel. It brings back a time when the magic of flying astounded and charmed the whole world. 

Read More

Your Flight Experience

The biggest question on your mind might be, “So what should I expect on my flight?” Get a glimpse at what you’ll experience when you take your EAA Eagle FlightTM.

Read More

Your Flight Experience

The biggest question on your mind might be, “So what should I expect on my flight?” Get a glimpse at what you’ll experience when you take your Young Eagles® flight.

Read More

News Releases

Get all the official news surrounding EAA and its programs.

Read More

Paul Poberezny

Paul Poberezny came from humble beginnings, yet he emerged as one of the 20th century's greatest aviation leaders, creating a worldwide aviation organization and the world's largest annual fly-in event, EAA AirVenture in Oshkosh, Wisconsin.

Read More

Tribute Opportunities

Special places like the museum’s Founders Wing and other campus tribute areas like the Brown Arch, Compass Hill, and Memorial Wall combine to give wings to countless aviation dreams and accomplishments. Leave your legacy or that of your loved ones for all who visit Oshkosh to see.

Read More

Win a restored Piper J-3 Cub

Are you ready to keep NC35303’s history alive? If so, enter for your chance to win and be the one to carry on this Piper J-3C-65 Cub’s legacy.

Read More

Advertise in Sport Aviation

EAA Sport Aviation contains the broadest editorial content and coverage for recreational aviation today - introductions to new aircraft and innovations, the latest aviation products and services, hands-on and personal experience in the nuts and bolts of aircraft ownership, and so much more.

Read More

Why Exhibit?

AirVenture enables our commercial partners to have an unmatched forum to present their products and services to the most passionate aviation consumers.

Read More

Volunteer

Join us and be a part of this tradition of excellence, while helping us continue to provide high quality programs and services to our members and visitors.

Read More

Outreach Guidelines

EAA's Community Outreach Guidelines to help coordinate and maximize offerings by providing a defined approach to responding to requests for support of community events; developing a fair and easy process to identify, evaluate, and support efforts of the non-profit community; and developing a process that allows for tracking and quantifying impact.

Read More

Uninsured, Flying Naked

By Bob Mackey, EAA Insurance Solutions administered by Falcon Insurance Agency, Inc.

June 15, 2017 - One of the buzzwords in insurance is “naked.” The phrase “flying naked” means going without insurance. Insurance is an intangible bunch of legal mumbo-jumbo fashioned into a contract (insurance policy) that is difficult for most people to understand, which instills a low level of trust for most prospective users of insurance. Given that most people don’t think they will ever need insurance and most insurance companies will do anything and everything they can to avoid paying a claim, it is not hard to see why most people dislike insurance and insurance people.

From time to time I meet aircraft owners who say they do not buy aircraft insurance. I get it. It costs too much and there is a general doubt as to the real value of insurance. However, when deciding to fly without insurance there are a few things to consider. Is insurance required? What is covered and what isn’t covered? What are the costs versus benefits and risks versus rewards?

If you own a vehicle, you are aware the state where you live requires automobile owners to carry some level of liability insurance. All 50 states and the District of Columbia have what is referred to as a financial responsibility law, which requires each auto owner to have a limit level of liability insurance. These minimums are fairly low and these laws do not require the auto owner to carry physical damage insurance. Of course, if the auto is financed, the bank or other lending institution will require physical damage insurance.

What insurance coverage is required to fly an aircraft

Aircraft owners, however, are not universally required to maintain such insurance. For example, only 11 states (California, Connecticut, Hawaii, Indiana, Maryland, Massachusetts, Minnesota, North Dakota, Oregon, Rhode Island, or Virginia) require liability insurance (required limits and penalties for non-compliance vary). Of course, lending institutions that finance aviation loans will require both liability insurance and physical damage insurance. In addition, aircraft owners who have a hangar or tie-down rental agreement or lease will usually have a condition in the contract with the airport and/or hangar owner to maintain liability insurance and extend insurance to the airport and/or hangar owner for any bodily injury and property damage that results from the aircraft owner’s alleged negligence.

Even with such limited requirements, researchers estimate that between 80 percent and 90 percent of aircraft owners in the general aviation community purchase some level of aircraft lability insurance (U.S. Government Accountability Office, 2015). The GAO data also indicates the majority of aircraft owners in the GA community purchase $1,000,000 of liability insurance with $100,000 per passenger at a premium range of $250 to $550.

What insurance coverage is available

The primary two components of an aircraft insurance policy are: liability insurance and physical damage (hull) insurance. Liability insurance provides coverage up to an amount spelled out in the policy for the aircraft owner’s legal obligations for bodily injury and property damage. Hull insurance provides coverage up to an amount spelled out in the policy to repair, replace, or pay for damage or total loss of the insured aircraft. Physical damage insurance can be purchased with varying levels of risks to be covered: all risks; in motion or not in motion; not in flight; not in motion; and none. The more risks you choose to cover, the more the physical damage insurance will cost, and if an aircraft owner decides to only purchase liability insurance, typically, the price of this insurance will increase slightly. There is one other important insurance coverage included in an aircraft insurance policy: supplementary payments.” Supplementary payments is unlimited and separate from liability insurance and physical damage insurance. The most significant expenses that fall under supplementary payments are legal expenses, which can be significant.

Evaluating whether or not to buy insurance

There are two questions aircraft owners should consider when thinking about aircraft insurance: should I buy insurance at all, and if I buy aircraft insurance, what insurance should I buy? This is the value proposition: cost versus benefit and risk versus reward.

To facilitate our evaluation of whether or not to buy insurance, let’s look at a couple of examples for an aircraft insurance policy.

  • Aircraft: 2010 Van’s RV-6A ($60,000 value)
  • Pilot: age 50, private pilot with single-engine land rating, 500 total hours and 100 hours in RV-6A, no previous losses
  • Airport: public, runway 4,000 feet by 50 feet (asphalt)
    • Liability insurance ($1,000,000 with $100,000 per passenger): $250 ($325 if only liability insurance is purchased)
    • Physical damage insurance ($60,000):
      • All risks in motion and not in motion: $900
      • All risks not in flight: $550
      • All risks not in motion: $450
      • None: $0
      • Aircraft: 1985 Cessna 172P ($60,000 value)
      • Pilot: age 50, private pilot with single-engine land rating, 500 total hours and 100 hours in Cessna 172, no previous losses
      • Airport: public, runway 4,000 feet by 50 feet (Asphalt)
        • Liability insurance ($1,000,000 with $100,000 per passenger): $175 ($300 if only liability insurance is purchased)
        • Physical damage insurance ($60,000):
          • All risks in motion and not in motion: $600
          • All risks not in flight: $350
          • All risks not in motion: $300
          • None: $0

The cost and risk are easy to identify but not so easy to quantify. Cost is the money saved if no insurance or some insurance is purchased. Risk is a larger unknown amount of money for the loss of the aircraft and legal obligations for bodily and property damage. Benefit and reward are straightforward: money not spent on insurance.

There are three important steps aircraft owners should take when considering their options when buying aircraft insurance:

  1. Select one professional aviation insurance broker with an aviation insurance agency who is knowledgeable, reputable, and listens to you!
  2. Check out all of the insurance coverage options.
  3. Do your own risk analysis.

Aircraft owners can find professional aviation insurance brokers through the internet, word-of-mouth from other aircraft owners, and through their connections to aviation groups (i.e., EAA, local EAA chapter, aircraft type club, etc.).

Checking out all the options should be easy if you have the right aviation insurance broker working for you. Go back to the examples above!

The risk analysis is also easy:

  • Risk identification: What could happen?
  • Risk mitigation: How can I reduce the likelihood of something happening or reduce the severity of loss if something does happen?
  • Risk financing: Buy insurance with this list in mind:
    • Cost of insurance versus money saved
    • Risks (cost of uninsured loss) versus money saved

If you want to fly naked, that’s okay, just make sure you know what you are doing and the consequences if you have an incident!

EAA members have a great resource with EAA Insurance Solutions administered by Falcon Insurance Agency, Inc. where you will be able to find the right aircraft insurance at the best price. If you would like to learn more about how EAA Insurance Solutions administered by Falcon Insurance Agency, Inc. can help you get the right insurance at the best price, give us a call at 866-647-4EAA (4322) or go online at www.EAA.org/insurance. One of the aviation insurance experts will be happy to help you with your aviation insurance needs.

Bob Mackey is senior vice president with Falcon Insurance Agency, Inc. the official administrators of EAA Insurance Solutions. Bob has been involved in the aviation insurance industry for over 35 years and he is a commercial pilot with instrument ratings. If you have any comments about this article or if would like to see a specific aviation insurance topic addressed in a future article you may e-mail Bob at bmackey@falconinsurance.com.