What Insurance is an Aircraft Owner Required to have in Oklahoma?

Aviation Insurance in Oklahoma

The Hershewe Law Firm, P.C., is concerned about insurance coverage for private and commercial aircraft based in Oklahoma. Private and small commercial aircraft are enjoyable means of transportation and efficient business tools. But because the operational costs (hangar requirements, maintenance, fuel, pilot training, and so on) can be substantial, many owners look for ways to recover these costs. Our aviation attorneys warn Oklahoma owners not to skimp on insurance coverage and not to use their aircraft in ways that would make insurance coverage insufficient or void.

Most aircraft used for pleasure and business purposes are operated under FAA regulations for private planes that prohibit charging for transportation, other than for the recovery of specific, limited costs directly related to a certain flight. If charges are made to passengers, an aircraft must be operated under FAA regulations for commercial air carriers.

These commercial regulations require increased maintenance and inspection activity, restrict operation of the aircraft into certain types of airports and even specify crew training and duty time limitations. The cost of aircraft insurance for commercial aircraft can be significantly higher as well.

If an aircraft operator is found to be in violation of FAA or Oklahoma regulations regarding use of the aircraft, the FAA has the right to restrict the use of the aircraft, penalize the pilots and impose significant monetary penalties against the owner and/or operator. In addition, violation of the FAA regulations could negate any insurance coverage on the aircraft. In short, by trying to defray the cost of using an aircraft, owners may expose themselves to greater risk than they are immediately aware.

The Hershewe aviation consultants urge aircraft owners to develop risk management strategies with an experienced aviation lawyer. Quantifying exposure and determining accurate aviation insurance coverage for aircraft and aircraft operation are essential tasks for any owner. Given the complexities of aviation law, owners really need assistance from a qualified legal professional.

Exploring the use, operation, and cost of an aircraft in a proactive manner can ensure continuous and adequate insurance protection for the use of an effective and valuable asset. Protect your investment.

Contact The Hershewe Law Firm, P.C., toll-free at 877-382-9734 or fill out our web form, to receive accurate legal counsel about your aircraft insurance requirements and needs in Oklahoma.