|Renters & Borrowers, officially called Non-owned Aircraft Insurance, is important coverage if you rent or borrow airplanes.
The common misconception is if the airplane is insured, whoever flies it is covered no matter what.
In most cases that is not the case and you could have a nasty surprise if you are involved in a claim with some else’s plane.
Let’s use the following scenario to demonstrate the point.
You have a buddy who asks you to re-position his plane from one airport to another. You are familiar with his plane, having flown it previously, and you agree to make the VFR flight.
Total bill $100,000. WHO PAYS?
Simply put- YOU pay.
As PIC you are legally liability for Physical Damage &/or Bodily Injury as a result of your actions.