When I am selling an aircraft covered on the Aircraft Trader policy is the pilot taking a demo flight covered?
No. The Aircraft Trader policy is written to provide protection to you as the policyholder and seller of the aircraft. If you are the pilot of a demo flight and there is a covered accident the policy will protect you as the policyholder. If any other pilot is operating the aircraft and they meet the pilot warranty they are an approved pilot and the policy will protect you in the event of a covered accident. The policy does not insure the other pilot for their liabilities when operating your aircraft. They should have their own non-owned aircraft policy (click here for non-owned aircraft insurance rates and options) to protect themselves in the event they are liable for the loss or accident.
