Posts Tagged ‘aircraft insurance medical’

What you need to know about the new FAA medical rule and your aircraft insurance

Tuesday, January 10th, 2017

healthcareToday, the FAA issued the final rule reforming pilot medical requirements. This changes aims to be a practical way to allow more pilots to participate within the aviation industry. Going into effect May 1st, the new regulation entitled BasicMed requires a pilot to participate in an online medical course and complete a physical exam every four years. Per the FAA, additional pilot requirements include:

  • Possess a U.S. driver’s license
  • Have held a medical that was valid at any time after July 15, 2006.
  • Is under the care and treatment of a physician for certain conditions
  • Make certain health attestations and agree to a National Driver Register check
  • Flight not operated for compensation or hire

Many pilots have asked us how this affects their aircraft insurance. Since requirements may vary from carrier to carrier it is important that you understand and follow the verbiage described within your policy. To date, some policies don’t mention a medical requirement where others use the terminology “when required” and “if required”. It is your duty as pilot and insured to thoroughly read your policy and call your aviation insurance agent with any questions.

Time will tell the impact BasicMed will have on the aviation industry, and Aviation Insurance Resources (AIR) will be here to serve you. To discuss your aircraft insurance and medical requirements call 301-682-6200 or request a quote online today!