Covers the liability arising out of the ownership or maintenance of premises, normally a hangar located at either a municipal or private airport.
Insurance coverage for your leased or rented space (premises liability) has been around for a long while. Most hangar/tie-down agreements require anyone owning, leasing, or operating on an airport to carry liability insurance for the tenant's negligence. These agreements/contracts refer to coverages such as general liability, public liability, premises liability, and owners-landlords- tenants liability. Although there are some slight differences between the various forms of liability insurance, they are usually referring to the same basic type of coverage.