as low as $115 per year. It is well worth the cost to cover yourself against potential suits as well as to remain within the law1.
The COPA VIP Bronze Plan insurance provides Public Liability and Property Damage Coverage (Third Party Liability), Passenger Liability Insurance and Non Owned In-Motion Hull coverage for pilots who borrow or rent aircraft. Any COPA member who is qualified to fly the aircraft can purchase coverage under this group plan. Coverage can be purchased immediately online at VIP Bronze. For more information, have a look at the COPA VIP Aviation Insurance or call 1-855-VIP-COPA.
The COPA VIP Silver Plan provides Public Liability and Property Damage Coverage (Third Party Liability), Passenger Liability Insurance and Not-In-Motion Hull coverage for certified aircraft. Any COPA member who owns an aircraft can purchase coverage under this group plan. Any COPA member who owns an aircraft can purchase coverage under this group plan. Up to 4 pilots may be added to your VIP Silver Policy at no additional charge as long as they are COPA Members. Coverage can be purchased immediately online at VIP Silver. For more information, have a look at the COPA VIP Aviation Insurance or call 1-855-VIP-COPA.
For owners who want to apply for complete coverage, including in-motion hull coverage, COPA has the VIP Gold Plan. Coverage is not automatic, as the underwriter will assess such items as pilot experience, time on type, age, accident record, currency, aircraft performance and several more factors in determining whether they can provide coverage and at what price. Consult the COPA VIP Gold Insurance Plan form for a Request for Quote or call 1-855-VIP-COPA.
Helicopters are currently working with some severe insurance restrictions in Canada. Very few underwriters are willing to provide any insurance for student helicopter pilots to fly solo, except under the auspices of a certified helicopter school. Insurance is available for helicopter schools to teach helicopter students, but you will have challenges earning your licence on your own helicopter. This will greatly increase the cost of obtaining the Private Pilot Licence – Helicopter required to fly your own helicopter. Make sure that you investigate the costs before you commit to buying a helicopter.
Taxes (At Registration And Importation)
Taxes are a reality in Canada and are mostly unavoidable. The best you can usually do is to avoid having to pay the same tax twice.
1 COPA is not an Insurance Advisor and are only stating a fact. We are not recommending that you purchase the minimum liability limit available as it may be inadequate. Please consult Magnes or your own Insurance Broker for proper advice on what liability limit you should carry.
COPA Guide to Certified Aircraft 21