This is a reprint from the Ask the CFI discussion group. Insurance needs are discussed by Mark Kolber, a CFI and Attorney.
Both NAFI and AOPA have CFI insurance programs. I have the one through NAFI. The policy is essentially a standard non-owned aircraft policy with a rider covering flight instruction activities.
But in addition to carrying your own insurance, you should absolutely insist on your student having you added as a named insured on her policy. The two things you are looking for are:
You may have heard or been told about “open pilot” coverage in a policy. This is not the same thing. An open pilot provision simple means that so long as the non-owner pilot meets the criteria, the insurance company will cover an accident. BUT, if there is an accident and the insurance company pays out, the insurance company can still sue the “open pilot” to get the money back. This is called “subrogation.”
When it places you on the policy as a “named insured” this will typically be accompanied by the insurance company giving up its right to sue you.
Insurance contracts are typically harder to understand than the FAR about logging vs acting as PIC %-]. If you call AOPA or the NAFI contact about having your own coverage, make sure you tell them the situation and ask them specifically what you should be looking for from your student’s insurance company.
Disclaimer: This message is not legal advice. It only provides general information about an issue that is commonly encountered. Legal advice depends on the facts and circumstances of a specific situation and no one should apply a general summary from a forum, newsgroup or web site to their own situation.
All of the options listed below assume that your CFI certificate has not expired. If your CFI certificate has expired the only way to get it back is take the practical test over again.
The Reference is FAR 61.197
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