When owning and flying an airplane there are unavoidable risks involving the theft of or damage to the airplane itself. There is the risk of causing damage to property of others which may consist of homes, businesses, crops, automobiles, other aircraft, etc. There is also risk of causing bodily injury or fatalities to persons as a result of the movement or operation of the airplane. There is the risk of injury or death to passengers, and then, of course, the risk to ourselves.
Aviation insurance in all its various forms is designed to protect us from all of these risks except one (the risk to ourselves). Most policies include medical payment coverage which would reimburse the owner or pilot for medical expenses or the cost of burial in the event that he is either injured or killed. As a matter of fact your medical expense coverage also covers dental expense just in case someone happens to walk into a wing and knock out a tooth. Medical expense is a secondary insurance over the injured parties primary health insurance. It will cover co-payments, deductibles and such. If there is no primary medical insurance in place for the injured party it will be considered primary coverage. All pilots and aircraft owners should make certain that their regular life insurance policies do not include a statement which precludes payment in the event of death resulting from the operation of or flying in an aircraft that is not a commercial aircraft.