SkyWatch Launches 1-Day Renter?s Insurance

The Pay-As-You-Go Model Comes to Aviation Aviation insurance company SkyWatch has launched their new usage-based insurance product for rented light aircraft, with insured durations of yearly, monthly, weekly, and even daily coverage. Offered with Global Aerospace, another insurance and risk management company, SkyWatch will offer insurance directly to pilots via select partners, while Global provides their underwriting and claims handling. The service is expected to offer coverage for as little as $5 a day, with coverage available in less than 90 seconds.

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