Powered Parachute Insurance
Powered Parachute Insurance is as unique as the unit itself. Selecting the right insurance program can often be a time consuming
and confusing process, unless you turn to the Morrow Insurance Agency, Inc. for the solution.
All insurance policies are NOT created equal. To determine your best insurance options, we work closely with you to analyze your situation and identify
your specific insurance needs.
You can choose to insure your Powered Parachute in one of three ways:
Class
A: Direct
Physical Loss INCLUDING in-Flight
This coverage insures against direct loss or damage by all covered
risks of direct physical loss or damage to the covered unit except as specifically excluded in the insurance contract.
Class B: Direct Physical Loss EXCLUDING
Flight
This coverage insures against direct loss or damage by all covered risks
of direct physical loss or damage except as specifically excluded and only covering the covered unit while in direct
contact with the ground. Loss by striking another object while in flight is also
excluded.
Class C: Storage Only
This
coverage insures against direct physical loss or damage except as specifically excluded and only while the covered unit is
in a locked storage facility at a described location
above coverages are subject to the Terms and Conditions
as described in the actual insurance contract
The amount of the insurance
must equal 100% of the value of the unit
Liability Coverage:
Commercial General
Liability is available on most models in the limit of $250,000. EXCLUDES
coverage for persons in the powered parachute – available ONLY in conjunction with purchase of physical damage coverage.
We are committed
to providing the BEST insurance coverage for your powered parachute. We have
a team of knowledgeable customer service representatives whose only job is to assist you.
So, if you ever have any questions, or need help filing a claim, just ask.