The Light Aviation Division (LAD) of insurance company Chartis will now waive the applicable in-motion deductible (up to a maximum of $1,000) on insurance policies for damage to aircraft resulting from an emergency in-flight deployment of a recovery parachute.
“In the interest of aviation safety, we want to eliminate any chance that a pilot might hesitate in deploying the recovery parachute in an emergency because of insurance or financial implications,” said Greg Sterling, vice president and division manager.
Prior to this deductible waiver, aircraft owners who deployed the parachute system were responsible for 100% of their deductible. This new waiver applies to all general aviation aircraft equipped with an aircraft recovery parachute system, including Cirrus SR20 and SR22 aircraft.
“We applaud Chartis for its innovative thinking and for its recognition of the importance of this critical safety feature,” said Dale Klapmeier, Cirrus co-founder. “We engineered the Cirrus Airframe Parachute System (CAPS) into our aircraft from the very beginning. With more than 3.1 million total hours to date on the worldwide Cirrus Aircraft fleet of more than 4,500 aircraft, 18 CAPS deployments resulting in 35 lives saved speaks volumes about its importance.”
For more information: 800-523-5266 or ChartisInsurance.com.