After launching the SkyWatch renter’s insurance program last year, the company is now making its online insurance available to aircraft owners. SkyWatch is supported by underwriter Global Aerospace and enables renters and owners to obtain insurance directly, with no middleman involvement.
Insurance quotes are also available from SkyWatch for aircraft buyers who need to find out how much coverage will cost, according to marketing manager Elad Shalev. “With the tail number, airport code, and proper hours/certifications/ratings to fly the make and model, you will receive an immediate quote even without owning the aircraft,” he told AIN.
SkyWatch also offers drone insurance and is part of a family of products “powered by Voom,” an insurance technology company that insures motorcycles and soon cars on a per-mile basis. SkyWatch is licensed as an insurance broker in the 50 U.S. states and in Canada.
“We believe it is time for the next generation of aviation insurance—faster, easier, and more customized to the needs of pilots,” said SkyWatch co-founder and CEO Tomer Kashi. “Our innovative approach is built on a foundation of data-driven technology and a deep understanding of the unique needs of pilots.”