Owning an aircraft hangar, whether it's for personal or business use, you are going to need insurance. Due to the typical large size of aircraft hangars, they are generally built using lightweight materials making them susceptible to damage from high winds. Depending on what you plan on storing in your hangar, different insurances would be recommended. For instance if you plan on storing fuel or tools/machinery in your hangar these two will require a different type of insurance.
In order to protect your hangar you will need what's called hangar structure insurance. This will make sure damage to your hangar from natural causes, like high winds, will be covered. If your hangar is to be used as a business from either maintenance or storage or planes you may want to consider business property insurance as this will cover tools and machinery used inside your hangar. As a business it is generally recommended to have general liability insurance which covers any third party injuries that may happen like falling on steps. If you have planned on storing any fuel or combustibles in your hangar you may want to consider pollution liability insurance incase of spills creating environmental damage.
Learn more about insurance for aircraft hangars by consulting with us or by obtaining a free online quote.