Aircraft Insurance: Can I buy a policy even if I am not the aircraft owner?
Anyone who has an insurable interest in an aircraft can buy an aircraft insurance policy. An insurable interest means that you can demonstrate that you could suffer a loss, usually financial, in the event that the aircraft is lost or damaged.
Normally it is the owners of an aircraft who arrange cover as they have a clear insurable interest, whether they be an individual, a group or a flying school. However a non owner with an insurable interest can purchase a policy so long as the details of the owner are recorded in the policy record and displayed in the Policy Schedule.