CoolFly Secures Comprehensive Insurance Coverage for Manned Aircraft Operations, Both Domestically and Internationally

CoolFly Secures Comprehensive Insurance Coverage for Manned Aircraft Operations, Both Domestically and Internationally

Hangzhou, China — CoolFly (Zhejiang) Aircraft Technology Co., Ltd. today announced that its manned personal aircraft are now covered under a comprehensive insurance framework spanning both the Chinese domestic market and international operations, marking a significant milestone in the company's path toward commercial-scale deployment.

 

A Two-Part Insurance Structure

CoolFly's coverage is built around two distinct policies, each designed for the regulatory and operational realities of a different market.

 

Domestic coverage (China):CoolFly has secured a comprehensive policy under the Low-Altitude Economy New-Type Application Category Unmanned Piloted Aircraft Comprehensive Insurance, issued by PICC Property and Casualty Company Limited, China's largest insurer, founded in 1949 with licensed operations across every category of insurance and 100% nationwide coverage. The policy does not require pre-registration of a fixed list of individual pilots, passengers, or operating locations. With limited exceptions for certain venue types, coverage follows the aircraft itself — any authorized individual operating or riding the aircraft during normal use is covered under the policy.

 

International coverage:Outside of China, CoolFly's aircraft are protected under a Product Liability Insurance policy, also issued by PICC, with territorial coverage extending worldwide, including the United States and Canada. This policy is structured around hull coverage paired with product liability protection. There is no user weight restriction under this policy. Coverage is triggered whenever an incident results from a product quality issue, placing the underwriting emphasis on the engineering and manufacturing process itself rather than on operator-specific risk factors.

 

Both policies operate on an annual basis, renewing each year as CoolFly continues to accumulate flight data and operational history.

 

Why This Milestone Matters

Insuring a new category of aircraft is widely recognized across the aviation industry as one of the more difficult steps on the path to commercialization. Insurance underwriters that work with electric vertical takeoff and landing (eVTOL) aircraft have publicly described the challenge of pricing risk for a technology that lacks the decades of claims history available for conventional aircraft. Without that history, underwriters must rely on close collaboration with manufacturers, scenario-based analysis, and engineering documentation to assess risk.

 

Within China specifically, industry analysis has noted that insurers in the low-altitude economy sector have generally gravitated toward risks that are easier to quantify — such as agricultural or logistics drones — while remaining more cautious toward manned aircraft, complex airspace operations, and large-scale passenger use. CoolFly's manned aircraft fall directly into the category that has historically required the most underwriting scrutiny.

 

"Securing this coverage required more than paperwork," said a CoolFly spokesperson. "It required PICC's underwriting team to evaluate our flight control architecture, our safety redundancy systems, and our manufacturing process in detail. The structure of the policy — particularly the fact that it does not require a fixed list of named operators — reflects a level of confidence in the aircraft's engineering that we believe is significant for the industry, not just for CoolFly."

 

Part of a Broader Pattern

This insurance milestone follows a series of recent developments for CoolFly, including the completion of more than 1,000 manned test flights, a flight performance at the 2026 CCTV Spring Festival Gala, and the company's participation in UASE 2026 in Shenzhen. Together, these milestones reflect the broader infrastructure — technical, regulatory, and financial — that must be built before personal aviation can move from prototype to everyday product.

 

CoolFly will continue to share updates on its insurance coverage, regulatory progress, and production timeline as the company moves toward its upcoming product launch event.