Figure 1-2  at the end of this chapter is a sample FAA Change of Address Notification you can use to inform AFS-750. Aircraft registration is addressed in more detail in chapter 4. 

## 14 CFr 

14 CFR includes rules prescribed by the FAA gover- ning all aviation activities in the United States. A wide variety of activities are regulated, such as airplane design, typical airline flights, pilot training activities, hot-air ballooning, and even model rocket launches. The rules are designed to promote safe aviation while protecting pilots, passengers, and the general public from unnecessary risk. 

As an aircraft owner, you are responsible for compli- ance and familiarity with the applicable 14 CFR part(s) concerning the operation and maintenance of your aircraft. While the regulations cited below are not exhaustive, they are a starting point as you consider aircraft ownership. It is essential that you remember that you are responsible for complying with all 14 CFR parts applicable to your aircraft and aircraft operations. 

•  As an aircraft owner, you should be familiar with the provisions of 14 CFR Part 43, Maintenance, Preventive Maintenance, Rebuilding, and Altera- tion, and 14 CFR Part 91, General Operating and Flight Rules. 

• If you are also a pilot, you should be familiar with the provisions of 14 CFR Part 61, Certification: Pilots, Flight Instructors, and Ground Instructors, and 14 CFR Part 67, Medical Standards and Certification. 

Questions regarding 14 CFR can be addressed to your local Flight Standards District Office (FSDO). Information about obtaining copies of 14 CFR parts and FAA publications can be found in chapter 11. 

## logbooks 

Each aircraft has a unique set of logbooks that document historical data dating back to the manu- facturing date of the aircraft. As an aircraft owner, you have a regulatory obligation to ensure that your logbooks are complete and kept up to date. 

Aircraft logbooks enable the aircraft owner to keep records of the entire aircraft in chronological order including: inspections, tests, repairs, alterations, Airworthiness Directive (AD) compliance, service bulletins, and equipment additions, removals, or 

exchanges. Most logbooks also include sections for major alterations and altimeter/static system checks. Anyone performing maintenance on your aircraft will need complete aircraft logbooks to review the aircraft’s compliance history before performing main- tenance on your aircraft. Information about aircraft maintenance and aircraft maintenance records can be found in chapters 7 and 8, respectively. 

## $^{ }$Aircraft insurance 

Aircraft insurance is an important consideration for any aircraft owner. The type(s) and amount of insurance you should carry on your aircraft are influenced by several factors, and you should discuss these decisions with an insurance agent familiar with providing aviation insurance policies. Depending on the usage of your aircraft and who might be flying the aircraft, you may need Owners, Renters and/or Certified Flight Instructor (CFI) insurance policies for your aircraft. Responsible aircraft owners always carry sufficient insurance on their aircraft. 

m  CAUTION: You should ensure that you are in compliance with any state insurance requirements relating to aircraft ownership. 

## reporting Aircraft Accidents/incidents 

Aircraft owners are responsible for complying with Title 49 of the Code of Federal Regulations (49 CFR) part 830 regarding the reporting of air- craft accidents and incidents. You are required to notify the National Transportation Safety Board (NTSB) immediately of aviation accidents and certain incidents. 

## Accident 

An accident is defined in 49 CFR part 830 as “an occurrence associated with the operation of an aircraft that takes place between the time any person boards the aircraft with the intention of flight and all such persons have disembarked, and in which any person suffers death or serious injury, or in which the aircraft receives substantial damage.” 

## Incident 

An incident is defined in 49 CFR part 830 as “an occurrence other than an accident that affects or could affect the safety of operations.” 

## Contacting the NTSB 

Contact the nearest NTSB regional office to file a report. Reports of accidents or incidents should be 

