Aviation

Aviation insurance covers a wide range of risks associated with aircraft operations, including damage to the aircraft, liability for injuries or damage caused by the aircraft, and loss of revenue due to grounded planes. Aviation insurance is crucial for protecting the financial interests of both aircraft owners and operators, as well as passengers and third parties who may be affected by aviation accidents.

Aviation insurance coverage typically
includes the following types of protection:

Hull Coverage: This provides coverage for physical damage to the aircraft itself, including damage from accidents, fire, theft, and vandalism.

Liability Coverage: This protects against legal liabilities arising from bodily injury or property damage caused by the aircraft.

Passenger Liability Coverage: Provides coverage for bodily injury or death of passengers carried on the aircraft.

Medical Coverage: Covers medical expenses for crew members or passengers injured while aboard the aircraft.

Cargo Coverage: Protects against damage or loss of cargo carried on the aircraft.

Hangarkeepers Liability: Covers liabilities for damage to aircraft stored in a hangar.

Non-Owned Aircraft Liability: Provides coverage for liability arising from the use of aircraft not owned by the insured.

Ground Risk Hull Insurance: Covers physical damage to the aircraft while it is on the ground.

To obtain aviation insurance coverage,
underwriters typically require the following information:

• Details of the aircraft, including make, model, year, and value.
• Pilot qualifications and experience.
• Purpose of use (private, commercial, pleasure, etc.).
• Operating routes and frequency of flying.
• Previous insurance history and claims experience.
• Safety measures in place, such as maintenance procedures and pilot training programs.
• Financial information of the insured party.
• Any additional risks associated with the aircraft or operations.