Aviation insurance typically covers a range of risks associated with aircraft operations.
Aviation insurance policies are highly specialized and can be customized based on the specific needs of aircraft operators, owners, and other stakeholders in the aviation industry.
Here are some common aspects that aviation insurance policies cover:
This coverage is for physical damage to the aircraft. “All risks” generally means it covers a wide range of perils unless specifically excluded.
This covers spare parts and equipment for aircraft maintenance and operation.
Covers bodily injury to third parties (not passengers) due to the operation of the aircraft.
Covers legal liabilities for loss or damage to cargo or mail carried on the aircraft.
Covers legal liabilities for bodily injury or death to passengers carried on the aircraft.
Covers loss or damage to passengers' baggage and personal belongings during the flight.