This insurance encompasses a range of potential losses, including:
- Hull risks:This covers damage or destruction of the aircraft itself, regardless of the cause.
- Passenger liability:The policy protects the insured from financial responsibility in case of passenger injury or death during a flight.
- Third-party liability:This covers property damage and bodily injury caused to individuals or property not on the aircraft during an incident.
Essentially, aviation insurance provides peace of mind by offering financial protection against various unfortunate circumstances that might arise during aircraft operations.
Extensions
Cover can be extended to provide additional coverage for losses arising from war, terrorism, and related events.