Aircraft Insurance
Description and purpose
Aircraft insurance policies are intended to protect aviation operators (airlines, aircraft owners, cargo transport companies, or individuals) against financial losses caused by damage, accidents, or other unforeseen events. These policies are similar to comprehensive car insurance but are tailored to the specifics and complexities of the aviation industry.
Aircraft insurance policies are intended to protect aviation operators (airlines, aircraft owners, cargo transport companies, or individuals) against financial losses caused by damage, accidents, or other unforeseen events. These policies are similar to comprehensive car insurance but are tailored to the specifics and complexities of the aviation industry.
Target audience
Airlines, aircraft operators, air transport companies, and aircraft owners.
Airlines, aircraft operators, air transport companies, and aircraft owners.
Coverage and risks
Covers a wide range of risks, including:
Covers a wide range of risks, including:
- Accidents and damage – protects the aircraft against damage caused by collisions, technical defects, and flight incidents.
- Natural factors – damage caused by natural events such as storms, hail, lightning, birds, and other aerial hazards.
- Acts of vandalism, theft, and sabotage – coverage against damages caused by acts of sabotage, vandalism, or theft.
Types and options
- Commercial aircraft insurance: protects aircraft used for passenger and cargo transportation.
- Private aircraft insurance: protects aircraft owned by individuals or companies for personal or corporate use.
- Commercial aircraft insurance: protects aircraft used for passenger and cargo transportation.
- Private aircraft insurance: protects aircraft owned by individuals or companies for personal or corporate use.
Benefits
Financial protection against aviation-specific risks, coverage for high repair costs, and mitigation of the financial impact of incidents.
Financial protection against aviation-specific risks, coverage for high repair costs, and mitigation of the financial impact of incidents.
