Answer to Question #155679 in Management for Prabhdeep

Question #155679

Explain in detail features of Aviation insurance? ( please answer in 100 to 150 words)


1
Expert's answer
2021-01-22T03:57:30-0500

Aviation insurance provides coverage for airlines, aerospace, aircraft and other components of the aviation network.

In-flight coverage: It provides coverage against damages that could happen while the airplane is in motion.

Hull at risk: Coverage for small aircrafts used by VIPs or for agricultural purposes. It covers physical loss or damage to the aircraft.

Spare war risk: Protection of a plane and/or parts in case of loss or damage that may result from unprecedented vandalism as a result of malice like activities or war.

Loss of license: it is mandatory for aircraft crew to have valid licenses. In cases where the licenses are suspended due to illness or injury, they are covered against the resultant financial loss

Personal accident cover: it protects the crew against injury disablement or death resulting from an aircraft accident.

Spares all-risk insurance policy: It covers damage incurred to the equipment, supplies, spares, and tools supplies


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