What is the definition of Aviation Insurance?

Aviation Insurance refers to the property insurance that commercial airlines hold on their airplanes. Aviation insurance protects against loss because of an aviation accident, as well as liability insurance for acts of negligence that caused harm and damage to property of the passengers and to others.

Aviation insurance covers the plane both when it is in the ground, and on the air.  The policy will look into the geographical area by which the planes are routed, as well as the individual pilots that pilot the plane.

Aviation insurance protects against:

1. damage and loss to the insured plane - the hull of the plane, as well as other parts (radios, Autopilots, instruments);
2. liability due to loss to negligence on the part of the insured and its representatives. This includes accidents due to negligent acts and bodily injury and property damage to passengers and other people.

• Businessowners Policy / BOP
• Competitive State Fund
• Excess and Surplus Lines
• Employer’s Liability
• Blanket Insurance