Aviation Insurance
What Does Aviation Insurance Mean?
Aviation insurance is a policy that provides property and liability coverage for aircraft. It covers losses resulting from aviation risks associated with the maintenance and use of aircraft, including property damage, loss of cargo, or injury to people. This type of insurance protects both aircraft owners and operators from unforeseen losses.
Aviation insurance is also referred to as aircraft insurance.
Insuranceopedia Explains Aviation Insurance
Many states require aircraft owners and operators to purchase coverage that provides third-party liability, which would cover either part or all of the medical expenses for individuals injured when the aircraft operator is found responsible for an accident. The premium charge depends on the type of aircraft being covered, such as experimental, standard, or vintage aircraft. Other expenses that aviation insurance may cover include the costs of search and rescue operations, personal injuries sustained while operating the aircraft, and expenses incurred due to emergency landings.
