An insurance product that guarantees loss or damage to aircraft, machinery and/or various other equipment of the insured for which the insured is responsible for it. Can also provide the cost of rescuing the aircraft due to crash when landing or the cost of releasing part of the aircraft that have an accident and transportation costs, and guarantee legal liability to third party.
Types of aviation insurance :
- Insurance for aircraft frames in the from of loss of aircraft, damage or claim from third party.
Insurance for aircraft frames in the from of risk of war and the like for loss or damage to aircraft that aren’t guaranteed in an aircraft frame policy .
- Insurance that guarantees claims of third party legal liability for war risks.
- Insurance that guarantees risks arising claims from third party for losses by the insured as a result of operational refueling to the aircraft by the insured.
- Insurance that covers bodily injury and death rather crew including ground engineer caused by accident and compensation for losses arising from the cockpit, the crew cannot do the job properly.