Aviation Insurance

Coverage for aircraft hull, passengers, and third party liability for airlines and general aviation.

Overview

Policies combine hull, agreed value settlement on the airframe, and liability, written as combined single limits for airlines and owner policies for private flying. Hull rates price by insured value, pilot experience, and use. Aviation liability responds to bodily injury and property damage from accidents, and airlines buy layers running into the billions shared among global insurers and reinsurers. Products liability for manufacturers, hangarkeepers coverage for ground handlers, and airport liability round out the market. War and hijacking perils sit in separate clauses with grab conditions letting insurers cancel quickly on notice, a lesson from Gulf conflicts. Capacity shrank and repriced after 2001, leading to temporary government backstops in Europe and the United States.