Business Definition for: aircraft liability insurance
aircraft liability insurance
coverage for the insured in the event that the insured's negligent acts and/or omissions result in losses in connection with the use, ownership, or maintenance of aircraft. Liability coverage can be provided for bodily injury and/or property damage to passengers and also to individuals who are not passengers.
medical payments insurance
may be included on an optional basis.
See also
aviation insurance
Related Terms:
combination of property insurance on the hull of an airplane and liability insurance in the following manner.
- property coverage- provided on an all risksbasis or on a specified perils basis for the hull, autopilots, instruments, radios, and any other equipment in the airplane as described in the policy.
- liability coverage-provided in the event that the insured's negligent acts and/or omissions result in bodily injury and/or property damage to passengers and individuals who are not passengers.
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