aviation insurance Definition | Business Dictionaries from AllBusiness.com

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Business Definition for: aviation insurance

Dictionary of Insurance Terms

aviation insurance

combination of property insurance on the hull of an airplane and liability insurance in the following manner.

property coverage- provided on an all risks basis 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.

aircraft liability insurance

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