Aviation insurance, often called aircraft insurance, provides liability and property coverage. It can be purchased for a number of different types of aircraft, including standard, experimental, and vintage aircraft, as well as seaplanes. More comprehensive coverage may also include damage caused to airports, hangars, and other relevant land-based property. The policy may also provide coverage for the personal items of passengers, as well as liability indemnification for the hangar that the aircraft is stored in. Insurance policies may provide for injuries sustained while operating the aircraft, the cost of emergency landings, as well as the costs associated with search and rescue operations.
Aviation Accident Insurance
Most pilots or airlines/operators will also carry aviation accident insurance to cover injury or death. Aviation Accident Insurance provides coverage for injuries resulting from an aircraft accident. This insurance covers injuries sustained by pilots as well as travelers, with the type of coverage typically accidental death and dismemberment (AD&D). Because the demand for aviation accident insurance is less than the demand for many other types of insurance, such as general liability or life insurance, the number of insurance companies offering this type of policy is relatively small.