Aircraft insurance, also called aviation insurance, can be purchased for a number of different types of aircraft, including standard, experimental, and vintage aircraft, as well as seaplanes. Businesses that elect to use private aircraft in their operations must purchase aircraft insurance to cover their aircraft liability loss exposure. Aircraft insurance is necessary because claims or suits that arise out of the ownership, maintenance, or use of aircraft are generally excluded under the standard commercial general liability forms.
Aviation Accident Insurance
Aviation accident insurance covers injuries sustained by pilots as well as travelers, with the type of coverage typically accidental death and dismemberment (AD&D). You may need aviation accident insurance because many accident and life policies exclude injuries sustained while aboard a small aircraft if it is deemed to not be part of a regularly scheduled airline. Companies commonly purchase aviation accident insurance to cover employees who travel for business.