Aviation Law Aircraft Insurance.docx

X yes no liability coverage policy limits complete

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Does broker have authority to bind coverage? _ x _ Yes ___ No Liability Coverage Policy limits (complete all that apply) Single limit $ N/A Per passenger limit $ 100,000 Per occurrence limit $ 1,000,000
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Hull coverage Risks covered (check one) __ x _ All risks ___ All risks not in flight ___ All risks not in motion ___ All risks, rotors in motion ___ All risks, rotors not in motion Method or valuation for total loss (check one) _ x __ Stated value: $ 25,000 ___ Current market value (“blue book”) Loss payee (check one) _ x __ Registered owner ___ Lienholder (name): Breach of warranty (lienholder‘s interest) endorsement required? (Check one) ___ Yes, in favor of (name of lienholder) __ X _ No Exclusions FAR violation exclusion (check one) _ X __ No ___ Yes War, Hi-jacking and other perils _ X __ No ___ Yes Other (describe): War risk insurance desired? ___ Yes _ X __ No The amount paid to an insurer is $498 per annual year. A good thing I see from this insurance is, its can inquire further or to bind coverage. And, bad thing I can see is that insurance does not have coverage for any of FAR violation exclusion, War, Hi-jacking and other perils, or War risk insurance desired.
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  • Fall '18
  • vandoren
  • good thing

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