Aviation insurance is a type of assurance specifically for the operation of aircraft and aviation-related risks. Aviation insurance policies are distinctly different from policies for other means of transportation and include aviation insurance-specific terminology, limits, and conditions as well as aviation terminology.
Airframe Fuselage Insurance
Airplanes are the most important aircraft used for passenger and cargo transportation. Although airplanes are considered the safest means of transportation, small problems can lead to serious disasters if not neglected. With the airframe fuselage insurance, the owner, the lessee or the person who owns the aircraft in any way ensures quickly fixation in case of possible malfunctions of the aircraft. Unlike all other means of transportation, the chances of survival after a plane crash are very low. Therefore, even the smallest problems should be fixed as soon as possible. Any kind of problems may be seen in the fuselage as well as interior of the fuselage. Insurance regulations cover problems resulting during the flight and on the ground situations.
Airframe Fuselage War and Terrorism Insurance
Airframe, war and allied hazards aviation insurance is a type of insurance that covers damage to aircraft and their components due to war and additional coverage. It aims to protect the aircraft owner or the operator against financial losses in case the aircraft is damaged or destroyed as a result of a war. It covers the value of the aircraft and its components in case of total loss or damage.
Additional and coverages may include:
• War actions,
• Civil war,
• Strikes, riots,
• Civil unrest.
They are often purchased by aircraft owners, airlines, and other types of businesses that operate aircraft in high-risk areas or in times of war.
Aviation Third Party Financial Liability Insurance
Aviation third party financial liability insurance is a type of insurance that covers legal liability of the third party, who may face financial losses as a result of an operation of an aircraft. It aims to protect the owner or the operator of the aircraft against financial losses if they are held responsible for the damages resulting from an accident or incident involving the aircraft. It covers legal costs and expenses, for which third parties are held responsible, usually as a result of an accident or incident involving the aircraft. It includes coverage for death, injury or financial costs caused by the aircraft, its crew or the passengers. It also covers responsibility resulting from the use of aircraft, ground handling services, loading and unloading of cargo.
General Aviation Facilities
It provides solutions by securing the buildings and facilities used in the operation of general aviation. This type of insurance aims to protect the owner and operator of general aviation facilities against financial losses if the facilities are damaged or destroyed as a result of an accident or other situations.The insurance generally includes damage and losses of any equipment and inventory in physical facilities such as buildings, hangars, and other structures. It may also cover business interruption and additional expenses in case of a job loss.This type of insurance is generally purchased by businesses operating in the general aviation industry such as airports, charter companies, maintenance facilities, flight schools, and other types of business industries.
Aircraft Spare Parts Insurance
Spare parts policy is a type of insurance that covers spare parts and components used in the operation and maintenance of aircraft. This type of insurance is planned to protect the owner or operator of the aircraft against financial losses, in case the spare parts or components are damaged, lost or stolen. Aircraft spare parts insurance covers loss or damage of spare parts and components, generally during transportation, storage, or use for an aircraft. It may also include coverage for additional costs as a result of loss or damage, such as the rental of spare parts and components. This type of insurance is often purchased by aircraft owners, airlines, and other types of businesses that operate aircraft.
Passenger Liability Insurance
Passenger liability insurance is a type of insurance that covers the legal liability of passengers in case of injuries or deaths resulting from the operation of an aircraft. This type of insurance is planned to protect the aircraft owner or operator against financial losses in case of being held responsible for the damage resulting from an accident or incident involving the aircraft that results in passengers’ injury or death. Passenger liability insurance typically covers legal costs and financial losses of the passengers or their beneficiaries in case of an accident or incident involving the aircraft. Insurance may also cover responsibilities resulting from the usage of aircraft, ground handling services and passenger disembarkation. It is generally purchased by airlines, charter companies, and other types of businesses that operate aircraft and transport passengers.
Aviation Personal Accident Insurance
Aviation personal accident insurance is a type of insurance that covers people in case of injury or death resulting from an accident during the operation of an aircraft. This type of insurance is often purchased by passengers and individuals involved in the aviation industry, such as pilots, flight attendants, ground services crew and aircraft supplies personnel. The insurance includes protection against injury and death as a result of an accident, as well as additional coverages for situations such as loss of a limb, aloss of vision and permanent complete disability. Insurance also includes accidental death cover, which is paid to the beneficiaries of the injured in case of permanent disability or death. It may also include assurance for medical and transportation expenses.
Loss of Pilot License Insurance
Loss of pilot license insurance is a type of insurance that provides assurance to pilots in case of being unable to continue flying due to a medical condition or another condition which is also covered by the insurance as well. This type of insurance aims to protect pilots from financial losses due to the loss of their licenses. It covers the loss of income and expenses that generally results from the loss of a license. The assurance may also include protection for legal defense costs and additional costs that may arise as a result of a lawsuit.
Liability of General Aviation Hangar Operators
Aviation general liability includes hangar liability, products, responsibility of completed operations, and facility responsibility. The liability of the hangar operators provides assurance for the property of others while in your care. It covers exterior damage of an aircraft, in case of taking a dive in market value, and the costs of replacing an aircraft while it is being repaired. It also covers your liability during the process of moving, refueling or repairing an aircraft that is under your supervision and control.
Insurance for Hot-Air Balloons
Aviation Hot-Air Balloon insurance is a type of insurance planned to protect balloon operators, balloon owners and passengers against financial losses in case of aviation accidents and incidents as well as a damage to hot-air balloons, the equipment and payloads. This insurance covers the risks related to operating a commercial or recreational hot-air balloon such as flight cancellation, third party property damage, injury or death. It also provides protection against liability claims from passengers, employees and other third parties. The insurance types for Hot-Air Balloons are above.
Helicopter insurance is a type of aviation insurance that covers the helicopter passengers and the helicopter itself in case of an injury, damage or loss as well as the liability of third parties. Coverage may include protection against exterior damage of the helicopter, liability for third party bodily injury or property damage, and medical expenses for passengers. The policy can be customized according to the specific needs and risks associated with the operation of the helicopter. The insurance types for Helicopters are above.
Frequently Asked Questions
‘Bridge’ offers many insurance products in scope of aviation insurance. The products are listed below:
● Airframe War and Terrorism Risks
● Aviation 3rd Party Financial Liability
● General Aviation Facilities
● Spare Parts Liability
● Passenger Financial Liability
● Aviation Personal Acciden
● Loss of Pilot License
● General Aviation Hangar Liability Insurance
● Insurance for Hot-Air Balloon
● Helicopter Insurance
Yes, you can. Medical expense coverage is generally required for passengers and crew. The coverage is included in aviation insurance policies.
Yes, you can. The passenger and crew liability insurance generally is included in aviation insurance policies. Therefore, you can buy insurance coverage for your passengers and crew.
In order to demand the aviation insurance policy, you must contact us in order to provide detailed information. We will then evaluate the request and determine the content and the assurance and contact you immediately.
Although there is no specific law mandating aviation insurance, many countries require aircraft owners and operators to have liability insurance.
Since the cost of aviation insurance depends on factors such as the type of aircraft, purpose of usage, and assurance limit, no clear price information can be shared in aviation insurance.
Aircraft owners, operators, and charterers, as well as airports, airlines, and other aviation-related businesses generally need aviation insurance.
Aviation insurance generally covers many risks such as aircraft liability, injury, war and terrorism, pilot error, passenger liability. Since there are many types of aviation insurance types, the scope of aviation insurance is quite wide, their coverage is quite detailed.
Aviation insurance is a type of insurance policy that covers aviation-related risks, including aircraft liability, injury, personal accident, war, and many others.