Different wordings used by different insurers. Version I stipulates that in the event of loss or damage to the goods insurers to pay the cost of airfreighting the damaged parts to manufacturers for repair and return ort the airfreighting of replacement parts from manufacturers or suppliers to destination. Notwithstanding that the goods lost or damaged were not originally dispatched by airfreight. Provided that in no case shall the liability of insurers exceed the insured value of the complete item. Version II covers reasonable cost of airfreighting subject to amount payable shall be limited to a stipulated sum any one claim mentioned in the policy.
Insurance Encyclopedia
Airline insurance
Main policies are aviation hull all risks and aviation liability. Other special forms of aviation insurance effected by airlines are: war risks; deductible insurance; unearned premium; mechanical breakdown; loss of use. Airlines also need a full range of non-marine policies covering ground property, vehicles, risks and liabilities related to ground operations. There are standard aviation wordings (see AVNIC) but most airlines have individual ‘manuscript’ wordings devised with brokers to reflect their particular circumstances. Premiums are based on ‘own experience’, regional and global airline experience, type of aircraft, route structure, passenger make-up and individual legal situations.
Airline Liability
See: WARSAW CONVENTION.
Airliner
A large passenger aircraft plying in an airline on scheduled services over regular routes. Travel as a passenger on such aircraft is not normally excluded under personal accident insurance policies.
Airplane insurance
Insurance that is purchased by commercial airlines and consists of property insurance on airplanes and liability insurance for passengers and persons not passengers. It is for negligent acts or omissions by the airline that may result in bodily injuries or property damages.
Airport owners’ and operators’ liability
policy An aviation policy covering: 1. Premises legal liability to protect the insured against claims arising out of the use of his premises by third parties or passengers; 2. Hangar-keepers’ legal liability in respect of the insured’s liability as a bailee for aircraft and equipment on the ground; 3. Products’ legal liability to cover the risk associated with servicing or repairing aircraft or sale of fuel; 4. ‘Control tower liability’ is also covered. Cover can be extended to cover consequential loss following unexpected closure of the airport.
Airside
Means being on the ‘apron’ of an airport making contact with aircraft possible. A motor insurer might in some circumstances exclude all liability from accidents while the insured vehicle is airside. In contract works insurance where the site of the work is at an airport, insurers will take a more stringent view of the work than the same work landside (no contact with aircraft).
Airworthiness Requirements Board (ARB)
ARB advises the Civil Aviation Authority on ‘design, construction, and maintenance of aircraft and all related matters.
Airworthiness Warranty
It is implied in all aviation policies that aircraft are maintained to specified standards following procedures laid down by the aircraft manufacturers in conjunction with the relevant civil aviation authority. The airline must keep maintenance records. Aircraft and engine manufacturers also specify the parameters for an aircraft’s operation. If an airline breaches any of these requirements the policy may be invalidated.
AJ
HCPCS Level II modifier that may be used with CPT or HCPCS Level II codes indicating services performed by a clinical social worker. Use of this modifier affects Medicare payment.