Accident means any one accident or series of accidents arising out of one event.
Insurance Encyclopedia
Aviation accident insurance (Life Insurance)
Insurance that covers passengers or pilots on a regularly scheduled airline.
Aviation exclusion (Life Insurance)
An exclusion that states the insured is not covered unless he or she is in a regularly scheduled airline. For example, the insured is not covered in the event of a small-plane crash.
Aviation Fixed Base Liability
The Liability coverage needed by fixed based operators i.e., those who operate commercial enterprises and operate out of one airport. Aircraft dealers, charterers and instructions are example.
Aviation Ground Coverage
Insurance for specified perils applicable to the hull when a plane is not flying. Similar to collision and comprehensive coverage in an automobile policy. There are different forms of ground coverage: “Not in Flight” covers the plane on the ground only but includes taxing. “Not in Motion” covers the plane on the ground and not in motion.
Aviation Hazard
The hazard of accidental death or injury resulting from participation of aeronautics. 1. Aviation Hazard, Natural
Aviation hazard (Aviation Insurance)
The extra hazard that comes from the insured’s participation in aviation or aeronautics.
Aviation hazard/risk
Risk of death/injury due to participation in aeronautics other than as a fare-paying passenger in licensed aircraft. The risk is excluded from personal accident policies but cover can be arranged. Aircraft personnel obtain cover in the aviation department.
Aviation Hull All Risks Insurance
Insurance covering all risks’ of loss or damage to an aircraft subject to exclusions. There is no cover for grounding due to directives from the relevant authority or the manufacturer’s directives, or consequential loss of income. The main exclusions are as follows: radioactive contamination/nuclear causes; war and allied perils (strikes, hijacking, sabotage, terrorism, confiscation, etc.); wear and tear; mechanical breakdown (i.e. fixing the broken part but not damage due to accidents caused by the breakdown); progressive damage. There are standard deductibles, e.g. $1 million for ‘widebodied’ aircraft. Geographical limits may apply. See AVIATION HULL WAR AND ALLIED PERILS INSURANCE.
Aviation hull deductible insurance
policy Insures the amount an airline has at risk as a result of its hull policy deductible. Cover applies up to the deductible level, so it becomes an insurance of the actual deductible, subject to a small deductible itself. The intention is to cover ingestion damage to engines by foreign objects but it also covers damage to landing gear and fuselage. The policy follows the overlying hull ‘all risks’ cover subject to an annual aggregate limit.