This package provides insurance to aircrafts against loss or damage to its hull regardless of whether
incurred in flight or whilst on ground. Coverage includes servicing of cost for the rehabilitation of
the aircraft until its reinstatement to its status prior to its damage.
In the event of damage beyond repair, covered by insurance terms, the policy shall release payment of a
pre-agreed value set at the time the insurance was availed.
Spares Insurance
This package provides insurance for all spare parts and aircraft equipment that are brought on board or kept
in storage as reserves.
Hull Deductible Insurance
This package allows Hull policies to be subject to a deductible insurance to guard against exposure and
reduce the any uninsured amount to repairable damage of an aircraft for which cost the insured is
responsible of shouldering.
Hull Total Loss Insurance
This package provides total coverage and payment in the event of total destruction, loss, or damage to
an aircraft whose repair would exceed viable economic cost which is 75% of the agreed value. In the
event of which, total payment of agree value less the applicable deductions in the policy shall be
released in full along with indemnity for added cost that may be incurred for the replacement of the
lost aircraft.
Loss of Use Insurance
This package provides the insured protection against total loss of revenue in the event that an aircraft
is grounded for repair and is thus unable to generate revenue for the duration of which. As defined
within the set agreement of the policy, which includes but is not limited to maximum period coverage,
the insured is to receive daily amount to cover losses in revenue.
Aircraft Liability Insurance
This package indemnifies the insured against any liability to any third party arising from mishap in
operations that caused injury, harm or permanent loss to passengers, cargo, baggage or property. Any and
all cost that qualifies within the coverage of the policy shall be shouldered by the insurance.
Airport Liability Insurance
This package provides airport operators with indemnity against liabilities that may be incurred in the
event of an unforeseen incident occurring within airport premises and thereby exposing the operator to
liability for ensuing damage to property or injury to any affected third party.
Hangar-Keepers Liability Insurance
This package provides indemnity to hangar operators against liability for any unforseen damage or loss
to aircraft and/or any spare parts deposited in the hangar for storage and safekeeping. This includes
coverage for in flight hangar-keepers when an aircraft is being flight-tested.
Aviation Products Liability Insurance
This package provides indemnity to manufacturers or maintenance organizations or operators against
liability for any defective products sold or services render or supplied that has resulted in customer
complaints and claims for due reparation. This package includes hardware, software and training
programs.
Aviation Hull War and Allied Perils
This package provides insurance for aircrafts against loss or damage caused by war, hi-jacking,
confiscation, any malicious act, and other similar causes. It should be noted that damage arising from
any of these risk factors is not covered by the main hull coverage and thus must be availed as a
separate package.
Liability War and Allied Perils Coverage
This package provides liability insurance against war and allied perils. Claim to its coverage is made
through a write-back endorsement to the Aviation Liability coverage (AVN52).
