Aircraft Liability Insurance


Definition of "Aircraft liability insurance"

Meg Kevan
Meg Kevan Silvercreek Realty Group

Coverage for the insured in the event that the insured's negligent acts and/or omissions result in losses in connection with the use, ownership, or maintenance of aircraft. Liability coverage can be provided for bodily injury and/or property damage to passengers and also to individuals who are not passengers, medical payments insurance may be included on an optional basis.

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Nonownership Aircraft Liability Insurance

Coverage in a separate policy or as an endorsement to the commercial general liability (CGL) form, for insureds responsible for aircraft they do not o ...

Attachment

Addition to a basic insurance policy to further explain coverages, add or exclude perils and locations covered, and add or delete positions covered. F ...

Defense Of Suit Against Insured

Clause in a liability insurance policy under which an insurance company agrees to defend an insured even if a lawsuit is without foundation. The costs ...

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Clause in an insurance policy that describes the administration and submission of claims procedure. ...

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Same as term Coinsurance: in property insurance, when the insurance policy contains this clause, coinsurance defines the amount of each loss that the ...

Section 101 (a) (1) Of The Internal Revenue Code

Section of the code that qualifies that the death benefit paid under a life insurance policy is received by the beneficiary income-tax free. These tax ...

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