Aviation Hazard


Definition of "Aviation hazard"

Stephanie Meyer
  Keller Williams Realty

Additional hazard associated with aeronautics other than that of being a passenger on a regularly scheduled airline. An extra premium is charged, and/or there are usually exclusions applied to certain benefits associated with this hazard. For example, pilots of small private planes are subject to this hazard.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Blanket Limit

Maximum amount of insurance coverage that an insurance company will underwrite in a particular geogr ...

Estate Shrinkage

Decline in an estate's value, when the estate owner dies, because of death-related expenses to inclu ...

Deck Roof

An open surface constructed on top of a flat roof. Normally, a railing is constructed on the sides o ...

Relocation

The geographic moving of an individual from one region to another usually because of a change in ...

Hospice

Facility that provides short periods of stay for a terminally ill person in a homelike setting for e ...

Insurance Fraud Prevention Act

Legislation that makes insurance fraud a federal crime. This act is part of the Omnibus Crime Bill. ...

Related Real Estate FAQ

What Does An Appraisal Mean?

An appraisal is an estimate of the value of a certain property by a qualified, independent individua ...

What Do I Need To Know About Whole Life Insurance?

Whole life insurance insurance provides the coverage amount to your beneficiary in the of your death ...

Should I Pay Points For A Lower Rate?

Paying points for a lower interest rate is a trade off between paying money now versus paying money ...

What Is A Fixed-rate Mortgage?

A fixed-rate mortgage is a type of mortgage in which the interest rate is fixed for the life of the ...

What Is A Convertible ARM?

A convertible ARM is an adjustable- rate mortgage (ARM) that can be converted into a fixed rate mort ...

What Are The Benefits Of Liability Insurance?

General Liability Coverage includes: Bodily Injury Liability Coverage: Help protect you in case ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

When to buy a house 6 Reasons you are not selling properties What is Earnest Money What is Hazard Insurance? 10 Tips for Homebuyers

FAQ

Should I Pay Extra Each Month? Do I need Life Insurance? What happens when a property starts to depreciate? What is a Good Faith Estimate? What is a lien?