Aviation Hazard
Definition of "Aviation hazard"
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.
Popular Insurance Terms
Coverage on an all risks basis for goods in transit, bailment, and while on the premises of others. ...
Technique of risk management (better known as retention or self insurance) under which an individual or business firm assumes expected losses that are not catastrophic losses through the ...
Process of discovering sources of loss concerning the property risk faced by individuals and business firms. The first step is to analyze possible perils that can damage or destroy both ...
Authority to act on behalf of an individual that terminates upon its revocation or death of that individual. ...
Combination of the federal estate tax and the federal gift tax. ...
In which at least two insurance policies provide identical coverage for the same risk. ...
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