Aviation Insurance

Definition of "Aviation insurance"

Combination of property insurance on the hull of an airplane and liability insurance in the following manner:

1. property coverage provided on an ALL RISKS basis or on a specified perils basis for the hull, autopilots, instruments, radios, and any other equipment in the airplane as described in the policy;
2. liability coverage provided in the event that the insured's negligent acts and/or omissions result in bodily injury and/or property damage to passengers and individuals who are not passengers.

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