Hangarkeepers Legal Liability Insurance

Definition of "Hangarkeepers legal liability insurance"

Rebecca Bang real estate agent

Written by

Rebecca Bangelite badge icon

Power Play Realty

Coverage for the owner of an airplane in circumstances where use of the owner's premises as an aircraft hangar results in bodily injury or property damage to a third party. Excluded from coverage is property under the care, custody, and control of the insured. Another application of this policy covers the operator of a hangar for liability from damage to an aircraft that the owner has placed under the operator's care, custody, and control for storage or repair.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Insurance Terms

Information generated by the medical information bureau (MIB) and made available to member companies concerning medical information of applicants for life and health insurance. Member ...

Type of court bond filed on behalf of the defendant and used to release assets to him or her that have been attached pending a court decision. ...

Assets permitted by state law to be included in an insurance company's annual statement. These assets are an important factor when regulators measure insurance company solvency. They ...

Basic requirements of an employee benefit insurance plan such as minimum age and years of service with an employer. ...

Coverage in the event an employee is kidnapped from an insured business's premises and forced to return to aid a criminal in a theft. ...

Deductible eliminated through the payment of an additional premium, resulting in first-dollar coverage under the policy. ...

Coverage usually provided for large businesses in four areas: Section I (Property) The building (s) and contents are covered against either any peril (ALL RISKS basis) or only perils listed ...

Mathematical premise stating that the greater the number of exposures, (1) the more accurate the prediction; (2) the less the deviation of the actual losses from the expected losses (X - x ...

Fund that comes into existence because premiums for ordinary life insurance policies in their early years are higher than necessary for the pure cost of protection. These excess premiums, ...

Popular Insurance Questions