Question

Aircraft liability coverage is similar to automobile liability except for the inclusion of

medical payments coverage.

admitted liability coverage.

world wide coverage.

the absence of an employee exclusion.

Answer 1

Answer (c) bodily injury and property damage under the aircraft liability policy is very similar to automobile liability insurance policy with only one exception aircraft liability coverage liability to passengers is treated as a separate exposure totally apart from the liability to others. Aviation insurance is highly specified field designed to meet general aviation needs while the aviation insurance policy is not standardized the insurance contract contains many adaptions to other familia General Insurance form specifically fire and automobile some issues right down aviation insurance using their own contracts other participants in one of the Civil Aviation pools in underwriting group specialisation in writing aircraft insurance exclusively

The policy contain 3 insurance agreements to pay for any physical damage open parallel basis Industries disappearance open peril basis not in flight covers the plane when on ground but does not include fire explosion following a crash open Peril basis not in motion covers the plane while standing still but again does not include fire explosion following a crash.

The coverage can be written to cover public and passenger liability in property damage liability bodily injury and property damage under the aircraft liability policy is very similar to the automobile liability insurance policy with one exception in Aircraft liability coverage liability to the passengers is treated as separate exposure totally apart from the liability to others atypical aircraft liability policy included bodily injury liability passenger liability and property damage liability insurance single limit body injury and property damage the liability also available essentially the policy ensuring agreement states that the company will pay on the behalf of insured all sum with the insured becomes legally obligated to pay as damages because of bodily injury sickness and disease including death at any time or injury or destruction of property

Admitted aircraft liability coverage is a coverage written as an agent to passenger liability not applicable to passengers carrot for higher it provides for principal some payments for death or December cement if the named insured request it and the company is released from further liability it is a means by which an insured may save a guest from the necessity of bringing a legal action for injuries