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Presentation
By
Vijay Thakur
(Deccan Insurance Services )
Aviation History
Aviation History
Main Exclusions
– Mechanical Breakdown / Wear and Tear
– War, Hi-jacking and Other Perils Exclusion Clause AVN 48B
– Nuclear Risks Exclusion Clause AVN 38B
– Items detached from aircraft and held as spare parts
– Loss of Use
Hull All Risks
Limits
– Total Loss / Constructive / Arranged Total Loss:- Pay agreed
value as declared by airline and agreed by insurers for each
aircraft
– Partial losses pay for cost of repairs less deductible
– Deductible is also applied to TL/CTL claims of on Rotor Wing
Aircraft
Deductible
– Jets wide-bodied US$1,000,000
– Hybrid US$750,000
– Narrow bodied US$500,000
– Standard market deductibles may be increased in the future
– Separate deductible insurance may be arranged to “buy down”
to a lower level
Hull All Risks
Additional Provisions:-
– Missing aircraft
– Cost of repairs
– Supplementary Expenses
– Covers Engines
Spares All Risks
Main Exclusions
– Inventory losses
Deductible
– Baggage US$1,250 Standard Market
– Cargo / Mail US$10,000 Deductibles
Legal Liabilities
Rating
– Departure rate plus per passenger carried basis
– US$ amount per 1,000 RPK’s
– Smaller risks Third Party Legal Liability (TPLL)
US$ per aircraft plus Passenger Legal Liability
(PLL) US$ per passenger seat
– Following 11/09/2001, “Special Surcharge” of
USD 1.25 per passenger introduced for all
airlines
Legal Liability
Additional Provisions:-
Additional Provisions:-
Cancellation clause
Coverage
– Third Party Excess AV52 coverage
Limits
– excess of primary limit
Rate
– US$ rate per passenger carried
Additional Airline Insurance
Coverages
Engine Mechanical Breakdown
Technical Records
Additional Airline Insurance
Coverages
– Loss of Use
– Grounding
THANK YOU