CT Aviation Insurance Breakdown: Covering Aircraft Damage 
Aviation insurance is one of the most complex commercial insurance lines available. There are countless risk exposures and regulations faced by the aviation industry which makes these policies incredible complicated to navigate. These policies are designed to provide a wide range of insurance solutions to protect all sectors of the aviation industry, including airlines and major manufacturers, private pilots, suppliers and aviation service providers. However, each niche has their own unique insurance needs to best protect their operation. One of the most important coverages required throughout industry however, is aircraft insurance.
Like auto insurance, aircraft insurance can be broken down into liability and aircraft damage coverage. Also referred to as third party liability, public liability insurance is designed to cover aircraft owners for damage that their aircraft inflicts upon any third party property. It does not provide coverage for damage to an insured aircraft or occupants of an insured aircraft. Passenger liability is designed to help compensate for medical, funeral and other expenses incurred by passengers of an aircraft. This coverage is often sold on a “per-seat” basis, with a specified limits set for the number of seats and passengers an aircraft can carry at any given time. Aircraft liability insurance coverage minimum amounts are federally mandated by the Federal Aviation Administration.
Aircraft Hull insurance is designed to insure an aircraft itself. There are typically two different coverage necessities here. Ground risk hull insurance specifically provides coverage for an insured aircraft against damage sustained while not in operation. This coverage is only designed to protect damage sustained while the craft is stationary on land, and can provide protection from common hazards such as fire, weather, theft, vandalism, hangar collapse and more. In-flight hull insurance, on the other hand, protects an insured aircraft against damages sustained during all phases of flight and ground operation, including taxiing, take-off and landing. The amount of coverage varies based on the value of the aircraft and the scope of the coverage.
At Sinclair Risk & Financial Management, our aircraft insurance specialists possess the necessary intricate understanding of the CT aviation insurance industry to provide unparalleled insurance and risk management solutions. Our longstanding partnerships with top-tier insurers, along with our global reach, enables us to secure a program that meets your specific coverage needs. We also offer a full spectrum of risk management services, which including risk review, strategizing, contract review, and more to help protect your operation from any business turbulence that may arise. To find out more about any of our offerings, give our CT aviation insurance specialists a call today at (877) 602-2305.