Aircraft Liability Insurance

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Aircraft Liability Insurance

An insurance policy providing coverage to the owners and operators of an airplane in the event that a person or property is damaged while on airplane. That is, if a person slips and falls in the bathroom, or if the plane crashes into another on the runway, aircraft liability insurance would protect the plane from any ensuing lawsuits.
References in periodicals archive ?
The liability coverage on the airplane typically responds first, and the excess liability is only tapped if the aircraft liability coverage is exhausted.
As the aviation insurance market continues to tighten, limits will decrease and rates for non-owned aircraft liability coverage will increase.
And while permissive users of privately owned airplanes are usually automatically included under the aircraft liability coverage, insurers will frequently subrogate to recover the cost of physical damage.
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