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.
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As the aviation insurance market continues to tighten, limits will decrease and rates for non-owned aircraft liability coverage will increase.
As the use of corporate and general aviation aircraft increases, Travelers (NYSE: TRV) Aviation is expanding its insurance products and services with new aviation coverage offerings including non-owned aircraft liability coverage, quota share endorsements and aviation-specific Risk Control services.
The increased hull capacity to $50 million, along with the existing capacity of up to $300 million in aircraft liability coverage limits, puts us in a league of top tier providers and enables us to provide the extensive products and services that aviation customers demand," said Gordon Murray, president, Travelers Aviation.
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