Page 44 - Marine Insurance IC67 EBOOK
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The third party Insurance cover is also included from whatsoever cause arising while in flight or

under this policy                                                         taxying or on the ground or moored.

u Hull All Risk Insurance Policy:                                         Section II
This policy is suitable for small aircraft operators                      Provides cover for insureds legal liability to third
belonging to flying clubs, companies engaged in                           party for compensation against accidental bodily
agricultural spraying operations, aircrafts                               injury ( fatal or non fatal) to persons and
especially designed for VVIPs, business                                   accidental damage to property caused in direct
executives and for those engaged in industrial                            connection with the aircraft.
aids. The policy scope includes all physical loss
or damage sustained by the insured aircraft                               Section III
including total loss, disappearance. All losses are                       Provides cover for insureds legal liability for
paid subject to deductibles.                                              compensation for accidental bodily injury ( fatal or
------------------------------------------------------------------------  non fatal) to passengers while entering into, being
                                                                          carried in or alighting from the aircraft.
Aircraft Hull/Liability
                                                                          l Legal Expenses
1. Introduction                                                           The Company also pays( within the agreed limits
                                                                          of liability),legal expenses incurred with its written
Product                                                                   consent in connection with claims for death or
The Policy is a comprehensive cover comprising                            injury to passengers or third parties ,or loss of or
three sections. While section I provides cover for                        damage to property of third parties
accidental loss or damage to aircraft, section II
indemnifies the insured against legal liability for                       Exclusions
compensation to third party. Under section III                            l Illegal purpose or any purpose other than
insured is indemnified in respect of legal liability
for compensation for accidental death / bodily                                 stated
injury to passengers ,damage to baggage and                               l Outside the Geographical limits stated
personal articles of passengers                                           l Piloted by any person other than stated
                                                                          l Total number of passengers carried exceeds
Customer
l Owners/ Operators of airlines,                                               the declared number stated
l Owner of aircraft, Helicopters                                          l War, hijacking and allied perils
l Manufacturer of aircraft, helicopters                                   l Nuclear risks
l Flying Club,
l Training School,                                                        Conditions
l Agricultural application                                                l Insured shall use due diligence to avoid
l Government Civil Aviation Department
                                                                               accidents
2. The Insurance Cover                                                    l Compliance with all air navigation and air

Section I                                                                      worthiness orders and requirements
Provides cover for accidental loss or damage to                           l Immediate notice of any event likely to give
the aircraft against accidental loss or damage
                                                                               rise to a claim. Policy may be cancelled by
                                                                               insurers or insured by giving 10 days notice.
                                                                               If cancelled by the insurer they will return
                                                                               prorate portion of premium. If cancelled by
                                                                               the Insured, return of premium shall be at the
                                                                               discretion of the Insurer

                   PH: 033 4007 8428 / 2218 4184, Email: info@sashipublications.com 259
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