Page 46 - Marine Insurance IC67 EBOOK
P. 46
l Owner of aircraft, l Automatic cancellation of policy in the event
l Manufacturer of aircraft of war between UK, USA, France, Russian
l Flying Club, Federation, China
l Training School,
l Agricultural application l Material change in operations provision
l Government Civil Aviation Department
l Owners of Helicopters Extensions/ Add Ons
2. The Insurance Cover Legal Liability of the Insured towards
Basic Coverage(loss or damage to Aircraft)
l War, invasion, civil war, rebellion, revolution, Passenger and Third Party due to war and
military coup allied perils can be covered by charging
l Strikes, riots, civil commotion
l Acts for political or terrorist purpose additional premium written back into the Hull/
l Malicious acts
l Confiscation/requisition of aircraft by Liability Policy
Government, etc Variants
l Hi-jacking Aircraft Hull, Aviation PA personal (group)
Exclusion 3. Underwriting Guidelines
l War between UK, USA, France, Russian
l Duly completed proposals forms are to be
Federation, China referred to HO, Technical for approval of rates /
l Confiscation by government of registration terms.
l Confiscation for financial default/repossession
Details of Pilot( Whether Named Pilots or any
by title holder pilot with valid licence, total flying hours
l Delay, loss of use, consequential loss experience)
l Use of chemical or biological materials
l Hostile use of radioactive contamination Determination of sum insured/values to be
l Hostile use of an electromagnetic pulse insured
l Hostile detonation of nuclear weapons
Limits
Conditions Each aircraft covered for the same Agreed
l Insurers may issue seven days notice to Value as under Hull all risk Policy subject
to a Policy aggregate sum insured per
review premium and/or geography limits at annum
any time
Rating/Pricing
l Automatic review of premium and/or Hull war risks rated as a percentage of aircraft
geographical limits on expiry of seven days value on similar basis to Hull All Risks
from hostile detonation of nuclear weapons
Excess/Deductibles
l Insurers may cancel policy by giving seven Suitable excess to be imposed
days notice
4. Documents for claim settlement
Documents in respect of aircraft details,
flight details, accident report, Certificate of
Airworthiness/registration, Crew details,
Maintenance &engineering information,
Passenger Manifest
PH: 033 4007 8428 / 2218 4184, Email: info@sashipublications.com 261
