Aviation Insurance is a form of risk management whereby the property and liability of an aircraft is covered or insured by the insurer.Aviation insurance can be categorized under the Transport insurance main category.Having covered your aircraft under aviation insurance it is worthy to note that there are some limitation of benefits.

Like When your aircraft crashes and apparently destroys properties of members of public, your insurance company would not pay for the damages of public properties.Unless you have bagged a premium in public liability insurance, then your insurer can compensate the affected victim of your aircraft clash.Aviation insurance .

As a matter of facts, there are about six other types of aviation insurance that needs to be considered before one can buy a full aviation insurance.So consider subscribing for these other types of insurance if you are concerned generally on the entirety of aviation insurance.Public Liability Insurance - This type of insurance is channeled to the end receivers of aircraft and flight related damages/casualties.For instance lets assume the Boeing 737 max airplane crashed on a farm land, killing livestock and destroying crops, your ordinary aviation premium cannot compensate the farmer whose farm land you destroyed.

That is where this type of aviation insurance comes to play.Your insurer bears all the cost of damages.Passenger Liability Insurance - This type of aviation insurance covers the passengers of the affected airplane that was involved in a crash or accident.

Insurance is sold on per seat level.i.e if your carrier has 100 passenger seat, you would need to buy an insurance for each seat.So if premium per seat is $10 per annum, then the insured pays $1,000.00 for that airplane.

Combined Single Limit  - CSL coverage combines public liability and passenger liability coverage into a single coverage with a single overall limit per accident.Ground Risk Hull Insurance Not in Motion- This covers the insured aircraft that was in peril before flight takeoff.It covers the aircraft of any damage  incurred over these causes of accident such events as fire, theft, vandalism, flood, mudslides, animal damage, wind or hailstorms, hangar collapse or for uninsured vehicles or aircraft striking the aircraft.

This type covers an airplane that is even station in a hangar.  Ground Risk Hull Insurance in Motion(Taxiing) - This type is similar to Ground Risk Hull Insurance Not in Motion but is only limited to a taxiing aircraft.In simple sense, when an aircraft gets an accident while taxiing, then insurance cover over the insured can be harvested.Taxxing excludes damages gotten from a plane on take-off or landing.

Many issurance companies has withdrawn this kind of cover over dispute constantly with the insured.In-Flight Insurance - In-flight coverage protects an insured aircraft against damage during all phases of flight and ground operation, including while parked or stored.Naturally, it is more expensive than not-in-motion coverage, since most aircraft are damaged while in motion.

Below is a list of companies that offer aviation insurance AIICO INSURANCE PLC  USAIG  HDI GLOBAL SPECIALTY AIG (AMERICAN INTERNATIONAL GROUP) STARR INSURANCE ALLIANZ