Aviation insurance is complicated by the increasing value of aircraft, increasing passenger numbers and freight tonnage, the complexity of liability when something goes wrong, and the many international organisations involved in a claim.
Essential reading for the industry, this is a book on aviation insurance that the layman can also understand.
Contents
Foreword
Preface
Acknowledgements
About the Author
Introduction
Part 1: Property Insurance
1.1 Introduction
1.2 The Aircraft Itself
1.3 Hull — "All Risks"
1.4 Hull — "Total Loss"
1.5 Mechanical Breakdown Coverage
1.6 Deductible Insurance
1.7 Residual Value Insurances (RVI)
1.8 Loss of Use
1.9 Spares and Aircraft Equipment
1.10 Ground Handling and Support Equipment
1.11 Cargo in Transit
1.12 Conclusion
Part 2: Liability Insurance
2.1 Aircraft Liabilities
2.1.1 Introduction
2.1.2 Coverage
2.1.3 Bodily Injury/Personal Injury
2.1.4 Limit of Liability
2.1.5 Passenger Liability — its evolution
The Warsaw Convention
The Hague Protocol
The Montreal Agreement/CAB 18900
SDR 80,000/SDR 100,00
The "Japanese Initiative", Europe and Australian Legislation
The IATA 1995 Initiative
The IIA
European Legislation
Revision of the Warsaw Convention
2.1.6 Cargo and Mail Liability
2.2 General (Airline) Liabilities (other operations)
2.2.1 Introduction
Non-aviation Liability Clause
2.2.2 Coverage
2.3 Aircraft and Airline General Third Party Liability General Exclusions
Part 3: War & Allied Perils
3.1 Introduction — The Exclusion
3.2 The Aircraft Itself
Aviation Hull "War and Allied Perils" Policy
3.3 Aircraft Political Risks Coverage
3.4 Limited Hull "Writeback" Coverage
Extended Coverage Endorsement
(Aircraft Hulls) AVN 51
3.5 Spare Parts and Equipment
3.6 Liabilities
Extended Coverage Endorsement (Aviation Liabilities) AVN 52C
3.7 Cargo All Risks
3.8 Key Issues
Part 4: Financing and Leasing
4.1 Introduction
4.2 Documentation
4.3 Definitions
4.4 Insurance Requirements
1. Under the "hull" insurance
2. Under the liability insurances
3. Under ALL the insurances
4.5 Evidence of Insurance
4.6 Insurance/Reinsurance
4.7 Liability Coverage
4.8 Engine Leasing
Part 5: The Airline Finance/Lease Contract
5.1 The Preamble
5.2 Under the Hull and Spares Insurances
5.3 Under the Legal Liability Insurance
5.4 Under All Insurances
Glossary of Terms in Common Usage in Aviation Insurance
Index
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