Small and business aviation insurance

Losses resulting from total (actual or constructive) loss or damage to the aircraft during flight, taxiing, staying on the ground, disappearance of the aircraft; necessary and reasonable expenses for reducing the amount of loss, salvage, protection and transportation of the insured aircraft to the nearest place of repair, damage to life, health or property of third parties, passengers, crew members.

The type of aircraft and its technical condition, the intensity of flights and their geography, the level of flight crew training, and the statistics of air accidents by aircraft type influence the amount of rate.

The insurance contract may be concluded for a year, not for the period of the aircraft's flight, for the period of demonstration or training flights, for the period of aviation work.

The insurance coverage is provided taking into account different geographical boundaries for different types of flights: passenger transportation, cargo transportation, general aviation flights (non-commercial flight activities), training flights, test flights, demonstration flights, flights for medical assistance, aviation works.

The insurance contract may provide for recalculation of the insurance premium in case of aircraft idle time. The unused part of the premium shall be refunded or credited to the following periods of operation.

The deductible is a share of the loss paid by the insured. The amount of the deductible is deducted from the insurance payment.

The insured's participation in the risk (deductible) is limited to the damage deductible only. The deductible does not apply to the total loss of aircraft.