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What is HT Aviation Insurance?
HT Aviation insurance covers the risks brought by air transportation. These insurances are designed taking into account the unique risks and costs of the aviation industry. Here are the basic types of aviation insurance and the scope of these types
HT Aircraft (Casco) Insurance
Scope: It provides financial protection in case the aircraft is damaged or lost. This includes risks such as aircraft crash, fire, theft, etc.
Additional Guarantees: Additional coverage can be obtained against extra risks such as terrorism, war, rebellion.
HT Passenger Liability Insurance
Scope: It covers the liabilities that may arise towards the passengers on the aircraft. This includes situations where passengers are injured or killed as a result of an accident. Additional Guarantees: Additional guarantees can be obtained against additional problems that the passenger may encounter, such as baggage loss and delays.
HT Third Party Liability Insurance
Scope: It covers liabilities that may arise to third parties for damages caused by the aircraft. For example, this insurance covers material damage caused by an airplane crashing into a building.
Additional Guarantees: Additional coverage can be obtained for environmental damages and airport property damages.
HT Aviation Liability Insurance
Scope: It provides protection against risks that the flight crew and other employees may be exposed to during flight.
Additional Guarantees: Additional coverage can be obtained for long-term treatment, rehabilitation and compensation needs.
HT Air Cargo Insurance
Scope: It provides protection against the risks of damage, loss or theft of cargo transported by air.
Additional Guarantees: Additional coverage may be obtained based on special packaging, storage and cooling needs.
HT Aircraft Construction and Assembly Insurance
Scope: It provides protection against risks that may occur during the construction or assembly of aircraft. This may include damage to construction materials, worker errors, or equipment malfunctions. Additional Guarantees: Additional coverage may be obtained for special equipment and materials.
Why Should We Get HT Aviation Insurance?
The importance of having aviation insurance is based on many reasons. Here are some of these reasons:
High Cost Damages: Aviation-related accidents and incidents can often have costly consequences. If an aircraft is damaged or crashes, material damages can be enormous. Aviation insurance covers such costly losses.
Passenger and Crew Responsibility: In airplane accidents, there is a risk of injury or death to passengers and flight crew. In such incidents, airline companies may face high compensation claims. Passenger liability insurance covers such claims.
Legal Obligations: Airline companies are subject to national and international legal regulations. These regulations force companies to insure against certain risks.
Cargo and Load Loss: In air cargo transportation, there is a risk of cargo being lost, damaged or stolen. Air cargo insurance provides protection against such risks.
Operational Risks: Aircraft face many unexpected risks such as weather conditions, bird strikes and technical malfunctions. Aviation insurance provides protection against such operational risks.
Financial Protection: The value of airplanes is quite high. Damage or loss of an aircraft means a major financial blow to airlines. Insurance reduces the impact of such financial blows.
Competitive Market Advantage: Having a comprehensive insurance policy by an airline company creates an element of assurance for both passengers and business partners. This increases the company's credibility and competitiveness in the market.
Business Continuity: Financial support is required to quickly resume operations following an accident or incident. Insurance guarantees business continuity by providing this financial support to companies.
Unforeseen Situations: The aviation industry inherently faces many unpredictable risks. Aviation insurance protects against the financial consequences of such unexpected situations.
Worldwide Protection: Airlines often have international operations. Aviation insurance provides companies with comprehensive protection around the world.
As a result, aviation insurance provides comprehensive protection against the potential risks that the aviation industry may face. This ensures companies' financial stability, business continuity and overall operations.
Frequently Asked Questions
What is Aviation Insurance?
Aviation insurance is a type of insurance that protects airlines, aircraft owners and operators against potential risks associated with aircraft.
Which Situations Are Covered by Aviation Insurance?
Coverage varies depending on the policy chosen, but generally includes risks such as physical damage to the aircraft, passenger and crew liability, cargo damage and civil liability.
Is Aviation Insurance Mandatory?
In many countries, commercial airlines are required to have a certain minimum insurance coverage. However, for private aircraft owners, this may vary from country to country.
How Much Does Aviation Insurance Cost?
The cost of insurance varies depending on the type of aircraft, intended use, flight routes, aircraft age and many other factors.
Should I Get Insurance If My Aircraft Is For Private Use Only?
Yes, private planes can also crash or get damaged. It is also recommended that you have insurance coverage for potential damages to third parties.
What Additional Coverages Can I Include in Aviation Insurance?
You can obtain additional coverage against special risks such as terrorism, war, attack, special cargo needs and long-term maintenance.
What Types of Aircraft Does Aviation Insurance Cover?
You can get aviation insurance for many different types of aircraft, from commercial jets to helicopters, from small private planes to drones.
Does my insurance policy cover flights abroad?
Depending on the conditions stated in your policy, international flights may also be covered.
What is the Difference of Aviation Insurance from Passenger Insurance?
Aviation insurance usually covers the risks of the aircraft and the operator, while passenger insurance covers the personal risks that the passenger may face during his journey.
What Legal Liabilities Does Aviation Insurance Cover?
As an airline company or aircraft owner, it covers legal compensation claims that may occur for damages to third parties, passenger or cargo damages.
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