Sentences with phrase «aviation insurance policy»

The first - ever aviation insurance policy was written by Lloyd's of London in 1911.

The company's global tender posted on its website said, «Air India's aviation insurance policies are due for renewal effective 1 October 2015 for an agreed fleet value of around $ 9 billion.

Not exact matches

Back in the day, any form of flying was considered extremely hazardous and most life insurance companies would either force the applicant to pay an exorbitant amount or they would add an aviation exclusion clause to the policy, in other words, if you died as the result of a plane crash, your beneficiaries wouldn't receive the death benefit.

He also specializes in disputes involving coverage and quantum issues relating to automobile, property, aviation, marine, boiler and machinery insurance policies and reinsurance contracts.

In aviation insurance, the base policy is liability only.

Back in the day, any form of flying was considered extremely hazardous and most life insurance companies would either force the applicant to pay an exorbitant amount or they would add an aviation exclusion clause to the policy, in other words, if you died as the result of a plane crash, your beneficiaries wouldn't receive the death benefit.

The first aviation policies were underwritten by the marine insurance underwriting community.

Another issue is a regular insurance company may exclude aviation from your policy.

A clause present in many life insurance policies, an aviation exclusion states that the death benefit becomes void if the insured dies as a result of an aviation - related accident while not on a regularly scheduled flight.

The aviation exclusion notes that the insurance company will not pay for death benefits if the policy holder dies in a crash of a private plan, or if he / she is on a commercial flight but not as a passenger.

If you have adequate life insurance in force, but you're concerned whether it covers your new hobby, call the company customer service line and understand before you call that if you took the insurance out at a time when, let's say, you had no plans to take up private aviation, there should be question that you are fully covered for aviation, even if your policy is fairly new and still within the two year contestability period.

He needed $ 500,000 in coverage so we combined a term life insurance policy with an aviation exclusion with an accidental death policy to cover his aviation.

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