Aircraft represent concentrated values and potentially catastrophic liability. Aviation insurance covers physical damage to aircraft and liability arising from their ownership, maintenance, or use. Policies are highly specialized and underwritten with detailed attention to pilot experience, aircraft type, and operations.

Hull coverage protects the aircraft itself on an agreed-value basis. Liability coverage responds to third-party bodily injury and property damage, including passengers. Separate policies or endorsements address airports, products, and non-owned aircraft. War and terrorism risks often require separate placement.

Underwriting relies on pilot logs, maintenance records, and safety management systems. Claims can involve complex wreckage analysis and multi-jurisdictional litigation. Because the exposure is severe and infrequent, the market is served by a relatively small number of specialist insurers and reinsurers.

• Coverage for aircraft hull and aviation liability
• Underwritten on pilot and aircraft specifics
• Includes passenger and third-party liability
• Specialized market with limited capacity