Aviation Insurance
Broker Directory Article
Aviation Insurance in South Africa
Aircraft owners or operators know that Aviation Insurance is a highly specialised field
Airlines and the general aviation sector have specialist insurance needs and requirements.Aviation is a highly specialised area of insurance and only a select few of the larger insurers in RSA offer aviation insurance solutions. It is therefore common practice for the specialist brokers to also extend their products to insurers abroad.Aviation Insurance mainly concentrates on general aviation risks. One of the main reasons is the exposure and the cost of reinsurance protection, as aircraft accidents have the tendency to result in large property damage and loss of human life claims. Accurate information provided to the underwriter is critical to ensure successful and swift claims settlement. However, non-disclosure of any material information will lead to underwriters repudiating a claim. Being a specialist niche area, all available product options should be considered. These options may be confusing... In fact, the smartest thing you can do is -- Get a specialist broker to do it for you! |
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Factors that influence Aviation Rates: |
There are a number of factors that may influence rates and premiums which include: |
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Also, note the following guidelines, tips and considerations applicable to Aviation Insurance: |
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Aviation Insurance has cover for Engine
Breakdown, Third party liability etc. |
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