What type of coverage provides protection against loss of or damage to their owned or leased aircraft?

What type of coverage provides protection against loss of or damage to their owned or leased aircraft?

• A. Hull coverage
• B. Liability coverage
• C. Property coverage
• D. Comprehensive coverage

Answer: (A)

Hull coverage protects against loss of or damage to the aircraft itself, whether you own or lease it. It covers the physical aircraft—the airframe, engines, avionics, and other components—against perils that can occur on the ground or in flight, such as collision, fire, hail, theft, or structural failure, up to the insured value. This is distinct from liability coverage, which pays for injuries or property damage you cause to others, and from property coverage, which would cover other non-aircraft property. Comprehensive coverage isn’t the standard term used for aircraft insurance; hull coverage is the usual way to describe insurance for the aircraft’s own value. For leased aircraft, hull protection is especially important because it safeguards the lessor’s financial interest as well as the operator’s.

Hull coverage protects against loss of or damage to the aircraft itself, whether you own or lease it. It covers the physical aircraft—the airframe, engines, avionics, and other components—against perils that can occur on the ground or in flight, such as collision, fire, hail, theft, or structural failure, up to the insured value. This is distinct from liability coverage, which pays for injuries or property damage you cause to others, and from property coverage, which would cover other non-aircraft property. Comprehensive coverage isn’t the standard term used for aircraft insurance; hull coverage is the usual way to describe insurance for the aircraft’s own value. For leased aircraft, hull protection is especially important because it safeguards the lessor’s financial interest as well as the operator’s.