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Aircraft insurance consists of several components. There is pure owner liability insurance, which is mandatory, as well as passenger liability insurance. Combined aviation insurance (Combined Single Limit, or CSL) consists of owner liability insurance and carrier/passenger liability insurance.
Aviation accident insurance is an ideal supplement to private accident insurance for pilots, flight instructors, trainee pilots and passengers. These aviation insurance policies cover all accidents to which the insured individual is exposed during active flight (from take-off to landing).
Comprehensive insurance provides financial protection in the event that the aircraft is damaged or lost.
The aviation insurance policy covers all risks to which an aircraft is exposed up to the agreed insured amount. Risks during both operational and idle periods are covered under such policies.