Airplane crashes have become more frequent in recent years: airlines suffer million dollar losses, not only related to payment of compensation for the lives of passengers and their property, but also to the restoration of the damaged air transport, or in case of its total loss - to the purchase of a new air transport.
Object insured is the property interest of the policyholder related to the possession, use, and disposal of an aircraft, as well as the risk of loss (destruction) thereof or damage thereto as a result of insured events.
An insured event is loss (destruction) of or damage to the aircraft as a result of the following events:
air incident, or any other classified event;
theft (not high-jacking) or loss (disappearance) of the insured property (aircraft);
unintentional actions of third parties, that is, actions that do not entail administrative or criminal liability for the persons committing them, taking place during the period of insurance coverage.
Risks are insured for all periods of aircraft operation - in flight, while taxiing or parked.
Object insured is the property interests of the policyholder related to their obligation under the civil legislation of the Republic of Kazakhstan to reimburse for damage caused to life and health and (or) property of third parties in the operation of air transport, air carriage of passengers, baggage, cargo and mail, or in the course of aerial works using such air transport.
An insured event is incurrence of civil liability by the policyholder to compensate for damage to third parties, passengers and cargo resulting from operation of the aircraft specified in the insurance contract.
Insurance can be effected in any combination of the above types of liability.
For flights to the European Union countries – not less than the limits set, depending on the aircraft operational take-off weight.
There was an accident and you have encountered a problem? Don’t you worry if you have an insurance policy with Eurasia IC JSC. We sympathize with you and are ready to give you our assistance and support.
