Aircraft liability insurance protects you in the event you are liable if your aircraft injures another or damages their property. There are primarily two major methods in structuring aircraft insurance liability coverage:
Combined single limit aircraft liability insurance (smooth limit or level limit)
This is the broadest aircraft insurance coverage available – injury and property damage are combined under a single limit of liability per occurrence. For example, with a $1 million combined single limit liability, $1 million would be the total available to be paid to injured parties and property damaged combined. This form of aircraft liability insurance coverage is typically more costly, but provides the broadest aviation insurance coverage.
Combined single limit aircraft liability insurance (sub-limit)
This aircraft insurance coverage is limited as to what an injured passenger/person can recover. For example, a common passenger sub-limit coverage provides for $1 million combined, sub limited to $100,000 per passenger. In this case, while the total available to be paid for injured parties and property damage is $ 1 million, the individual passenger limit would be $100,000. This form of aircraft liability insurance coverage is typically less costly.
When you are shopping for aircraft liability insurance and general aircraft insurance, please call US Aircraft Insurance at (888) 654-USAF for a no obligation quote of our competitive rates.