Insurance Policy
An insurance policy is a contract between the insurer and the insured, where the insurer agrees to compensate the insured for any loss or damage to their property or life, in exchange for a premium. In aviation, insurance policies are crucial for protecting against potential losses or damages that may occur during flight operations. Aviation insurance policies can cover a range of risks, including liability for third-party injuries or property damage, damage to the aircraft, and loss of cargo or personal belongings. These policies are typically tailored to the specific needs of the aviation industry, and may include provisions for coverage during takeoff, landing, and in-flight operations.
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