This policy covers the accidental damages and/or loss to the air hull and machinery. Also covers the crew members and passengers and third party liability etc. This policy issued to owners or bankers of the Aircraft. This policy totally reinsurance driven policy. The coverage includes fire or explosion, collusion etc. to the aircraft. There are few separate policies are issued on aviation insurance such as loss of baggage, delay in flight arrival and departure, delay in receiving baggage’s, loss of pass port, personal accident to crew members.

In addition to that few separate policies are issued for the ground stations such fueling station, anchoring etc. under aviation insurance.