Voluntary civil liability insurance of owners of aircrafts involves indemnity to third parties (Beneficiaries) for damage to life, health or property of third parties (beneficiaries) in the operation of the aircraft by the Insured.
Insurance risks:
- Causing harm to individuals or legal entities in accident or incident.
Insurance premium
The insurance premium is determined based on the size of insured sum and tariff rates. Premium rates may be differentiated in terms of the factors influencing the risk of the insured event (aircraft age, technical condition, maintenance conditions, and so on).
Tariff rates under voluntary civil liability insurance of owners of aircrafts
Name of risk group (type) and risk factors | Rate (as % of insurance amount) | Rate (as % of insurance amount) | Rate (as % of insurance amount) |
Name of risk group (type) and risk factors | Minimum rate | Base rate | Maximum rate |
Full package | 0,02 | 0,057 | 0,51 |
Deductible
Insurance contract specifies a deductible, which type and amount are determined by the agreement between the Parties and set either a percentage of the insured sum, or in absolute terms.