For the purposing of aircraft rating, risks are divided into what three categories?
- Privately owned aircraft, not used for hire
- Commercial aircraft (excluding instruction and rental)
- Commercial aircraft (including instruction and rental)
Identify three aircraft (hull) coverages available:
A) All Risk
B) Ground and Taxiing Risk
C) Ground Risks Only
Identify 3 instances the aircraft is considered to be “in motion”
- It is in flight
- Moving under its own power, or by momentum generated by its own power
- A propeller or rotor on the aircraft is caused to be rotated by its engine power
Identify three different deductibles applicable to aircraft policies
- In motion deductible
- Moored deductible
- Not in motion deductible
What is the lay up endorsement and how can you become eligible for it?
It provides a refund of the portion of the premium when the aircraft is not used for extended periods of time
- endorsement must be purchased on date of inception
- reports of lay-ups must be provided within 90 days of expiry
Refund withheld under policy expires
What is the detached under carriage endorsement
Provides coverage for hull ground risks on wheels, skis, or floats when detached from the aircraft and not in use
What is the effect, if any, on the existing insurance policy when an unapproved pilot operates the aircraft?
No payment for losses, unless:
-it is being tested by a pilot employed by transport Canada, or
-being operated by a pilot who’s providing an approved pilot with upgrading flight instructions,
-the plane may started and operated by a competent person, while not in flight
List two exclusions applicable to ALL coverages
- War, seizure or hijacking
- Unapproved pilots
List three items in the pilots record report
- Class of licence and endorsements
- Total hours as pilot in command
- Record of all accidents in 5 year period
Identify 5 similarities between marine cargo and air cargo insurance
- Liability of air carrier limited by law
- Valuation
- Coverages
- Exclusions
5, rating
