Insurance & Reinsurance Brokers at Lloyd’s
+44 (0) 20 7977 5700

News

What is a Deductible/Excess?

4 November 2020

Quite simply, if you insure an aircraft and it gets damaged, the 'Excess' is the amount of money that you have to pay in the event of an insurance claim…
Read Full Article

Does the insurance policy have to be in the name of the registered owner?

4 November 2020

Not necessarily. The regulation requires that insurance cover, in compliance with the regulations, exists for each and every flight. As long as the cover is sufficient in all respects for…
Read Full Article

What is the definition of a “passenger”?

4 November 2020

A passenger is defined in the regulation as follows. ‘Passenger' means any person who is on a flight with the consent of the air carrier or the aircraft operator, excluding…
Read Full Article

How to calculate the number of passenger seats?

4 November 2020

The number of passenger seats, not including the pilot…
Read Full Article

What is the definition of hull flight risks coverage?

4 November 2020

Hull flight risks offers all of the ground risks coverage above but also includes engine running, taxiing and flight risks…
Read Full Article

What is the definition of hull ground risks coverage?

4 November 2020

Hull ground risks insurance would cover the aircraft whilst it is parked with the engine shut down, against fire, theft and vandalism and in the case of Microlights would also…
Read Full Article

My aircraft is not currently flying, does it have to be insured?

4 November 2020

No, but it must be insured to the minimum levels before any flight is undertaken…
Read Full Article

Will the CAA issue a certificate to confirm that an aircraft is insured in accordance with the Regulation?

4 November 2020

No. However, If evidence of insurance is supplied as part of the registration process, or in response to a request for evidence, the Aircraft Registration Section will confirm in writing…
Read Full Article

Whats is an SDR?

4 November 2020

SDR means “Special Drawing Right” as defined by the International Monetary Fund. The full description of the SDR can be found at the IMF website. Briefly, the SDR serves as…
Read Full Article

How do I work out what the minimum insurance requirements are for my aircraft?

4 November 2020

The G-INFO database has an estimate of the minimum insurance requirements, in SDR’s and Pounds Sterling, based on the maximum take-off weight of the aircraft and the…
Read Full Article