4 Aircraft Insurance Quiz

Aircraft passenger voluntary settlement coverage, also known as admitted liability coverage, pays benefits to a passenger only if the passenger released the insured from bodily injury liability and if Select one: A. The insured asks the insurer to pay them. B. The passenger is dismembered. C. The passenger incurs medical expenses. D. The passenger asks the insurer to pay them.

A. The insured asks the insurer to pay them.

Does coverage for All risks—not in motion cover taxiing?

Thus, coverage applies while the plane is being towed, because it is not moving under its own power.

Passenger voluntary settlement coverage, unique to aircraft insurance, is also known as Select one: A. Admitted liability coverage. B. Hull insurance. C. Protection and indemnity insurance. D. Pilots liability coverage.

A. Admitted liability coverage. CorrectCorrect. Passenger voluntary settlement coverage, unique to aircraft insurance, is also known as admitted liability coverage.

Aircraft medical payments coverage is similar to the medical payments coverage available in which other type of insurance policy? Select one: A. Auto B. Health C. Commercial general liability D. Disability income

A. Auto CorrectCorrect. Aircraft medical payments coverage is similar to the medical payments coverage available in auto policies.

Except for policies covering airlines, aircraft policies cover which one of the following? Select one: A. Only the plane or planes specifically described in the policy B. Any aircraft used by the named insured C. Aircraft in a fleet, on a blanket basis D. All aircraft owned by the named insured

A. Only the plane or planes specifically described in the policy CorrectCorrect. Except for policies covering airlines, aircraft policies cover only the aircraft specifically described in the policy.

Aircraft liability coverage typically contains these exclusions:

Aircraft liability coverage typically contains these exclusions: a. Intentional injury b. Liability assumed under contract c. Bodily injury to an employee of the insured. d. Obligations under workers compensation or similar laws. e. Claims caused by war, strikes, riots, labor disturbances, terrorism, sabotage, hijacking, or unlawful seizures. f. Damage to property owned, leased, occupied, controlled, or under the care of the insured. g. Claims by one employee against another, referred to as the fellow-employee exclusion. T

The two most common aircraft hull coverages are these:

All risks—ground and flight All risks—not in motion covers the insured plane only when it is on the ground

Aircraft insurance differs from auto insurance in which one of the following? Select one: A. Aircraft insurance is usually written on a blanket basis B. Operators (pilots) are required to provide a strict medical certification C. Aircraft insurance is provided with standard policies D. Aircraft insurance is offered only through state insurance pools

B. Operators (pilots) are required to provide a strict medical certification

The two most common aircraft hull coverages are all risks-ground and flight and Select one: A. Named perils-not in motion. B. Blanket coverage. C. Named perils-ground and flight. D. All risks-not in motion.

D. All risks-not in motion. CorrectCorrect. The two most common aircraft hull coverages are all risks-ground and flight and all risks-not in motion.

Like auto liability insurance, aircraft liability coverage is usually not subject to which one of the following? Select one: A. A coinsurance clause B. A small deductible C. Excess limits or policy sub-limits D. An aggregate limit

D. An aggregate limit

Aircraft physical damage insurance is also referred to as Select one: A. Flight insurance. B. Aviation coverage. C. Protection and indemnity insurance. D. Hull insurance.

D. Hull insurance. CorrectCorrect. Aircraft physical damage insurance is also referred to as hull insurance.

Which one of the following statements is true regarding aircraft liability insurance? Select one: A. Cargo carriers are rarely required to meet experience-hours requirements for pilots-in-command. B. Obligations under workers compensation laws are covered. C. Separate limits must apply to bodily injury and property damage. D. Insurers may impose a sublimit on claims by passengers.

D. Insurers may impose a sublimit on claims by passengers. CorrectCorrect. Insurers may impose a sublimit on claims by passengers.

Except for policies covering airlines, aircraft policies cover which one of the following? Select one: A. All aircraft owned by the named insured B. Aircraft in a fleet, on a blanket basis C. Any aircraft used by the named insured D. Only the plane or planes specifically described in the policy

D. Only the plane or planes specifically described in the policy

A commercial airplane is taxiing on the approach to the runway when it collides with a stationary object, causing damage to its wing. The plane is insured by an all risks-ground and flight aircraft hull policy. Which one of the following statements is true regarding coverage for damage to the plane's wing? Select one: A. The loss is not covered because the plane was taxiing to the runway instead of being towed. B. The loss is not covered because the all risks-ground and flight policy covers losses only while the plane is in flight or not in motion. C. The loss is covered because commercial use voids the physical damage exclusions. D. The loss is covered because the all risks-ground and flight policy covers losses while the plane is in motion.

D. The loss is covered because the all risks-ground and flight policy covers losses while the plane is in motion.