1. You have just obtained a new insurance policy for your personal aircraft. You have $1,000,000...

 

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1. You have just obtained a new insurance policy for your personal aircraft. You have $1,000,000 combined single limit in liability coverage and $150,000 in hull coverage. On your first flight after obtaining the new policy, you crash the aircraft (it was your fault) and seriously injure a farmer on the ground. AWhat is the maximum amount that the insurance policy will pay out to the farmer? B) If the insurer determines that it will cost $200,000 to repair your aircraft, how much will the insurer pay you for the damage? C What will the insurer do with the aircraft? 2. Name the four legal agreements associated with fractional ownership. 3 Name some of the biggest challenges that the Urban Air Mobility/Advanced Air Mobility industry needs to address before there will be widespread adoption of EVTOL aircraft. 4 What did the Cape Town Convention of 2006 establish? 5 Name two implied warranties. 6. If an aircraft has an MGTOW of more than 12,500 pounds, what must be included in a dry lease under Part 91? What provision of Part 91 governs this? What are the notification requirements contained in that provision? 1. You have just obtained a new insurance policy for your personal aircraft. You have $1,000,000 combined single limit in liability coverage and $150,000 in hull coverage. On your first flight after obtaining the new policy, you crash the aircraft (it was your fault) and seriously injure a farmer on the ground. AWhat is the maximum amount that the insurance policy will pay out to the farmer? B) If the insurer determines that it will cost $200,000 to repair your aircraft, how much will the insurer pay you for the damage? C What will the insurer do with the aircraft? 2. Name the four legal agreements associated with fractional ownership. 3 Name some of the biggest challenges that the Urban Air Mobility/Advanced Air Mobility industry needs to address before there will be widespread adoption of EVTOL aircraft. 4 What did the Cape Town Convention of 2006 establish? 5 Name two implied warranties. 6. If an aircraft has an MGTOW of more than 12,500 pounds, what must be included in a dry lease under Part 91? What provision of Part 91 governs this? What are the notification requirements contained in that provision?

Answer rating: 100% (QA)

Answer 1 The maximum amount that the insurance policy will pay out to the farmer is 1000000 The insurer will pay you 200000 for the damage to the airc... View the full answer