1. define insurance premium, insurance claim, insurance deductible, and insurance policy.
2. What does aircraft hull insurance cover?
3. An aircraft is in an accident, was fixed, and is now worth less money than before. What type of claim could potentially be filed?
4. Explain a total loss or a 'totaled' aircraft after an accident.
5. What is the difference between public liability verses passenger liability insurance?
6. You and a friend are both private pilots. Your friend borrows your aircraft and has a minor accident. He is not listed on the insurance policy and there is no approved use clause. Will the insurance company cover your accident?
7. Please go back to the video and pause at 34 minutes 30 seconds (https://youtu.be/bG7WEKvJwnM). There should be two tables on the screen. Using the tables, how much would it cost for bodily injury/property damage liability ($1,000,000/$100,000) and damage to rented aircraft liability $100,000? Assume you are an AOPA member.

Answer rating: 100% (QA)

1 Insurance premium is the amount paid by the policyholder to the insurance company to obtain covera... View the full answer