What is a unique characteristic of Aviation Insurance Policies?

Aviation Insurance Policies are distinct in that they typically include both Hull Coverage and liability coverage as standard components. Hull Coverage protects the physical aircraft itself against damages, while liability coverage protects the insured against claims arising from accidents, injuries, or damages to third parties. This dual coverage is key because aviation activities carry unique risks compared to other forms of insurance, necessitating protection for both the aircraft and liability associated with its operation.

The inclusion of these two types of coverage helps address the comprehensive nature of aviation operations and the high value of aircraft, making it essential for policyholders to have both protections in place within their aviation insurance policies. This characteristic sets aviation insurance apart from more conventional insurance products that may not offer the same bundled coverage or comprehensiveness.