Aviation assets like aircrafts, airports, hangars and ground equipment represent exceptionally complex and valuable property exposures. From private prop planes to wide-body jetliners, these high-tech assets cost millions of dollars and are critical to maintaining flight operations. However, their sophisticated engineering also makes them vulnerable to a wide range of perils, including weather risks and mechanical failures. When loss events occur, having access to experienced technical experts at the very outset of a claim is key. Aviation property claims require specialized expertise to thoroughly investigate causes, accurately determine scope of repairs, set reserves, and facilitate rapid recovery.
This paper provides an in-depth overview of the exposures facing aviation property and the differentiated capabilities required to successfully manage claims.
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Tags: property