About the Service
Aircraft hull insurance (CASCO) protects the assets of airlines and aircraft owners by covering losses arising from damage to or loss of an aircraft.
Purpose of Cover
- Protection of the aircraft’s value against physical loss or damage
- Maintaining the airline’s financial stability following an aviation incident
Insured Events
- Loss of, damage to, or disappearance of an aircraft resulting from an aviation accident, fire, explosion, natural hazard, pilot error, or malicious acts by third parties
Scope of Indemnity
Includes, but is not limited to:- Aircraft repair or replacement costs
- Search-and-rescue expenses
- Recovery, transportation, and storage expenses for the damaged aircraft
