Aircraft Insurance Fundamentals

Book excerpt: Aircraft Insurance Fundamentals: A Concise Guide For Aircraft Owners and Operators: Revised and Expanded 2nd Edition, by Timothy K. Bonnell Jr., is a practical reference for navigating the world of aircraft insurance. Readers will learn why aircraft insurance is unique from other areas of insurance, what affects aircraft insurance rates, how to read an aircraft insurance policy, and how an aircraft insurance underwriter determines premiums. After reading this book, readers will have a general understanding of what is and isn't covered by an aircraft insurance policy. This revised and expanded edition includes comprehensive insights into insuring Unmanned Aerial Systems (UAS or drones), as well as the rapidly advancing sectors of Advanced Air Mobility (AAM) and electronic vertical take-off and landing (eVTOL) aircraft. This edition not only revises existing content but also introduces crucial new sections designed to equip readers with the knowledge to navigate the complexities of modern aviation insurance.