Aviation insurance is insurance which is designed specifically to meet the needs of aviators. There is a number of aviation risks which are insured by different types of Aviation Insurance Policies .The Policies commonly provided are as follows:
• Loss of or damage to the aircraft caused by accidents while the aircraft is in flight, taxiing or on ground.
• Disappearance of the aircraft, if it is unreported for sixty days after the commencement of the flight
• Supplementary/ Emergency expenses reasonably and necessarily occurred for
( i) immediate safety of the aircraft consequent upon damage or forced landing
(ii) Search and rescue
(iii) Runway Foaming
(iv) Wreck Removal