Yes, for damage occurring while the aircraft is in your care, custody, or control. The limit needs to reflect the most valuable aircraft you accept and the total value that can be in one hangar at once, because a single hangar fire can involve every airplane inside it.
Related FAQs
Airport identifier and ownership structure, annual operations and based aircraft counts, runway and pavement detail, a statement of values for buildings and ground equipment, annual fuel gallons by type, hangar ...
Common exclusions or sublimits include war and terrorism, noise and nuisance claims, flood, gradual pollution, unmanned aircraft operations, and liability assumed under contract beyond the policy's terms. Several can be ...
Usually not under the base policy. Air shows, races, skydiving, balloon events, and large public gatherings are typically excluded and insured separately with event-specific limits. Arrange coverage before the event ...
Closely. Underwriters look at gallons by fuel type, self-serve versus attended fueling, truck age and condition, training and documentation for line staff, tank construction and containment, and your misfueling controls. ...