# fiVIfiTIOtl ' 

# lrtSURAHCE

October 5, 2015 

# Costello Insurance Associates, Inc.

CVT Marketing a dba of Tim Fleming 

## 18 696 Autumn 

## Lake Blvd Hudson, FL 24667 

### Dear 

## Mr. Fleming: Enclo sed please find your aviation in surance policy. Please READ your policy. In the event of loss or if

### there is any change in the conditions ex isting at the time policy was written, please n otify u s at on ce. The following is a list of employees and how they are equipped to serve you. To expedite your call, please ask for the appropriate person based on your need : BARBARA BOWDEN or RILEY CLARK: New business quotes, mid-term change s, accounting questions , billing problems, address changes, verification of coverage to lienholders , how to complete applications an d other forms we provide you, cancellation requests , and other basic service needs. SUE MCFADDEN: Glidersffowplanes
-- new and renewal business, mid-term change s on g lider policies , coverage questions, claims, adding/deleting 

### a pilot/plane , 

### etc. PAT COS TELLO : Pat is the agency owner and is responsible for fast, efficient service. Feel free to call h im 

### on any matter. Pleas e keep thi s with your policy and refer to it whenever you intend to call our agency. T h e staf f is cross-trained and 

## if the person yo u initially req ues ted is on the phone , anyone in the department can assist yo u. Thank you f o r the opportunity of servin g you. W e are in business to 

### serve and 

### pr otect yo ur interests.
Be s t Regards Riley 

## Clark 

## y

P. 0
. BOX 28280 I 

### 428 

### E_ SOU THERN AVENUE I 

### TEMPE, AZ
. 85285- 8280 

### TEL: 480 -9 68 -77 46/800 - 528 -6483 I 

### FAX : 480-967 -3828 / i n s u re @aviation i .co m

# HCC U.S
. Speci a lty Insura nce Compa ny 5 601 Gra nite Par k w a vr Su ite 11 00 Plano, TX 7 5024 main 469
-633·7400 · fac;imile 46 9-6 33·7470



# Aircraft Insura n ce Policy

by U .S. Specia l ty In su ranc e Comp an y

# AIRCRAFT INSURANCE POLICY COVERAGE IDENTIFICATION P AGE 

# U. S. SPECIALTY INSURANCE COMPANY YOUR POLICY NUHBER 

# Pri or Poli cy No . A C 300 5 3 76 - 00 I A C!Ull'L",L STXK C0:·1PJ>J;y I l'.DmN IS TPJ \ ':'1'.'::; OFfiCES : 134:•3

**NORTHI~t:s·:** ? B .2"':o:· i;._y I HOUS T ON,

**EX~.S**
**77 ~0**  **-6094**

. · . :; . 

### ITEM 

## Ni\1\lE INSURED ]
. C VT Marke tin g a d ba o f Ti m Fl e ming



## ;--t

**_.•~. :**  

# YOUR P . DDR ESS

·A 18696 Aut u mn Lake Blvd Hudso n, FL , 24667 

# YOUR AGENT'S NAME AND ADDRESS Coste llo I nsurance As soc iates, I nc_ 

### Post Offi ce 

### Box 28 280 Tem pe , AZ, 85285


## } P OLIC YPERIO D : lU:.

_ r, _:-;, STlu'l!J,i\ RC Tn-J E. A'!'



### YCI~P. _ Z:,3C' -i f.: ." .J CRE:S S fROX : 09/25 / 201 5 T . A. , v . 09/25 / 20 1 6 I '



## -·: 

# LOCA TION O F

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IPT ION O

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. of the



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**;: :~1~~'~rlimt1**  ·;;: UAV001 2015 YUN EE C TYPHO O N Q500 4 K S ERIAL# YU 15 261 538B 04 B01 0 $ $ $ :- ;:.: 

## COVERAGE S At;D L F ITS OF

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. [i•H:e:::e no arr .ounc is

**s!:c~• r.,**  no ::::c ·•era ge is pr ovided:

UAV0 01 each perso n each occurre n ce $ $ $ EXclu di n g Passengers $ $ $ $ 500, 000 $ $


## ·· •

A.NNUAL PR.Bf · l i UMS : ·Your cost for



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. UA V001 5 95 $ 595 i • •. ______ _.._____ ._ _ _ _ __._____ _._ _ _ _ __.____ _ .J._

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### s9s

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RMS:

F orm N a m e F o rm Ve rs i o n A l P 1 68 0 (08/10) A l P 1 195 (0 8/ 1 0 ) A I P 1 210 (08/10) A lP 1 1 0 5 (0 8 /10) Al P 1 441 ( 08/1 0 ) A I P 1 310 (04/1 4 )
'- AlP 10 2 9 (08/ 1 0) 

### A lP 1 1 0 6 (08/ 1 0) Fo r m T i t l e PROTEC TI N G T H E P R IVACY OF I NF ORM AT I O N WAR H IJAC K I N G A N D O TH E R P ER IL S E X CL USION S TAT E OF F LO R I DA CAN C E L LAT I O N AN D NO N R E NE WAL A ME N DATO RY A I RC RA F T P O LI CY C ON D ITIONS H ELICO PT E RIROTO RC RAFT FL OR I DA INF ORMATION N O TI CE P O LIC Y CH A N G E S 

### Do c u m ent N um be r : 69 3 716 

### P ag e 1 of 3 Farm Pr e miu m

# AIRCRAFT INSURANCE POLICY COVERAGE IDENTIFICATION PAGE 

# U. S. SPECIALTY INSURANCE C O

MPANY YOUR P OLICY NUMBER AC3005376 -0 0 I A ::.".PI:'! · ,L 

## sm:::.: c::ilE".NY I AD"INISTRAT : VE

**:JF i::~S:**  :3403

**'IOR'IE~~SST** E'F.ZE':Ii';':' I

**HOU~TO~**

**, ~3XJl.S**  

### T!C4G-c03q



### A! P 1 1 06 (08/ 10) Docu m en t Number : 6937 1 6 

# P r

ior Policy No .

Page 3 of 3

### THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. This endo rsem ent is issued by U .S. Specialty Insu ra nce Company Po li cy number: A C 3005376 - 00 Endorsem e nt numb e r: I ssue d to (firs t Nam e d Insu r e d): CVT Marketing a dba of Tim F leming Effect ive : 09/25 1 2015 For: premium of$ ( if no entry appears above , info rmation r equi red t o comp le te t hi s endorsement wi ll be shown in the Declarations as app lic ab l e to thi s e ndorsement.) 

### AERIAL PHOTOGRAPHY
1. This endors e ment amends Item 10
. of the Coverage Id entif icati on Page - TH E USE OF T HE AIRC R AFT - to i nclude the following use: Your aerial photography for wh ic h you m a ke a c h a rge . 2. 

### In addition to 4
. 

### What Is Not Covered under PART THREE- LIABILITY TO O THERS- we also do n ot cove r property damage to cameras o r other photography equipment. 3. 

### Under PART TWO- AIRCRAFT PHYSI CA L DAMAGE- we will not pay for physical l os s of or damage to cameras or photograph y equipment whether attached to your aircraft or not. This endorsement applies to all aircraft covered by your policy unless the fo llowing informatio n is c o mpleted
. This endorsement a ppli es t o the following aircraft:

NOTHING HEREIN CONTAINED SHALL BE HELD TO VARY, ALTER OR EX TEND ANY OF THE TERMS , CONDITIONS OR AGREEMENTS OF THE POLICY OTHER THAN AS STATED ABOVE. A lP 11 15 (08/ 1 0) Pag e 1 of 1THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. 

### WAR HIJACKING AND OTHER PERILS EXCLUSION 1. Your pol icy doe s not cover an accident or occurrence c aused by : a. War inv a sion , acts of foreign enem i es, hostilities , (whether war be declared or not), civil war, rebe lli on , revolution, insurrection , martial l aw, m i litary or usurped power or attempts at usurpation of power. b
. Any hostile detonation o f · any weapon of wa r employing atomic or nucle ar fission and/or fusion or other like reaction or radioactive force or matter. c. Strikes, riots , civil commotions or labor disturbances d
. Any act o f one o r more persons whether or not agents of a Sovereign Power, for political or terrorist p urposes and whether the loss or damage resulting therefrom is accidental or intentiona I. e. Any malicious act or act o f sa bota g e . f. Confiscatio n , nationa li zation, seiz ure, re straint, detention, appropr i ation. requisition for title or use by or und er the order of any Government (whether Civil, Military or de facto) or public or local authority
. g. Hija ck i ng or any un lawf ul seizure or wrongful exercise of control of your aircraft or crew in fl i ght (incl udin g any attempt at s u c h se izure or c ontro l ) made by any p e rson or persons on board the aircraft acting without the consent of you or anyone you permit to 

### fly your aircraft
. 2. Furthermore, this Policy does not cover an accident or occurrence ar i s ing whi l e the aircraft is outside your cont ro l or the con t ro l of anyone you permit to 

### fly your aircraft by re aso n of any of the per i ls stated in Paragraph 1 above
. Control of th e aircraft s hall be deemed to have been re stored upon its safe re t urn to you o r anyone you permit to fly your aircraft at an airfield that is entire ly suitable for t he operation of the aircraft and w it h i n the geogra p h ic area sta t ed i n Paragra ph 

### 5 of Part One - G ENER A L PRO VI S I ONS AND COND ITIONS. Safe return shall require that the aircraft be parked with engines shutd ow n and un de r no duress
. 

### 3. Paragraph 

### 4. 

### f. (war - co nfiscat io n ) of PART TWO- A I RC R AF T PHYS I CA L DAMAGE- i s de leted. 4. Paragraph 4. j. (war- confiscation) of PART THREE - LIABILITY TO OT HER S- i s de let ed.

NOTHING HE RE IN CONTAINED SHALL 

### BE HELD TO VARY , ALTER OR EXTEND ANY OF THE TERMS , CO NDI TIO NS OR AGREEMENTS OF THE POLICY OTHER THAN AS STATED ABOVE
. A IP11 S5 (0 5/ 10) 

### Page 1 o f 

### 1

### USSIC will not sell you r persona l i nformat i on to unaffi l iated third pa rti es nor w ill it p ro v i d e you r p erso n a l i nfo rma t i on to third pa rties, doing busine s s on U SS IC ' s behalf, for their own marketing purpose s . 

### Former customers If you end your re lationship with USSIC, we wi ll adhere to the i nformation polic i e s and pract i ce s d e s cribed i n th i s po li cy. 

### For More Information, Or To Opt Out You ha ve the right to opt o ut of or p revent the disclosure of non-pub l i c person a l f i nan cia l i nform ation to n o n-affi li at ed third parties
. This option applies to the insurance products and serv ices that USSI C p rovides to you . Presen t l y, USSI C does not share or exchange such information
. If you would like more info r matio n abou t yo u r o pt i o ns and ri gh t s to op t out of informa t ion sha ring , p l ease write to USSIC at the address prov i ded be l ow . U
. S. Sp
.ec ia lty In su rance Company 5601 Granite Parkway , Suit e 1 1 00 Plano, TX 75024 Your rel ati o nsh i p with U SS I C i s a way fo r you to recei ve necessary insurance at a reasonab l e cos t. We offer in novat ive product s and personal attention. At the same time, we work hard to protect the confidentiality and security of information
. Than k you for allowing US S JC to prov ide you with th e policies and services you need
.

A I P 1 68 0 ( 05 /1 0 ) 

### P a g e 

### 2 of 2THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. 

### FLORIDA INFORMATION NOTICE COMPLAINT NOTICE: Sho uld any dispute ar ise abo ut your premium o r abou t a c lai m t ha t you h a ve fi l ed , contact t he ag ent or w rit e to u s at 5601 G ran ite Pa r kway , Su ite 1 1 0 0 , Pl ano, TX 75 0 2 4 or call us at (8 00 ) 777- 2378
.

NOTHING HEREIN CONTAINED SHALL BE HELD TO VARY , ALTER OR EX TEND ANY OF THE TERMS , CONDITION S OR AGRE E MENTS OF THE POLICY OTH ER THAN AS STATED ABOVE. A l P 1 3 10 (04 /14) 

### P ag e 1 of 1THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.
Direct phys ical lo ss or d a mage to your aircraft a r i s ing , di rectl y or ind i rectl y , out of a certified act of t e rrorism. Su c h los s or dam a ge i s exclu ded re g a rdles s of any ot h e r cau se or event t h at c on t ri bu tes co ncu rren tly or in any se qu ence to t he loss
. 

### 2
. Ex ce pt i on C overing Cert a in Fire Los se s In th e state s of CA
. CT. GA. HI , lA , I L , MA, M E, MO , 

### NC
. NJ , OR , Rl, V A , WA , WI and 

### W V: If a certified act of terrorism r es ults in fire, we will pay f o r the loss or da ma ge ca u se d by th a t fire. S u c h c ove rage for fire ap plie s o nly to direct los s or dam a ge by fire to your in s ured aircraft. I f a ggregate insured l o ss es att rib utable to terrorist acts certifi e d und e r the T e rr orism Risk Insuran ce A ct ex ceed 

### $ 100 b i ll ion in a calend a r yea r a nd we ha ve m et our i n s urer d e du ct ib l e under the Terrorism Risk In s urance Act, we sh a ll not b e liable for th e pa yment of an y porti on of th e am o u nt of s uch losses th at exce eds 

### $100 billio n, and in su c h ca se, insured loss e s u p 

### to t h at am o unt a re s ubj e ct t o pro r ata a ll ocat ion in acco rdan ce with proce dure s es ta blish ed by the S ec re t ary of the T reas ur y. C. Under PA RT THREE - LIABILI TY T O OTHE R S - th e fo ll owin g exc lu s i o n is add e d : 1. T h is in s ur a n ce d oes not a p p ly to : Bodily injury o r property damag e ar i s i n g , dir ec tly or indirectly , o ut of a certified act of terrorism o r out of an other act of terrorism that i s com mitte d o uts i de th e U n ite d Sta tes ( i n clu d in g 1ts territori es and po ssess i o n s a nd P ue rt o Ri co}, but w ithin t h e po l icy geo g rap h ic area. Howeve r, thi s exc lu s i o n ap pli es o nl y wh e n o n e or m o re o f th e f o llo w i n g a re attr i b u ted to su c h a ct: a. The tota l of ins ure d d amage t o a ll t y p es of p ro p e rty exceeds 

### $ 25, 000 , 000 (v a lu e d in U
. S. do ll ars)
. I n dete rmining w h eth er th e 

### $25,000,000 th res h o ld is exce ed ed, 

### we wil l in cl ud e a ll i nsured property damag e sus t a i ned by a ll persons and e nt it i es affected by t h e te r ro r ism. For th e pu rpose of this provision , ins u re d dam a ge m ea n s damage t h at is c ove red by a n y i ns u ra nce p l us d am ag e t h at would be covere d by a ny ins u rance but f or th e a pp l ic ati on of an y t e rro ris m exc lu s i o n s; or b. F ifty or mo re p erso ns sustain d e at h o r seri ou s p h ys i c al i njury. Fo r t h e p ur po ses of th i s provisio n , se r ious p h ysical in j u ry m e ans: 

### ( 1 ) P hy s i ca l injury t hat i n volve s a subs t ant ial ri s k of d e ath ; 

### or (2) Protracted and o bvi o us p h ysi ca l d isfigurem ent ; o r (3) P rot racte d l os s of or imp a irm ent of t h e f u nct ion of a bodil y m e mb e r o r o rg an ; or c. The terr or i s m invol ve s the u se, re l ea se or e sca pe o f n u cl ear mater i a ls , o r direct ly or in di r ectl y res ults in n u cl ea r r eactio n or rad i at ion o r ra d i oact ive co n tami n ation ; o r d
. T he te rror i s m is ca rr ied o ut by m eans of t h e disper s a l or ap p lic at ion o f pat h o g e n ic or p o i sono u s b io log i c al o r ch e mica l ma te rials ; or e. Pat ho ge n ic o r p oi s ono us b iologi cal or c h emica l m ate r ia l s a re r e l eased, an d it appears that one p u r p ose of the terroris m was to re l ease s u c h mate ri a l s . W i th resp e ct to this exc l usion, Paragra p hs 

### 1.a. and 1.b. d e sc ri be t he t h res h o l ds u se d to m eas ure th e mag ni t u de of a n inc iden t of a n other act of terrorism and the circumstances in whic h t he thres h o l d w ill a p p ly f or t he p urpose of de t er m in i ng wh eth er t h is excl usio n w ill apply to t hat inc id e n t. D
. Ap p l i ca t i on of Othe r Exclu s i o n s T he te rms a n d limit ati on s of a n y te rror i sm exc lu si on , or the inapplicability or omission of a terroris m excl u sion , do n ot serve to c reat e covera ge f or a n y l oss w hi ch woul d ot herwi se be exc l ude d un der t h is policy, such as l osses excl u ded by the Radiat i on or W a r- C o nfi scat i o n exc l us i o n s .

NOTHING HEREIN CONTAINED SHALL BE HELD T O VARY , ALTER OR EXTEND ANY OF THE TERMS , CONDITIONS OR AGREEMENTS OF THE POLICY OTHER THAN AS STATED ABOVE
. Al P 1 88 1 (0 1 / 1 5) Page 

### 2 of 

### 2

## WHERE TO FIND COVERAGE IDENTIF IC ATION PA G E Insuran c e company n ame Y ou r po li cy nu m ber P rior policy number Your ag e nt's n am e and add re ss 

### 1
. Na m e d i nsur ed 2. Your address 

### 3 . Yo u r po l icy p eriod 4. · Locat ion o f ai rcra ft 

### 5. Descript i on of aircraft and phys ical dam a ge co v e rage 

## PART ONE 6. Cove ra ges and l im its of liab i lity 7
. Pre m i um s 

### 8. Endorsements attached when po l icy issued 9. The pilot fl y i ng t he a i rcraft 

### 10. T he use of the a i rcraft 

### 11
. Additional interest S ig natu res o f a n a uthori zed repres e nt at ive

G ENERAL P R O VISIONS AND CONDITION S (Starts on Pa g e 3 ) 1
. Wo rd s and p hrases 9. Oth e r coverage 

### 2. Ou r obligat io n s and you r dut i es 1 0
. T rans fer of inte rest in your po li cy 3. The pilot fly i ng t he a i rcraft 

### 1 1. Our r igh t of recovery 

### 4. The u se o f th e ai rcraft 12
. St at e insurance stat u tes 

### 5. Whe n and where yo u a re cove red 

### 1 3. Legal act ion aga i nst us 

### 6. If you have a n accident or occurrence 

### 14. Concealment or misrepresentation 7. C han g i ng y o u r pol i cy . 1 5. In specti on a n d aud it 

### 8. Ca n ce ll ing your po l icy 

## PART TWO AIRCRAFT PHYSICAL DAMAGE (S ta rts o n Page 5) 1 Wha t we cover 6 . When we will pay 2. W h a t yo u must pay or bear (ded u ct i ble) 7. Theft 

### 3. What we w ill pay (less deductible) 8
. Disappearance 

### 4. What we w ill n o t pay 5
. W h at you must do



### 1. What we cover 2. Who is p rotect e d 

### 3. Who is not protect ed

1
. W h at we wi ll pay 2. Whom we will pay 3. What we will not pay 9
. Reins t atement of coverage 

## PART THREE LIA B ILITY TO OTHER S (S ta rts o n P age 7 ) 

## PART FOUR M E DICA L E XPE N S E

( S t a rt s o n Pa ge 9)



## PART FIVE 4
. What is not covere d 

### 5
. Addi t ion a l p rotec t io n

4 . Effect of pay me nt 

### 5. Pro of of c l aim 6. Legal action for medical expense SPEC I A L PRO VI SIO N S AND CON D ITI O NS ( Sta rt s on P age 9 ) 1. N ew ly acq uired a i rc r aft 4
. We will provide you with 2. Temp ora ry us e of substitute aircraft 5. What we will not cov e r 3. Use of a n other a irc raft 

## ENDORSEMENTS

AlP 1105 (08/1 0) 

### 2debts you owe under this policy from any paym ent we make. 3. The Pil ot Flying the Aircraft You mu st make ce rtain that the pilot operating the aircraft in flight meets the requirements shown in Item 9 of the Coverag e Identification Page. T here is no coverage under the policy i f the pilot does not meet these requirements. 4. T he use of the Aircraft You must m ake cert ain that the ai rcraft is used for the purposes stated 

### i n item 

### 1 0 of the Coverag e Identifi ca tion Page. There is no coverage under the policy if the aircraft : a. Is used for a ny purpo se not stated in It e m 

### 10 of the Coverage Identification Page ; 

### b. Is used for any unlawful purpos e; c. Use req uires a s pecial permit or waiver from the FAA ; d. Airworthiness ce rtific ate is not in full f o rce and effect or ha s been converted t o rest ri cted o r experime ntal unless stated i n Item 

### 5 of the Cove rage I dentification Pa ge . 5. When and Whe re You a re Covered You are cov ere d during the policy period s hown in It e m 

### 3 of the Coverage Id e nti fication Page wh il e th e aircraft is within th e United S tates (excluding Alaska and Hawaii), Canada, Mexico, or whil e enroute be tw een these points excl ud i ng U.S. Sa nctioned Co untri es. 6. If You Have An Accident o r Occurrence In the event of an a ccide nt or occ urrence. you a nd anyone we protect must: a . I mmed iate ly notify us describing how , when and where the accident or occurrence ha ppened and giving name s and addresses o f witne sse s, inju red perso n s a nd a ll person s aboard the aircraft ; b
. Cooperate with us in the investigation , settlement or defe n se of a ny cla i m or s uit ; c . Answer und e r oat h , questions asked by us or a ny o n e we des ign ate; d
. Imm e diately s e nd u s copies of any n otices o r legal pap ers that you rec e ive;

A l P 11 05 (08/ 1 0) 4 e. He lp us in obtaining and g 1 v 1

ng evidence, atte n ding heari ngs and t r ials , and gett in g witnesses to testify ; f. I m medi a te ly noti fy t he po li ce i f your aircraft o r any part of i t is stol e n o r vandal iz ed
. In the event of an accident or occurrence, you and anyone we prot ect must not: 

### g . Make any statement about the accident or occurrence to othe rs without our permis sio n, excep t to government autho rities making an offic ial in vest iga t io n ; h
. Make any voluntary pay me nts, assume any obligation or in cu r any expense w it h out our perm i ssio n , exce pt for e mergency first aid to o thers and prot ection of your aircraft from further loss. 

### 7. Changing Your Policy If you wish to change anything in your policy, you or your representative should contact us . b ut no change occurs until you or your rep resen tative is not ifi ed by us of our agreement to the change. 

### 8. Cancelling Your Poli cy You may canc e l your po licy at any time by telling us in writing in advance 

### of the date you want your coverag e to e nd. We wi ll compute the pre mium ea rned by us u s ing the customary short rate table. We ca n cancel this policy at any time by ma ili ng or deliv e ring a notice o f cance ll at i o n to you at the address shown in Item 

### 2 of the Coverage Iden t ification Page at l east: a. 1 0 days before the effect ive date of cancellation i f 

### we ca n cel fo r non payment of premium; or b
. 30 da ys befo re the e ffe ct ive date of cance ll at io n if w e ca ncel f or any other reason. Proo f of ma i l i n g or delivery of the n ot i ce is suff ic ien t proof of no tice. We wi ll comp u te t h e premium earned by us based on 

### the p ercentag e of the origin al policy period that w e provided cove rag e . If , howev e r , we pay or have paid as much as t he agreed value l ess the appl i cable deductible under the Aircraft Phys i cal D a mag e Coverage, we are en t it l ed to t he tota l A irc raft P hysical Damage premium s hown on t he Cove rage Id e n ti fi cat ion P age for the aircraft on which we made 

### the payment. You agree to pay any premium that m ay be due o r pe rm it us to deduct such p re miu m fro m our lo s s payment. W e w ill re t urn to you any premium you have paid that we have not e arne d , bu t mak ing t he refund i s no t 

### a cond it i o n of ca n ce ll at ion
.

### (2) An accident in vo l vi ng a n other aircraft we insure exc ept tho se we i n su re for you; (3) An accident when th e d i sma ntle d aircraft i s being t r an spo rted
. 3
. What We Wi ll Pa y ( Less D e ducti b le) a. Des troy e d Aircraft If the cost of r e pair whe n added to the val u e of th e aircraft after it is d ama ge d and prior to repai r s e quals or exce eds th e ag reed va lue i t is a destroyed a ircraft
. If your a ircraft i s de stroyed , we will pay th e agreed value of the aircraft l e ss th e app li cab le deduct ibl e . We w ill take the destroyed aircraft. b
. D a ma ge d Aircraft If your aircraft i s d a maged and not destr oye d, we will pay the r eas onabl e cost of repa ir afte r th e aircraft is repaired , but we w ill not pay m o re th an the agreed value less the applicab le ded.ucti b le. If your a ircraft i s dam age d by hail , we w ill pay th e reasonable cost of repa ir of the h a il damage th at affect s the airvvorthine s s of the aircraft , less th e applicable dedu ct ible
. We w ill not , h owever , pay more than 10 % 

### of th e agreed value , le ss the app licab l e dedu ctible , for hail d a m age th at d o es n ot affect th e airworth ine ss of th e aircraft
. Paymen t for hail damage will be ma d e after the aircraft i s repaired
. If the esti m at ed cost of repair, including a ny amount payab l e for h a il damage not affect i ng th e airworth i ness of the aircraft , is more tha n th e agreed valu e of the aircraft, w e will pay th e agreed value l ess th e app licab le d educt ib l e an d w e w ill t ake the damaged ai rcraft
. Cos t of repair includes necessary l abor at strai ght time rate s, parts and mate ri al s of s i milar k i n d a nd qua l ity and the l east expens iv e t ra n sportation c h arges nec essa ry to th e re p a i r o f your a irc ra ft a n d it s return to th e place whe re th e damage o ccur red o r t he home ai rp ort whi che ver is n eare r . If you perfo rm y our own re pai rs you ag ree t o s u pply m at e r ia l , p a rts and labo r a t your cos t, exc luding a ny overt i m e payments . We will in crease your l a b or at your lab o r costs by 50 % 

### t o h el p you defray your co st of over h ead a n d s upervi s i o n . 4
. Wh at 

### We Will Not Pay W e w ill n ot pay f o r p h ysi ca l los s of o r damage t o your aircraft: 

### a. Pilots and 

### U se Unless the requirem e n ts of the C overage Ident if ica tion Page regarding P il ot s ( It em 9) a nd U se ( Item 10) a re met: AlP 1 1 05 (0 8/ 10) 

### 6 b
. 

### Wear & 

### T ear Cau sed by we ar o r tea r , deteriorat i o n, f reezin g, m e c han i cal o r elect ri c a l b rea kd own or f a il u re , bu t we will pay for ot h er d i rect physical loss or damage to your aircraft t ha t re s ul t s f ro m any of t hese c au ses ; 

### c . Tires T i re s, un l e ss caused by theft or vandali sm , o r u n l ess the loss or da m age i s t h e resu lt o f other l oss or da mage we cover ; d
. 

### Seaplane- Amphibi an If it is equ i pped for water takeoffs and l an dings un less your aircraft is s tated to be a seap la ne o r amp h i bia n i n Item 5 of t he Coverage I d e n t if icat ion Pag e ; 

### e. Own ership If you lease, se ll o r mortgage all or some of your interest i n your aircraft unless all in t ere s t s of othe rs a re st ated in e it her I te m 1 or 1 1 of t he C overage Identification P age or in an Endor semen t ; f. 

### War - Conf i s c

atio n Caused by terrorist activities or arrest , restraint, seizu re , conf iscati o n, deten ti on by o r a t t he dir ect i o n of any government ; or caused by declared or undeclared w a r ; 

### g . R a diati on Directly or indirectly caused by o r arising out of i o n iz i ng r ad iat i o n s o r co n tam inatio n by rad io act i v ity from any source : h
. Embezzlemen t. C on versi on or S ecr e tion If anyone to wh o m you r e l inquis h possession of th e aircraft embezz l es, converts or secre te s t he aircraft. W e a l so will not pay for deprecia tion , l oss of use. l oss of profits , l oss of guaran ty o r wa rr a nty , or a n y ot h e r eco no m ic o r conseq u e ntia l da m age of a ny k ind
. 5. Wh at You Mus t Do If your aircraft i s d a m aged you mu st: a . Pro te c t the A ir c raft 

### Do a ll y o u ca n d o to p ro t e ct your a ircraft f rom further l oss. and w e will pa y you fo r al l reason a ble exp e nses you i ncu r in protect in g i t. 

### I f you do no t , we w ill not b e re sp o ns i b l e f o r furth e r los s ; b
. Pro of of L oss G ive u s a swo rn P ro of of Loss s tate m e n t with i n 9 0 days of th e l o ss ; 

### c . S l 1

ow U s t h e Physi cal Dama ge Show us t he p hysical damage to your aircraft b ef o r e repa ir o r d i spos it i o n;

### Item 6 of the C ove ra ge Id en t if icat i on Page do not increase regardles s o f 

### th e number prote cted. 3. 

### Who i s Not P rote cted Your bodily injury and property d ama ge cove rage does not protect: a. 

### Em ploy ees A n y emp l oyee for inj u ries to any perso n who is in the cours e an d scop e of em ploy men t by the sam e e mploy er ; b. 

### Aviation Busin ess Activitie s Any p erso n or o rgan iza tion , or employee o r age nt thereo f , other t h an you a nd any of yo ur employees while in the scope of his or her em p l o yment whom you permit to fly your aircraft, th at m a kes , se ll s , ren t s , repa i rs or services a i rcraft o r co mp one nts, ope rat es an airpo rt fa ci l i ty , or provid es in str uction , pi l ot or flight se rv i ce , where an occurren ce ar i ses ou t of any of these activities ; 

### c . Student Pilots Any student pilot us ing the aircraft under any rental agreem en t or t ra ining program for wh ich a cha rge is made fo r such use . d. 

### Renter Pilots A n y r e nte r pilot. 4
. 

### What I s Not Co vered We do not cover a n y : a . P ilots 

### and Use Bodily injury or property damage unl ess th e requirem e nts of the C overage Identification Page regard in g P ilot s ( Item 9) 

### a nd U se (It e m 1 0) 

### a re met; b. 

### E mployees Bodily injury to a ny p e rson i n the co ur se and scope of emp l oyme n t e ith e r by you o r by anyone we protect. 

### c. P rop e rty 

### P rop e rty dam age t o property you or anyone w e pro t ect ow n s , has ch a rge of or tran spo rt s ; d. 

### C ro

ss Lia bility Bod il y injury to yo u . 

### e . Intention al Act s B od ily InJury or prop e rty damag e th at i s in tent i o nally c au s ed by yo u or anyone we protect unl e ss don e while in flight to prev e nt d a ngerou s i nterfe ren ce w it h t h e ope rat i o n of th e aircraft ; f. 

### Ass um ed Li ab ilit y 

### Bodily in jur y o r prop e rty damage l ia bi l ity that you o r anyone we p ro t ect has a greed to a s s u me fo r ot h e rs ; A lP 1 1 0 5 

### (0 8/ 10) 

### 8 g. O w n e r sl1ip 

### Bodily injury or 

### prop erty damage liabilit y if you lease , sell o r mortgage all or some of your intere st 

### i n your aircraft u n l ess a ll i nte rests of o the rs are sta t ed in It em 

### 1 or 

### 11 of t h e Coverage Ident if i ca ti o n P ag e or in an E ndo rsement ; h
. 

### Rad ia tion Bodily injury o r property damage that is di re ctly or indi rectly cau sed by o r a ris es o u t of i o ni z i ng radiations or contam inat i on by rad ioactiv ity f rom any so urce; i
. Noi se, Pollu tion , El ectrica l a nd Ot her In terf e rence 

### Bodil y injury o r property da ma ge that i s di re ct l y or indi rectl y ca u sed by o r ari ses out of : ( 1 ) Noise , vi brati on or sonic boom ; (2) 

### Pol l ution an d/or co n ta m i nati o n of an y kind ; (3) 

### E lect rica l a n d/o r e l ectromagnetic i nterference ; (4) 

### I nterference w ith the use of property ; un l e ss caused by or r esult ing f ro m an accident; 

### j. War- Confis cation Bodily injury or property da mag e t h at i s d i rectly or in d i rectly caused by o r ar is ing ou t of te rror i st activ iti es or ar res t , restraint, seizure , confiscation, d etent i o n by o r at the direct i on o f any governm e nt ; o r caused by declared o r u ndec la re d war. 

### 5. Add ition al P rotect ion W e a lso provid e t he 

### f o ll owing additiona l protecti o n w ith each coverage unde r Liability t o Others (PAR T TH REE) as lo n g as we ha ve n ot pa i d , offe red to pay , or t e nd ered t he li mits o f liab il it y th at y o u purc h ase d : W e 

### w i ll : 

### a . D ef ense Defend, at o ur expe n se wi t h attorneys we choose, any cl ai m o r l ega l acti o n aga in st you a nd anyone we protect fo r bodily injury o r property dam age resu lting from an occurren c e w e cover . We may in v est ig ate , negot iate o r settle any cl a i m o r 

### l e ga l acti o n as w e el ect ; b. E xpen s e 

### P ay th e e xp en se and the co urt cos ts i n clai m s or leg a l act i ons we defe n d ; 

### c. Re imbur semen t Reimbu rse y ou and anyon e we prot e ct fo r a ll r ea so nable exp en s es incur re d at our re quest , b u t we will n ot p a y f o r l oss of e arn i ng s; d
. I n terest 

### Pay po st-ju d g ment i nt e r est o n the pa rt of a j udgment a g a i n s t you and a ny o n e we prot ec t t hat w e a re o b ligate d to p a y un til w e h ave m a de th e pa yme nt o r tend ere d o r d e posi t ed it in co urt ;b
. On N ewly Ac qu i re d A ir craft the same A i r cr aft Phys ica l Damage (PART TWO) c ove rag e and d e ductible a mounts as we d o on s imilar category and cla ss aircraft wit h the highest agreed valu e shown on your Coverag e Identification Pag e. The most we will pay for phy s ica l d a mage is the amo unt 

### you p ai d fo r the a ircr aft p l us the c ost for any repairs or addit io ns you ma de ; o r in th e ca se of a trad e- in, th e fair m a rket v alue of the a i rc raft plus th e co st of a ny re p a irs o r addit i ons you m a de. 5
. What is No t Covere d In addit ion to What is Not Covered in your poli c y , we w ill not cove r Tempora ry Use of Substitute Aircraft , Use o f Anothe r Aircraft or Newly Acq uired Aircraft : a. Unles s t h e requirements of th e Coverag e Id en tifi cati on P a ge rega rding Pilots ( Item 9) and Use ( Ite m 10) are m e t ; b. Unle ss it i s licen sed under a standa rd a irwo rth i ness ce rt ifi cate iss ue d b y the FAA ; c. If i t is a multiengin e aircraft un less an aircraft in Item 

### 5 o n t he Cove rag e I d e nti f i cati on Pa ge i s a multien gine aircraft ; d. If it i s tu rb i ne po we red aircraft unless a n aircraft in I tem 

### 5 o n t he Cov e rage Id ent if icat io n Pag e is a t urb in e powe r ed aircraft; e . 

### I f it i s a roto rcraft un l ess an a ircraft i n Item 

### 5 on t he Co verage Id e ntificat ion Pag e is a rotorcraft; f. If it is a seaplane or amphibian un l ess a n aircraft in Item 5 o n the Covera ge I de ntific ati on Pag e is a sea pla ne o r a mphibi an .

VALIDATION Your po l icy is co mprise d of the Coverag e Ide ntification Page, Parts One through Fi ve and any Endorsements we issue d
. Th e sig nature of our pres id e nt and sec reta ry v alidat e your poli cy.

A l P 1 10 5 (08/ 1 0)



## -- - - - -· - - - .. S e cre t ary Alexander Ludlow

10 Pre s id e n t Mi chae l J
. Schell