The temporary replacement equipment is also covered since it would now be a part of aircraft. Provides 90 days prior written notice to named insured if the policy is cancelled at the request of the company. Normal notice period is 30 days. Cargo Legal Liability Seen more as a contingency coverage for non-commercial risks in case the named insured should carry cargo for a third party. Contractual Liability Covers liabilities of others that the named insured assumes under contracts.
Contracts needs to be submitted to the company and additional premium, if any, paid.
Cost Reimbursement Permits uses where direct costs of operation of the aircraft are reimbursed to the named insured. Cross Liability Liability will cover claims by one insured against another. Pilots employed by an FAA approved repair station are automatically approved pilots as respects test flights after repairs. Provides reimbursement to the named insured for incurred costs of runway or aircraft foaming, and fire, crash control, or rescue expenses. Typical wear and tear and hot starts still excluded.