Why aviation insurance

This can be aircraft liability coverage or stand-alone non-owned aircraft liability and perhaps excess aircraft liability coverage as well

Coverage for third-party aircraft liability is often provided, which also includes hull (physical damage) and medical payments coverages

Aircraft policies are not standardized and vary widely

Aviation insurers provide insurance cover for insureds (airlines, manufacturers, airports, service providers {refuellers, caterers, security screeners and the like}) against loss, damage and liability, in return for premiums

Insurers in turn pay premiums to reinsurers to offset part of the risk