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Plane crash incidents are never new to us. Most of us have heard and seen one. Some planes have landed destructively in mountains while some are left unfound in large oceans. Plane crash incidents are tragedies that no one would want to happen, but still it can be inevitable. Plane’s engine can fail due to some defects. Pilots can get distracted. The weather can get bad. Lightning can strike unknowingly. Rain clouds may block the aircraft. Communication to the port may vanish. Things like these can happen anytime. No matter how aircraft experts would claim that the air transportation technology is near perfect, but we cannot take the risk. Aircraft owners are suggested to get hold of plane insurance. This is regardless, if it is a passenger plane, a private jet or a chopper.
What’s the use of Insurance?
In most states, aircraft insurance is mandatory. Herein, we will try to examine why aircraft insurance is favourable.
• Insurance for aircraft reimbursement: Although getting private jet insurance for your aircraft may not hinder the occurrence of any accident, it would significantly reduce the damage. The aircraft itself costs a lot. In the formidable instance of an accident, at least, you will get some money back. Perhaps the reimbursement may not commensurate to the actual damage but such amount will undoubtedly be a considerable amount.
• Insurance for harmed passengers and their heirs: We have to admit the reality that the survival rate of an aircraft mishap is extremely low. The insurance will be able to provide assistance to the family and heirs of the casualties if there would be any. Some, if they are lucky enough to survive, are most probably badly injured. The insurance will also cover for their medical expenses and will serve as a refund for the damage suffered.
Why Aircrafts Need to be covered by an Insurance Policy?
As mentioned earlier, even though we may not wish for it to happen accidents can occur at any given moment. Getting hold of helicopter insurance does not mean that you are anticipating for a misfortune to happen or that you are praying for an accident. Having aircraft insurance is only a precautionary measure in the event that the inevitable will come.
• Faulty Pilots: We have to know that pilots are capable of committing mistakes too, regardless of their experience. They are not flawless. This means that all their actions are not precise all the time. As such instance, an accident may ensue.
• Faulty Aircraft: It is true that there are technicians and engineers who would see to it that the aircraft is always in perfect condition every time it takes off. However, although the aircraft is sound, still, we have to acknowledge that it is powered by an engine. The engine, just like any other machine, can fail on certain unexplainable conditions.
Harsh Weather: These days, we already have detecting devices to tell us about the weather condition for a certain period of time. We might be aware of the temperature, the number of clouds, the density of the air and the like. But again, such can never be accurate. Weather condition may change abruptly without any notification. This is among the most popular reason for aircraft accidents.
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