Policy Features
The VIP Gold Plan is designed for aircraft owners who want All Risk In Flight
and Not In Motion (Ground) Hull and Liability.
Coverages available under this plan include:
All Risk In Flight and Not In Motion (Ground) Hull: This coverage
applies to any physical loss to your aircraft occurring while the aircraft is in
flight, on the ground, moored, not-in-motion and while it is being transported by
another vehicle provided the aircraft is not being operated under its own power
or by the momentum generated by its power. This applies to both fixed wing and rotary
aircraft.
Third Party Liability: This important coverage protects aircraft
owners for damage that their aircraft does to third party property or bodily injury
to individuals who are not passengers in the insured aircraft. It does not provide
coverage for passengers injured on the insured aircraft. Transport Canada mandates
that any person operating an aircraft in Canada carry third party liability – you
can read more about the required minimums at
http://www.tc.gc.ca/eng/civilaviation/regserv/cars/part6-606-2439.htm.
Passenger Liability: This coverage applies to any legal action
brought against the Insured by passengers for which you are liable to pay for bodily
injury. This coverage can be purchased as a sublimit of the Third Party Liability
or under a Combined Single Limit (CSL) that includes Passengers.
Combined Single Limit (CSL): CSL coverage combines third party
liability and passenger liability coverage into a single coverage with a single
overall limit per accident.
Additional Features:
- Non Owned Liability & Non Owned Physical Damage Liability
- Contingent Employers Liability
- Premises Liability
- Personal Property inside the Aircraft
- Spares/Hangar Contents
- Disappearing deductibles
Other useful facts:
- Various additional coverages can be endorsed on to the Gold Policy including:
- Student Pilot Endorsements
- Work In Progress
- Competitive Aerobatics
- And so much more
Please refer to the Coverage Comparison
Chart and Aircraft Checklist for more information.