Aviation insurance is the insurance which normally covers physical damage to the aircraft. This type of insurance provides compensation and bears all loss when the accident takes place. All the damage which occurs in accident takes by the aviation insurance company.
Nowadays air transportation is become a very popular means of transport. Sometimes accident may take place on the air and loss of plane and passenger's tales place. So, insurance which is made to compensate the loss incurred due to the risk of aviation is known as aviation insurance.
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