{"id":10458,"date":"2022-03-07T14:09:34","date_gmt":"2022-03-07T13:09:34","guid":{"rendered":"https:\/\/p-i7kp07.project.space\/?p=10458"},"modified":"2022-07-11T09:49:52","modified_gmt":"2022-07-11T08:49:52","slug":"ukraine-crisis-cover-aspects-in-aviation-insurance","status":"publish","type":"post","link":"https:\/\/trustrc.com\/en\/ukraine-crisis-cover-aspects-in-aviation-insurance\/","title":{"rendered":"Ukraine crisis &#8211; Cover aspects in aviation insurance"},"content":{"rendered":"<h4><span style=\"color: #000000;\">Like other insurance lines, aviation insurance also excludes damage caused in connection with war and terrorism.<\/span><\/h4>\n<h4><span style=\"color: #000000;\">The specific definition in the insurance policies says that there is <strong>no cover for claims caused by <\/strong><\/span><\/h4>\n<ul>\n<li>\n<h4><span style=\"color: #000000;\">war, invasion, acts of foreign enemies, hostilities (whether war be declared or not), civil war, rebellion, revolution insurrection, material law, military or usurped power or attempts at usurpation of power.<\/span><\/h4>\n<\/li>\n<li>\n<h4><span style=\"color: #000000;\">any hostile detonation of any weapon of war employing atomic or nuclear fission and\/or fusion or other like reaction or radioactive force or matter.<\/span><\/h4>\n<\/li>\n<li>\n<h4><span style=\"color: #000000;\">strikes, sabotage, confiscation, hi-jacking etc.<\/span><\/h4>\n<\/li>\n<\/ul>\n<h4><span style=\"color: #000000;\">In addition, all insurance payments are subject to the various sanction regulations \u2013 please see our separate information on sanctions.<\/span><\/h4>\n<h4><span style=\"color: #000000;\">In addition to this general exclusion referring to damage occurred, there exists clause LSW617 that restricts the validity of cover itself: <strong>there is generally no cover for various named high-risk and existing crisis and war zones.<\/strong> This stipulation, however, allows overflights in international corridors as well as landings of aircraft in emergency situations.<\/span><\/h4>\n<h4><span style=\"color: #000000;\">In <strong>compulsory aviation liability insurance<\/strong>, however, consequential damage in the case of war and terrorism is covered according to Article 7 of Regulation (EC) No. 785\/2004, but this is limited with the statutory minimum liability amount.<\/span><\/h4>\n<h4><span style=\"color: #000000;\">By way of the international clause AVN52 there is the possibility to buy cover or to increase the limit of indemnity for war and terror risk in aviation liability insurance; this applies to general aviation as well as airports, ATC or product liability.<\/span><\/h4>\n<h4><span style=\"color: #000000;\">War risk extension for aircraft hull insurance is, in principle, also available.<\/span><\/h4>\n<h4><span style=\"color: #000000;\">Coverage in both lines \u2013 liability and hull \u2013 includes the risk of war and terrorism with extension to strike, sabotage, as well as seizure or unlawful takeover (hijacking) of the aircraft, etc., but it excludes any hostile explosion of a weapon of war using atomic or nuclear fission and\/or fusion or any other similar reaction or radioactive radiation.<\/span><\/h4>\n<h4><span style=\"color: #000000;\"><strong>In the event of a crisis\/war, there are thus several factors to consider:<\/strong><\/span><\/h4>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>\n<h4><span style=\"color: #000000;\"><strong>Extension of LSW617:<\/strong>the above-mentioned clause limiting the insurance coverage in the geographical area can be extended to additional countries at any time.<\/span><\/h4>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h4><\/h4>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>\n<h4><span style=\"color: #000000;\"><strong>Closure of the airspace:<\/strong> notified by governments or authorities \u2013 no insurance cover is provided for the respective area, neither for take-offs\/landings nor overflights.<\/span><\/h4>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h4><\/h4>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>\n<h4><span style=\"color: #000000;\">Cancellation of AVN52 (liability) and hull war coverage (e.g. LSW555): The agreed extension can be terminated at any time with 7 days\u2019 notice. The termination option is also open to the policyholder.<\/span><\/h4>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h4><\/h4>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>\n<h4><span style=\"color: #000000;\"><strong>Partial termination of AVN52 with 48 hours\u2019 notice: <\/strong>The insurer may terminate one or more parts of the clause with 48 hours&#8217; notice in the event of hostile detonation of nuclear or nuclear fission weapons of war.<\/span><\/h4>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h4><\/h4>\n<ul>\n<li>\n<h4><span style=\"color: #000000;\"><strong>Automatic termination of AVN52:<\/strong> In case of war between two or more explicitly named states (e.g. Russian Federation, USA, France, UK, etc.).<\/span><\/h4>\n<\/li>\n<\/ul>\n<h4><span style=\"color: #000000;\">The following additional limitations that represent a significant impairment and impact of financial nature must be considered:<\/span><\/h4>\n<ul>\n<li>\n<h4><span style=\"color: #000000;\">Suspended flights to Russian regions and to the Ukraine<\/span><\/h4>\n<\/li>\n<li>\n<h4><span style=\"color: #000000;\">airspace closure in the crisis area for all aircraft<\/span><\/h4>\n<\/li>\n<li>\n<h4><span style=\"color: #000000;\">losure of European airspace for Russian aircraft<\/span><\/h4>\n<\/li>\n<\/ul>\n<h4><span style=\"color: #000000;\">This leads to the change of flight routes in all areas, especially from Western Europe to the Far East (China, Japan, etc.) and thus to longer flight times, higher fuel consumption, additional costs for overflight rights for areas and states otherwise not overflown.<\/span><\/h4>\n<p>Source:\u00a0<em><strong> Ilse Konheisner-Holub<\/strong>; <\/em>Cover aspects in aviation insurance in respect of war and terrorism <em>(March 1st, 2022), URL:\u00a0<a href=\"https:\/\/www.greco.services\/en\/news\/aviation-insurance-war.html\">https:\/\/www.greco.services\/en\/news\/aviation-insurance-war.html<\/a> (March 7th, 2022)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Like other insurance lines, aviation insurance also excludes damage caused in connection with war and terrorism. The specific definition in the insurance policies says that there is no cover for claims caused by war, invasion, acts of foreign enemies, hostilities (whether war be declared or not), civil war, rebellion, revolution insurrection, material law, military or  [&#8230;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[89],"tags":[],"class_list":["post-10458","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ukraine crisis - Cover aspects in aviation insurance - Trust Risk Control<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trustrc.com\/en\/ukraine-crisis-cover-aspects-in-aviation-insurance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ukraine crisis - Cover aspects in aviation insurance - Trust Risk Control\" \/>\n<meta property=\"og:description\" content=\"Like other insurance lines, aviation insurance also excludes damage caused in connection with war and terrorism. 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