ADDITIONS AND DELETIONS - AVN 19A 18.3.02

 

ADDITIONS AND DELETIONS - AVN 19A  18.3.02

(Combined)

 

1.       The insurance afforded by this Policy is automatically extended to include at pro rata additional premium further Aircraft added during the currency of this Policy provided such Aircraft are owned or operated by the Insured and are of the same type and value as Aircraft already covered hereunder and of no greater seating capacity.

 

2.       The inclusion of additional Aircraft of other types or different values or greater seating capacity shall be subject to special agreement and rating by Insurers prior to attachment.

 

3            Under the Aircraft loss or physical damage Section of this Policy Aircraft which have been sold or disposed of shall be deleted from this Policy and the Insured shall be entitled to pro rata return of premium provided no claim has arisen and become payable in respect of such Aircraft under the Aircraft loss or physical damage Section of this Policy and that this Policy is not cancelled by virtue of such deletion.

 

4.       Under the liability Section(s) of this Policy Aircraft which have been sold or disposed of shall be deleted from this Policy and the Insured shall be entitled to pro rata return of premium.

 

Provided always that

 

(i)      Notwithstanding the foregoing provisions for additions and deletions the premium in respect of each separate period of Flight risk insurance on any Aircraft covered during the currency of this Policy shall in no case be less than fifteen days' pro rata premium.

 

(ii)     In the event of a claim arising in respect of any Aircraft added hereto being settled on a total loss basis the full twelve months' Aircraft loss or physical damage premium shall be paid hereunder in respect of such Aircraft.

 

(iii)    Notice of the addition or deletion of any Aircraft under the provisions of Paragraphs 1, 3 and 4 respectively shall be given to the Insurers or their representatives in writing within ten days of attachment or deletion.

 

AVN 19A  18.3.02

ADDITIONS AND DELETIONS` AVN 17A 1.10.96

 

ADDITIONS AND DELETIONS`

(Applicable to Hulls only)

 

1.       The insurance afforded by this Policy is automatically extended to include at pro rata additional premium further Aircraft added during the currency of this Policy provided such Aircraft are owned or operated by the Insured and are of the same type and value as Aircraft already covered hereunder.

 

2.       The inclusion of additional Aircraft of other types or different values shall be subject to special agreement and rating by Insurers prior to attachment.

 

3.          Aircraft which have been sold or disposal of shall be deleted from this Policy and the Insured shall be entitled to pro rata return of premium provided no claim has arisen and become payable under this Policy in respect of such Aircraft, and that this Policy is not cancelled by virtue of such deletion.

 

ALWAYS PROVIDED THAT:-

(i)      Notwithstanding the foregoing provisions for additions and deletions the premium in respect of each separate period of Flight Risk Insurance on any Aircraft covered during the currency of this Policy shall in no case be less than fifteen days' pro rata premium.

 

(ii)     In the event of a claim arising in respect of any Aircraft added hereto being settled on a total loss basis the full twelve months' premium shall be paid hereunder in respect of such Aircraft.

 

(iii)    Notice of the addition or deletion of any Aircraft under the provisions of Paragraphs 1 and 3 respectively shall be given to the Insurers or their representatives in writing within ten days of attachment or deletion.

 

AVN 17A  1.10.96

LLOYD’S AIRCRAFT HULL POLICY (U.S.A.)

 

WE, UNDERWRITERS AT LLOYD’S, London, agree with the Insured, named in the Declarations made a part hereof, in consideration of the payment of the premium and in reliance upon the statements in the Declarations and subject to the limits of liability, Exclusions, Conditions and other Terms of this Policy:-

 

INSURING AGREEMENTS

 

1.       COVERAGE A —FLIGHT, TAXYING, ON THE GROUND OR MOORED

To pay for direct physical loss of or damage to the Aircraft including disappearance if the Aircraft is unreported for sixty (60) days after the commencement of flight but only for the amount of each separate loss less the applicable deductible stated in Item 3 of the Declarations.

 

2.       COVERAGE B—TAXYING, ON THE GROUND OR MOORED

To pay for direct physical loss of or damage to the Aircraft while not in flight but only for the amount of each separate loss less the applicable deductible stated in Item 3 of the Declarations.

 

3.       COVERAGE C—ON THE GROUND OR MOORED

To pay for direct physical loss of or damage to the Aircraft while not in flight or taxying but only for the amount of each separate loss less the applicable deductible stated in Item 3 of the Declarations.

 

4.       POLICY PERIOD, TERRITORY, PURPOSES OF USE

This Policy applies only to direct physical loss of or damage to the Aircraft which is sustained during the Policy period while the Aircraft is within the Continental limits of the United States of America (excluding Alaska), Canada, or the Republic of Mexico, or is being transported between ports thereof, and is owned, maintained and used for the purpose stated as applicable thereto in the Declarations.

 

5.       TWO OR MORE AIRCRAFT

When two or more Aircraft are insured hereunder the terms of this Policy shall apply separately to each.

 

EXCLUSIONS

 

THIS POLICY DOES NOT APPLY:-

(a)     to loss of use, depreciation, or deterioration; nor to any damage which is due and confined to wear and tear, freezing, mechanical, structural, electrical, hydraulic or pneumatic breakdown or failure, but this exclusion shall not apply to (1) other loss or damage covered by this Policy resulting from such wear and tear, freezing, mechanical, structural, electrical, hydraulic or pneumatic breakdown, (2) such loss or damage by wear and tear, freezing, mechanical, structural, electrical, hydraulic or pneumatic breakdown or failure which results directly from other loss covered by this Policy.

 

AVN 16  6.11.56