When it comes to moving by airplane, both physical damage coverage and liability coverage are available to meet foreign requirements. In simple terms, liability insurance covers anything that could be damaged by an airplane, such as ground support equipment and airport facilities like hangars. However, the plane itself or anything or person inside it is not covered. This type of insurance is often referred to as third-party liability and is mandatory in most countries.
In addition, there is a type of insurance that only covers risks while the aircraft is not in the air. This provision ensures that a financial institution that has a financial interest in an aircraft receives payment if the aircraft is damaged, even if the policyholder does not. Damage caused by natural hazards and disasters, such as floods, fires, storms or the collapse of hangars, is as covered by this insurance as accidents involving uninsured vehicles or other aircraft. One important thing to note is that your name must appear as the holder of the certificate in the moving companies that guarantee the certificate of their insurance company. Most importantly, you must insure yourself against damage to your aircraft, damage caused to third-party property by your aircraft, and injuries to third parties caused directly or indirectly by your aircraft.