You’ve paid premiums all these years hoping to never need the product you have been purchasing. Unfortunately, you find Mr. Murphy has inserted himself into your life and you have received a call your aircraft has been involved in an accident. Here’s some insight into the right moves to make and what to expect from an insurance perspective.
No one ever thinks it will be their flight department that has an accident, but the fact is even the most seasoned pilots make mistakes and the best maintained aircraft sometimes fail. When the stars align against us, the result can be as simple as a call from the pilot informing us of an inadvertent gear collapse/runway excursion on landing, to a call to our receptionist from a news reporter asking if we knew our aircraft was involved in a catastrophic accident with multiple fatalities. The handling of these two events from an insurance perspective will vary greatly, and here the one discussed is the gear collapse scenario.
Your company aircraft is returning from a long day of business travel with two executives, two prospective investors, and its crew of two pilots. On rollout, the right main gear collapses; the aircraft veers hard right and off the runway, careens into a drainage ditch and comes to a stop. Everyone immediately exits the aircraft. Two passengers received non-critical injuries. The aircraft is damaged extensively, and the runway subsequently closed until debris could be removed.
Rules to Follow:
Coverages: In addition to repair of the aircraft, other coverages may be available to your company. Trip Interruption, Extra Expense for Temporary Use of Substitute Aircraft, Guest Voluntary Settlement, Medical Expense, and other ancillary coverage may also be triggered in the event of an accident.
Often the difference between a good and bad claims experience boils down to one word—communication. At AssuredPartners Aerospace, we employ a dedicated claims team that monitors your claim and acts as your proponent throughout the process. Contact us today to see how we can put our extensive aircraft experience to work for you.
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