What is the legal framework for aircraft insurance coverage?
The legal framework for aircraft insurance coverage in California is set forth in the California Evidence Code, the California Insurance Code, and the California Vehicle Code. In California, aircraft insurance is mandatory for all aircraft flying within the state. Aircraft owners are required to carry liability insurance that meets the minimum requirements set out by the California Insurance Code. This minimum coverage is designed to provide protection against personal injury or property damage resulting from an aircraft operation. In addition to liability coverage, California also requires that aircraft owners purchase hull insurance. Hull insurance provides protection against physical damage to the aircraft itself, as well as theft of aircraft parts and accessories. California also requires that aircraft owners purchase third party liability insurance, which provides coverage for personal injury and property damage caused to third parties in the event of an accident. The minimum insurance requirements that are set out by the California Evidence Code, the California Insurance Code, and the California Vehicle Code are in place to protect aircraft owners and the public. These legal requirements help ensure that, in the event of an aviation accident, aircraft owners and the public have a means of recovering financial damages from the at-fault aircraft owner.
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