Hull Lay-up Insurance

Aviation hull lay-up insurance insures all risks (but exclusions apply for wilful intent and gradual losses, amongst others), to which the insured aircraft is exposed on the ground, up to the level of the agreed sum insured, and provides compensation for partial losses (repair work and material costs) as well as total losses (reimbursement of the current, replacement or appraised value).

There is only insurance protection during the ground times for the insured aircraft but occasional engine test runs are also insured.

No insurance protection exists for losses that are connected with flight operations.