Insurance is basically to prevent any damage or unexpected loss of the things that are fiscally associated. In the case of insurance of the aircraft to service the aircraft and its contents. Owner's responsibility and accident insurance for passengers is also covered most of the time. Sometimes, the state requires owners and operators to have insurance covering the aircraft and operations. At least liability coverage should be there so that if the loss of the injury is caused to a third party due to the operation of the aircraft, the responsibility is taken. If the aircraft is mortgaged as collateral, the lender requires insurance coverage...
