Common Policyholder Pitfalls When Navigating London Aviation Insurance Claims
Maintaining appropriate insurance is critical for the entire aviation industry. Many US-based airlines, aircraft owners/financiers, and aircraft lease servicers devote significant resources at the front end setting up their insurance programs, maintaining schedules of insured assets, and making annual trips to London for meetings with the major players in the Lloyd’s aviation market. But it is equally important that companies plan for the possibility of major claims under their policies. Companies do not always anticipate some of the unique challenges that US-based insureds face when making a claim under their aviation policies.
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