Aviation Loss of Use Insurance

Category: insurance

Coverage that reimburses an aircraft owner for the cost of renting a replacement plane while their primary aircraft is being repaired.

This is the aviation equivalent of "rental car reimbursement." For a corporate flight department or charter firm, having a plane stuck in the shop after a hangar strike means thousands in lost revenue. Loss of use covers the charter fees required to keep the company’s executives mobile.

Common Examples

• The corporate flight department activated their aviation loss of use policy to fund an alternate charter while the jet underwent wing repair.
• Loss of use coverage preserves the agency’s operational capability by stepping in to cover the high costs of temporary replacement charters.