Airlines/aviation - Delray Beach, Florida, United States
A new product available to aircraft operators for reimbursement of extra expenses not included within an aircraft hull and liability policy. JetSure Replacement Aircraft Insurance offers financial compensation should an owned, managed, or chartered aircraft suffer a sudden and unaccountable technical issue leading to an aircraft on ground (AOG) situation, preventing the aircraft from carrying out its scheduled trip. The primary insurance coverage assists in financing the costs surrounding the sub-charter of a replacement aircraft. JetSure also offers ancillary coverages, Increased Operating Costs (IOC), which are covered within the overall indemnity limit.Some of the expenses covered by this insurance are: Costs for a replacement aircraft to complete the scheduled trip Client hotel accommodation and meals Client complimentary gift Aircrew hotel accommodation and meals Aircrew repatriation Replacement crew costsThis is an insurance product administered by Falcon MGA Services Limited and placed in the Lloyds market. The product, JetSure Replacement Aircraft Insurance and is available now in the United States exclusively through JetSure USA.