Chapter V: Hull, aviation and aviation liability insurance

Hull insurance on aircraft is taken out either for a single flight or for several flights, or for a period specified in the insurance contract.

In the event of the alienation of the aircraft and the cessation of its operation, the insurance cover ceases ipso jure in respect only of the alienated aircraft from midnight on the day following the day of alienation. In the event of continued operation of the aircraft, the insurance cover shall continue ipso jure. However, the parties may terminate these guarantees within one month of notification of the alienation. Cancellation…

Article L. 175-2 applies to the disposal of the majority of shares in a jointly-owned aircraft.

The insurance is void if it is established that the insured had personal knowledge of the loss before the contract was concluded.

In the absence of fraud, the contract is valid up to the actual value of the insured items and, if approved, for the entire sum insured.

If the sum insured is less than the actual value of the insured items, except in the case of the agreed value, the insured remains his own insurer for the difference.

Where the insured value of the aircraft is an agreed value, the parties mutually forbid each other any other estimate, unless the insurer establishes that there has been fraud on the part of the insured or his agent. In this case, the insurance of the insured object is null and void, and the premium remains the property of the insurer.

When several insurance policies against the same risk are taken out fraudulently, these policies are void.

In property insurance, cumulative insurances taken out without fraud for a total sum exceeding the value of the insured item are valid only if the insured brings them to the attention of the insurer from whom he requests settlement. Each of them produces its effects within the limits of the guarantees of the contract and up to the full value of the insured item. In liability insurance, when the cumulative…

In liability insurance, the conditions of application of the guarantee over time are determined by the insurance contract.