The insured must pay the premium and costs at the agreed place and time. Failure to pay all or part of the premium by the due date entitles the insurer either to suspend cover or to request cancellation. Suspension or cancellation does not take effect until thirty days after the insured has been served with formal notice to pay by registered letter to his last address known to the insurer….
The insured must take reasonable care of all matters relating to the aircraft. The insured must contribute to the salvage of the insured objects and take all measures to preserve his rights against the third parties responsible. He/she is liable to the insurer for any damage caused by the non-performance of this obligation resulting from his/her fault or negligence.
The insured must declare any claim of which he/she is aware within the time limits stipulated in the insurance contract. The insurer may provide for a total or partial forfeiture clause if the insured has made an inaccurate claim declaration in bad faith, or if the insured is late in declaring the claim. In the latter case, the insurer must prove that the delay caused it prejudice.
When the risk occurs, the insurer must provide the service specified in the contract within the agreed period and cannot be held liable beyond that period.
Regardless of the number of events that occur during the term of the whole-body insurance policy, the insurer guarantees up to the amount of the sum insured for each event, with the exception of the insurer’s right to request an additional premium from the insured after each event as part of a reconstitution of cover.
If the same risk has been covered by several insurers under the same insurance contract, each shall be liable, without solidarity with the others, only to the extent of the sum insured by it, which constitutes the limit of its liability.
The insurer does not cover damage or loss caused by the intentional fault of the insured. However, the risks remain covered in the event of unintentional fault on the part of the insured and in the event of any fault on the part of its agents.
The insurer shall reimburse only the cost of replacements and repairs recognised as necessary; the compensation due by the insurer to the insured may not exceed the value of the insured item at the time of the loss, subject to the provisions of article L. 175-5.
The insurer cannot be obliged to repair or replace the insured items.
In the event of compensation for total loss, deemed total loss or negotiated total loss of the aircraft, the proceeds from the salvage of the wreckage are acquired by the insurer, without necessarily transferring ownership of the wreckage to the insurer.
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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