Aviation Insurance Question

1. A significant portion of all aviation claims are

a. From improper valuation

b. fraudulent

c. international

2. Insurance that covers liability and hull together is

a. only available to Part 121 carriers in the U.S.

b. Usually for smaller risks

c. Combined Single Limit

3. If you insure an aircraft for a lower value to save money on the premium, there is a possibility that in event of an accident. (Select one or more correct multiple choices)

a. Passenger liability limits would be eliminated

b. the aircraft would be a total loss, even when it is repairable

c. the insurer would not pay against a claim because it was intentionally under-insured

d. the territorial limits would be restricted