Aviation Insurance

Aviation insurance consists of policies issued by insurance companies to cover the risks inherent to air activity. Depending on the company and the plan purchased, they may include civil liability toward third parties on board and not on board, damage to the aircraft from accident or theft, and loss of cargo and baggage. Some special risks, such as war or confiscation, are usually purchased as an add-on.

These policies may also include personal accident coverages for crew and passengers, with medical and pharmaceutical assistance and funeral expenses, as well as coverages for hangars, repair shops and airport operators. The conditions, limits and exclusions vary according to the type of aircraft, its use and the experience of the pilots.

I am Cinthia Careaga de Camé, Insurance Agent with License No. 2552, with an office in Hernandarias, Alto Paraná. My role is to advise you and act as intermediary with the insurance companies authorized by the Central Bank of Paraguay (BCP); they are the ones that assess the risk, issue the policy and respond for claims.

• Risk survey: I gather with you the details of the aircraft, its use and its pilots to submit the request to the companies.
• Conditions explained: I help you compare coverages, limits, deductibles and exclusions before deciding.
• Follow-up: I manage your policy, its renewals and endorsements, and I support you in reporting and processing a claim.

Aviation insurance is quoted case by case. The insurance company generally asks for the following information and may request additional data or documents:

• National ID card or RUC (tax ID) of the owner or operator.
• Make, model, year of manufacture and registration of the aircraft.
• Intended use: private, instruction, aerial work or transport.
• Value of the aircraft to be insured.
• Licenses and flight hours of the pilots.
• Operating base or hangar and claims history.

The quote is a no-obligation request: it does not commit you to purchase.