Where war risks cover is purchased as part of aircraft insurance, on what basis will liability coverage for war risks apply?
A – On an any one incident basis
B – On an aggregate basis for all incidents within a defined war zone
C – On an aggregate basis for all incidents within a defined geographical radius
D – On an aggregate basis for all aircraft insured under the policy
D: Liability coverage for war risks will be on an aggregate basis for all aircraft insured under the policy. There may be a maximum that can be recovered in any one location.
A: Reinstatement B: New for old C: Indemnity D: Replacement
D. In its widest sense, telematics is a term used to describe the exchange of data, potentially over long distances, across a wireless communications network in real time.
B: Insurers apply premium rates to groups of customers, taking no account of their personal details or generally the extent to which they engage in dangerous activities.