Aviation Trip Life Insurance

What Does Aviation Trip Life Insurance Mean?

Aviation trip life insurance is a policy that provides coverage in the event of an accident involving an airplane passenger. This policy may be included with the plane ticket or sold separately. It typically covers death and healthcare benefits, and in some cases, it can also cover property brought during air travel.

Insuranceopedia Explains Aviation Trip Life Insurance

Flight accidents covered by aviation trip life insurance include not only incidents that occur while the plane is in flight but also those that happen during boarding or disembarking. The flight must be regularly scheduled. The policy typically covers death and dismemberment. In the event of death, a lump sum, up to the maximum limit, is given to the beneficiary of the deceased passenger. Because this kind of policy only pays out for losses tied to a flight, many travelers also carry an accidental death benefit rider on their main life insurance to cover accidents that happen outside the airport. If the passenger is disfigured (e.g., losing a leg due to a plane crash), a portion of the policy limit is provided. Additionally, the loss of important or expensive items brought during travel can be covered under the policy.

Companies with employees who travel frequently as part of their work often purchase policies that cover plane accidents, typically in the form of group insurance. For people who fly only occasionally, comparing rates from the best life insurance companies is usually a better way to get broad protection than paying for a separate policy on each trip, since the average cost of life insurance can be lower than many travelers expect.