Thursday, August 13, 2020

No extra premium on planes flying to tabletop airports

Chennai: Tabletop airports though considered risky, Indian insurers do not charge anything extra on their basic premium while providing insurance cover for the planes and the passenger liability, said industry experts.

Simply put, a tabletop runway is one which is built after cutting the top of a mountain and where there is a valley at both the ends. In other words, it is like landing the aircraft on a table.

"There is nothing called 'tabletop runway loading' on the basic premium charged by insurers while providing 'all risks cover' for aircraft and passenger liability for commercial airlines," a senior insurance industry official told IANS on the condition of anonymity.

In the case of automobile insurance, insurers have divided the country into two regions and the premium differs based on the region where the vehicle is driven.

On August 7, an Air India Express flight from Dubai overshot the runway and crashed into the valley. The aircraft broke into two pieces and 18 people died in the accident.

The aircraft insured for $50 million was a total loss and the airline will be paid that sum by the insurers.
13/08/20 IANS/daijiworld
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