There are many types of car insurance available on the market today, the amount you pay however for your car insurance depends on your circumstance. For instance car insurance for new drivers (Fahranfänger Autoversicherung) will usually be higher and this is thought to be because they are considered to be a greater risk than an experienced driver. Aviation insurance is also referred to as aircraft insurance, a type of insurance coverage designed specifically towards the operation of an aircraft and the risks involved in aviation. Aviation insurance in Germany, as elsewhere, has a number of differences to car insurance in Germany (Kfz Versicherung) and other forms of consumer property protection. The use of aircraft has a number of unique risks associated with it, which makes aviation insurance policies distinctly different from those involving other areas of transportation such as automobiles. The specific nature of aviation insurance means that it is often available only through dedicated aviation insurance companies, although a number of large general insurance firms are also able to provide limited aviation protection.
Aviation insurance was first made available in the early part of the 20th century, through Lloyd’s of London in 1911. The London insurance market is still the centre of the aviation insurance industry, although smaller aviation protection bodies also exist in Germany and throughout the world. The US has a large percentage of the world’s general aviation fleet, and a large and established aviation insurance market that has developed to service its needs. The size of the risks involved in aviation insurance and the unique terminology used for contracts make aviation insurance very different from car insurance and other forms of private transportation coverage.
Aviation insurance can be divided up into a number of distinct forms of coverage, including public liability insurance, passenger liability protection, combined single limit liability coverage,in-flight insurance, and ground risk protection. As well as the large and comprehensive policies that are used by the commercial aviation industry, some forms of protection are also used by individual owners of small aircraft. However, even in the case of private aviation insurance, there are a number of differences between aviation and car insurance, due mostly to differences of the type of risks involved. For example, theft is a common risk associated with auto insurance that is not much of a concern for aviation insurance, and aircraft passenger liability protection is unique to the risks associated with the aviation industry.