The deductible for the Aircraft Hull policies is normally expressed as:

In the context of Aircraft Hull insurance policies, the correct way to express the deductible is typically as a percentage deductible. This means that the deductible amount is calculated based on a percentage of the total insured value of the aircraft. For instance, if an aircraft has an insured value of $1 million and the policy includes a 5% deductible, the deductible would amount to $50,000 in the event of a claim.

Using a percentage deductible is advantageous in this type of insurance because it creates a scale of deductibles that adjusts with the value of the aircraft. As the insured value changes, so does the deductible amount, ensuring that the policyholder maintains a proportionate financial responsibility in relation to the value of the asset being covered.

This structure is often preferred in aviation insurance due to the high values associated with aircraft, allowing insurers to manage risks effectively while providing clarity for policyholders regarding their potential out-of-pocket expenses in the event of a claim.