What type of insurance covers loss or damage to an insured aircraft, whether in motion or not?

Aircraft Hull Insurance is specifically designed to cover loss or damage to an insured aircraft, regardless of whether it is in motion or stationary. This type of insurance provides protection against a variety of risks, including physical damage due to accidents, collisions, or other incidents involving the aircraft.

The coverage generally extends to both the aircraft itself and any equipment that is permanently attached to it. This is crucial because it ensures that the owner or operator of the aircraft is financially protected against potentially significant repair or replacement costs that can arise from various mishaps.

Understanding the distinct function of Aircraft Hull Insurance is essential, as it focuses solely on physical damage to the aircraft itself, unlike other options which cater to different aspects of aviation insurance, such as liabilities or operational risks.