Aviation insurance is mandatory, in contrast to other types. Therefore, if you decide to engage in aviation business or simply fly for your own pleasure, then you will need to insure yourself.
The insurance conditions for compulsory types are regulated by the Cabinet of Ministers of Ukraine (CMU), the exception is the compulsory insurance of civil liability of owners of land vehicles, which is regulated by a separate Law.
As to aviation insurance the main terms of the policies are the minimum amount of sums to be insured and the maximum amount of insurance premiums that are established by the Decree of the Cabinet of Ministers of September 6, 2017. No. 676, which has entered into force starting from 20.12.2017.
Despite this, there is no two identical wording in the insurance market. Each insurance company includes their own rules such as the terms and conditions of insurance indemnity payments and the obligations of the Insured. This will allow them to minimize their losses in the event of an insurance accident and pay you an amount less than you expect or even completely refuse to pay. As the saying goes “the devil is in the details”.
Consoris will help you to find these details and the “devil” that hides behind them.
A serious increase in the sums to be insured and the appearance of new types of insurance, as determined by the new CMU decree, significantly complicates the choice of a reliable insurance company with reasonable requirements and price. Turning to us, you will not only save your time, but also money.
Our company is a large wholesale buyer who annually purchases premiums for tens of millions of UAH and place the risks for billions of UAH, therefore the services of Consoris are paid in the form of a discount from the insurance companies. You pay only the insurance premiums to the Insurers, and our services are paid by them. For more details about this, see the section “Insurance consulting“.