War Risk Insurance — Misunderstood and Underappreciated

The aftermath of September 11 will affect all of us, sometimes in ways that we might not expect. One of the ramifications that is sure to be felt throughout the aviation community is the restricted availability of insurance coverage for losses resulting from terrorist acts. Commonly referred to as "War Risk Insurance," the coverage was once available at little or no additional cost. Times have changed. Tom Chappell of CS&A Aviation Insurance discusses the nature of these risks, the availability of applicable insurance, and the prudence of purchasing such coverage in today's insurance market.

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