NEW CIVIL AVIATION INSURANCE REGULATIONS
Regulation 785/2004
Insurance Regulation for Civil Aviation Aircrafts inside EU
- The regulation concerns new, increased limits of insurance for third party liabilities.
- It is in effect from 30 April 2005.
- It will influence the above premiums that the owner of the aircraft pays.
- It doesn't influence the limits and the premiums of Hull
- It concerns all the aircraft that fly inside EU, not only what is registered in countries of EU. (Includes also the N-registration).
- It concerns all aircraft operators, commercial and private.
- The new limits constitute minimal limits. This means that certain countries of EU can require higher limits. Germany eg requires the minimal of 4.500.000€.
- Effective are sublimits per passenger, SDR 100.000 (€122.000) or SDR 250.000 (€305.000), depending on each country.
- The limits are calculated upon on aircraft MTOW:
|
kg |
limit SDR |
limit EUR | |
|
MTOW < |
500 |
750,000 |
915,000 |
|
MTOW < |
1,000 |
1,500,000 |
1,830,000 |
|
MTOW < |
2,700 |
3,000,000 |
3,660,000 |
|
MTOW < |
6,000 |
7,000,000 |
8,540,000 |
|
MTOW < |
12,000 |
18,000,000 |
21,960,000 |
|
MTOW < |
25,000 |
80,000,000 |
97,600,000 |
|
MTOW < |
50,000 |
150,000,000 |
183,000,000 |
|
MTOW < |
200,000 |
300,000,000 |
366,000,000 |
|
MTOW < |
500,000 |
500,000,000 |
610,000,000 |
|
MTOW > |
500,000 |
700,000,000 |
854,000,000 |
You can download the entire regulation HERE:
http://europa.eu.int/eur-lex/pri/en/oj/dat/2004/l_138/l_13820040430en00010006.pdf
Emmanuel Paraskakis