Aerospace Insurance is a specialized type of insurance that covers risks associated with the aviation and space industries. This includes coverage for aircraft, spacecraft, and related operations, protecting against damages from accidents, theft, and liability claims. It is essential for airlines, manufacturers, and space exploration companies to manage financial risks effectively. Policies in Aerospace Insurance can vary widely, offering options for hull insurance, liability coverage, and even coverage for ground operations. Insurers assess factors like the type of aircraft, its usage, and the operational environment to determine premiums and coverage limits, ensuring tailored protection for each client.