Aircraft Insurance is a specialized type of insurance designed to protect aircraft owners and operators from financial losses. It covers various risks, including damage to the aircraft, liability for injuries to passengers or third parties, and loss of income due to grounded aircraft. Policies can vary widely based on the type of aircraft, its use, and the coverage options selected. There are two main types of coverage: hull insurance, which protects the physical aircraft, and liability insurance, which covers legal responsibilities to others. Pilots and aircraft operators often need to meet specific requirements to obtain this insurance, ensuring they are adequately protected while flying.