Mon Jan 07, 2019 11:23 am #1663477
Can anyone clarify the advantages (if any) of choosing Passenger Voluntary Settlement cover option in an aircraft insurance policy when the policy already has third party and passenger liability cover?
Bob Bevan wrote:Probably the main advantage of PVS over the cover provided under the passenger liability section is that there is no need for the injured party to prove the owner / operator of the aircraft was liable for the injury they sustained. This can lead to a quicker and more certain settlement. However, a recipient of a PVS settlement may be required to forego any other rights to claim on the policy, and the amounts which might be awarded under the passenger liability cover may well be higher than the benefit payable under PVS.