What type of insurance provides coverage for damage to aircraft while on airport property?

Hangar Keepers insurance specifically provides coverage for damage to aircraft while they are on airport property, particularly when those aircraft are under the care, custody, or control of a fixed-base operator (FBO) or similar entity. This type of insurance is essential for facilities that maintain, service, or store aircraft, as it protects against losses arising from incidents such as damage during maintenance, theft, or accidents occurring on the premises.

The coverage offered by Hangar Keepers insurance typically includes incidents that might occur in the hangar, on the ramp, or in other areas of the airport where the aircraft are parked or maintained. This is crucial for businesses that operate in the aviation sector, as damage to aircraft can be quite costly, and having this insurance allows them to mitigate financial risks associated with physical damage to the aircraft in their care.

Other types of insurance options, while relevant in various contexts, do not provide the same specific coverage for aircraft on airport property. For instance, Liability Insurance primarily covers legal liabilities resulting from third-party claims, Comprehensive Insurance offers a broader range of coverages for various risks but does not specifically target the unique circumstances of aircraft damage on airport property, and Property Insurance generally covers physical property from damage but may not specifically include aircraft or