Loss Of Use

This policy insures against the Insured’s inability to utilise any of the Scheduled Aircraft as a direct result of accidental damage arising from a peril insured under the relevant Hull All Risks policy covering the aircraft. Coverage may be extended, at an additional cost, to include loss consequent upon war and allied perils or engine breakdown. Specifically, the Loss of Use coverage will indemnify the Insured up to the benefits set out in the Scale of Compensation in respect of loss of revenue and/or reimbursement of costs of operating and/or costs of fulfilling obligations under contracts between the Insured and such other Third Parties for which the Insured Aircraft are committed.