Aviation insurance is a form of property and liability coverage for flying machines. This includes airplanes, seaplanes, vintage specimens and other kinds of aircraft. It generlaly encompasses the cost of damage repairs for the lgiht conveyances, but it may also apply to related land property such as hangars where they are stored or airports. Avaiation insurance may also include coverage for companies involved in manufacture or suppply of aerospace products. Liability for thir parties that includes indemnification for harm to ther aviation vehicles, as well as medical bills for any treatment required is also common in such policies. These plans may also protect personal belongings for any passengers in these vehicles.

Aviation insurance is an important precaution for situations where planes in flight experience technical or weather difficulties that cause wrecks or forced landing. There are also the costs associated with the treatment of injuries for the pilot and any passengers, an emergency landing if necessary including search and rescure as well as money needed to fix physical damages incurred by the aircraft itself. This coverage also secures against claims or lawsuits that may be filed by non-operators who wer on the aircraft. It is important for all owners of machiens made for flying to have this insurance, particularly if their craft is used for business.