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Owners and operators of aircraft require pilots to purchase a sub-insurance policy to cover the deductible portion of the owner's Hull Insurance policy. This is known as "Excess" Insurance. In the event of a claim the Excess policy pays the deductible portion of the owner's policy. The amount of coverage varies according to the type of aircraft used and the terms of the owner's underlying Hull Insurance policy. ...
http://www.selfflysafari.com/terms&.htm
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