Final answer:
The aircraft physical damage (hull) deductible is the amount that the policyholder is responsible for paying before the insurance coverage applies to the damage to the aircraft's hull.
Step-by-step explanation:
aircraft damage means direct physical loss of, or damage to, a non - owned aircraft. This includes loss of its use. aircraft damage means Loss, Destruction or damage caused by Aircraft, other aerial or space devices and articles dropped therefrom excluding those caused by pressure waves.
The aircraft physical damage (hull) deductible is the amount that the policyholder is responsible for paying before the insurance coverage applies to the damage to the aircraft's hull. It is usually expressed as a fixed dollar amount or a percentage of the total value of the aircraft. For example, if the deductible is $1,000 and the total repair cost for the aircraft is $10,000, the policyholder will have to pay $1,000 out of pocket and the insurance company will cover the remaining $9,000.