Aviation insurance for damage to goods during shipment would fall under which category?

Prepare for the Florida Surplus Lines Insurance Exam. Use flashcards and multiple choice questions with hints and explanations. Set yourself up for success!

Aviation insurance for damage to goods during shipment is best categorized under Cargo Legal Liability. This type of insurance specifically addresses the risks associated with the transport of goods by air, protecting the insured against legal liabilities that arise from loss or damage to cargo while it is in transit. It covers the interests of the cargo owners and can include various risks involved in shipping, such as theft, damage, or loss due to accidents.

Other types of insurance listed, like Passenger Liability, focus on the protection of passengers on board an aircraft, while Third Party Liability covers damages to third parties that are not involved in the shipment itself. Hull Insurance is designed to cover physical damage to the aircraft itself and does not pertain to the goods being transported. Therefore, Cargo Legal Liability is the most suitable category as it directly relates to the insurance needs for goods being shipped by air.

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