Florida Insurance Claims Adjuster License Practice Exam

What coverage is provided for damage to an aircraft under the care, custody, and control of the insured while in storage?

1. Hangerkeepers Liability

2. Extra Expense Endorsement

3. Admitted Aircraft Liability

4. Storage Endorsement

The correct answer is: Hangerkeepers Liability

"Hangerkeepers Liability" is the correct option because it specifically covers damage to an aircraft while it is under the care, custody, and control of the insured while in storage. This type of coverage is important for businesses or individuals who own or operate aircraft and need protection for any potential damage that may occur while the aircraft is not in use. "Extra Expense Endorsement" provides coverage for costs that exceed the insured's usual expenses, such as rental fees for a temporary location if the original storage location is not available due to damage. This coverage would not specifically address damage to the aircraft itself. "Admitted Aircraft Liability" is a type of insurance policy that meets certain regulatory standards, but it does not address damage to aircraft in storage. "Storage Endorsement" can add coverage for a range of different risks, but the specific coverage for damage to an aircraft while in storage