What it does
The umbrella's aircraft or watercraft exclusion has exceptions, including one for aircraft chartered by, loaned to or hired by the insured with a paid crew. CU 21 24 removes coverage for non-owned aircraft.
Who needs it
Accounts that charter or use non-owned aircraft where the carrier will not cover the exposure.
How it fits the umbrella
The umbrella has its own exclusions that apply whether or not the underlying policies cover the claim, and many ISO umbrella exclusion endorsements mirror a CGL or auto exclusion so that the umbrella does not drop down where the underlying is excluded. When an underlying policy carries an exclusion, check that the umbrella carries the matching CU endorsement, or explain the gap if it does not.
Quoting and selling notes
- Refer to non-owned aircraft liability coverage.
Related forms
See CU 21 71.
