Aviation Insurance & Montreal Convention

Both statements are correct. In commercial aviation underwriting, 'Aviation Hull Insurance' specifically indemnifies the owner against physical damage or loss to the aircraft structure itself, encompassing the hull, propulsion units, and integrated electronics. Statement 2 is correct because the Montreal Convention (1999), to which India is a signatory, establishes a two-tier strict liability regime for passenger injury or death, making airlines automatically liable for damages up to a set financial threshold without requiring proof of negligence or fault.