Will insurance help with the financial liability at all?
Sorry if it’s a stupid or insensitive question. Just thinking that airlines, like any business, have insurance on their business assets. But not sure if the missing plane is officially considered destroyed and an insurable loss. Also, it occurs to me that an act of war or terror, in the missile shoot down, may somehow be excluded from insurance coverage.
I think acts of war and/or terrorism are often excluded from insurance coverage.
I used to work for a major company in their importing division, mostly involving ocean going cargo shipments.
Some of the language on the bills of lading was very archaic. I remember one paragraph saying the carrier would not be held responsible for the actions of “Pirates, Robbers, Princes or Kings”.
I told that to a friend of mine and he said: that agrees with my opinion of princes and kings!
Would you fly Malaysian Airways anytime in the future?