HYPOTHETICAL EXAMPLE
An operational scenario
A severe storm damages a hangar roof, tools and tenant property. Visiting aircraft and the tenant’s interruption of business create additional claims that do not necessarily belong under the building owner’s policy.
Illustrative example only; this is not a Montridge client or reported claim.
The insurance distinction
Commercial property, aircraft hull and hangarkeepers address different property or liability interests. Business income, tenant improvements, flood, earthquake and ordinance-related costs depend on actual policy selections and terms.
What to examine
Review replacement values, construction, protection, occupancy, catastrophe exposures, tools, stock and business income worksheets. Compare lease responsibilities and identify which party insures improvements and equipment.
Evidence to gather
- Building and equipment values
- Construction and protection details
- Leases and occupancy schedule
- Property form and business income worksheet
Questions for your review
- Who insures tenant improvements and equipment?
- Are aircraft excluded from the property definition?
- How are catastrophe deductibles and restoration periods handled?
References and review status
- USAIG airport insurance application
Facilities and operations context; actual property wording required
References support the indicated background topic. Review questions are educational analysis; no specific policy specimen has been supplied. Source checks: November 12, 2026.