Munich Re Covers CAVU Satellite Components Throughout the Entire Mission
Stirling, 14 Aug 2024 – CAVU Aerospace is pleased to announce that its satellite components are now fully insured by Munich Re, covering all phases from pre-launch tests to in-orbit operations.
Comprehensive Coverage for Your Mission
CAVU Aerospace’s products benefit from comprehensive insurance through Munich Re, ensuring protection from the manufacturing stage to the end of the satellite’s in-orbit lifetime.
Pre-Launch Insurance
Our pre-launch insurance provides all-risk coverage for material damage during the pre-launch phase. This includes the satellite’s transportation from the manufacturer’s premises to the launch site, integration into the launch vehicle, and all associated launch preparations.
Launch Insurance
Launch insurance offers all-risk coverage for material damage or malfunctions from the beginning of the launch phase through to the completion of in-orbit testing. This ensures that the satellite is fully protected during its critical journey into space.
In-Orbit Insurance
Once in orbit, our insurance continues to offer protection against partial or complete failure of the satellite during its operational phase. The coverage is based on an agreed value that reflects the satellite’s replacement cost at the start of its service life.
Launch Plus Life Insurance
For full-spectrum coverage, our Launch Plus Life insurance combines the benefits of launch and in-orbit insurance. This all-risk coverage spans the entire lifecycle of the satellite, providing operators with security against material damage and malfunctions. Additionally, it shields against market price fluctuations and coverage restrictions that might arise during in-orbit renewals.