What Does Guest Voluntary Settlement Mean?

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What does Guest Voluntary Settlement mean? Read on to discover the definition & meaning of the term Guest Voluntary Settlement - to help you better understand the language used in insurance policies.

Guest Voluntary Settlement

Guest Voluntary Settlement

An aircraft liability insurance policy additional coverage that provides a specified payment to a passenger who has suffered certain types of injuries, such as the loss of an eye, hand, or foot as a result of an aircraft accident. Coverage applies on a no-fault basis, and the passenger must relinquish the right to sue the insured to receive payment.

We hope the you have a better understanding of the meaning of Guest Voluntary Settlement.

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