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What Travelers Should Know About the Boeing 737 Max 8 Crashes

March 20, 2019

What Travelers Should Know About the Boeing 737 Max 8 Crashes

In response to two recent fatal airplane crashes involving the same model of airplane, airlines around the world—including carriers in the United States, Canada and the U.K.—are taking the Boeing 737 Max 8 out of service. This News Brief provides an overview of the crashes and highlights some general information flyers should be aware of, particularly when it comes to travel insurance.

The Boeing 737 Max 8 and the Recent Crashes

Coming onto the market in 2017, the Boeing 737 Max 8 has been a popular airplane model, with more than 4,000 planes being ordered within the first six months of its launch. In fact, these planes complete more than 8,500 flights per week worldwide. However, questions of safety have come into focus following two recent crashes:

  1. On Oct. 29, 2018, a Lion Air flight involving a Boeing 737 Max 8 crashed, resulting in the death of all those on board—189 people in total. This particular crash was the first involving a Boeing 737 Max 8 jet and was one of the deadliest airplane crashes of 2018.
  2. Just six months later on March 10, 2019, Ethiopian Airlines Flight 302 plunged minutes after takeoff. The crash, which claimed the lives of 157 passengers, again involved a Boeing 737 Max 8.

As it stands, the causes of both crashes are subject to a continued investigation. In response to the tragedies, travelers expressed concerns regarding the safety of the Boeing 737 Max 8—leading many governments to ground the planes outright.

While the Federal Aviation Administration (FAA) didn’t halt the plane’s use initially, President Trump issued an emergency order prohibition on March 13, 2019, grounding the Boeing 737 Max 8 and Max 9 (a similar model) until the manufacturer comes up with a solution.

How Travel Insurance Comes Into Play

Regarding the Boeing 737 Max 8 situation, travelers may be curious about how insurance—and travel insurance in particular—comes into play. Currently, it’s unlikely that travel insurance policies will provide coverage for Boeing 737 Max 8 groundings.

Typically, in order for coverage to kick in, the groundings must be due to a mechanical failure or inclement weather. What’s more, canceling a flight due to fear or safety concerns is a common exclusion under most travel insurance policies.

However, travel insurance coverage can vary from policy to policy, and it’s important to speak with a qualified insurance broker about your options. To learn more, contact Corkill Insurance Agency, Inc. today.

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