Definition: Insurance 777 is a type of aviation insurance policy which covers accidents, injuries or illnesses that occur in flight. It covers the costs associated with medical treatment, lost time at work due to injuries, or compensation for death or serious injuries sustained during flights. The Insurance 777 provides comprehensive coverage for the cost of all damages incurred as a result of an accident or injury that occurs while on board a commercial aircraft. This coverage includes coverage for direct and indirect medical expenses, loss of wages or income, and any related funeral costs, including burial fees. The term "insurance 777" is used to describe this type of policy. It can be extended to cover other types of aviation insurance policies such as air cargo and freight shipping insurance.
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