Which of the following statements about insurance in aviation sector is/are correct?
1. ‘Aviation Hull Insurance’ covers the physical aircraft, including the body, engine, and onboard equipment.
2. Under the Montreal Convention, adopted in 1999 by over 130 countries, including India,
airlines are strictly liable to pay compensation to the family/nominee of every deceased
passenger without requiring the family to prove fault.
Select the answer using the code given below: