BT wrote:
it is hard to judge.. having not seen the contract.. you can get a contract
to read anything you want, and then when there is an issue, the lawyers
fight about the interpretation

but one could presume that it would read the same as if there were an
accident in an aircraft without the parachute capability.
it should express liabilities, deductibles that are to be covered by the
pilot and what the insurance should cover


It wouldn't surprise me if there was a BRS deploying contingency in the
contract already. Absent that, it would probably be handled like any
other accident causing airframe damage (or loss)