Life Insurance

[DarkSarcasm]

Just FYI :)

 

Told my mum last night I'm gonna be doing aeros next year...let's just say, that was a bad idea! (and no, that isn't the point of this post) Anyway, apparantly I've been informed that if I'm going to do that, I need to take out life insurance.

 

A couple of guys on the chat mentioned that most life insurers go bananas when they find out you're a pilot, so I figured I'd share this website I found that specialises in life insurance for pilots, just in case anyone was interested - Pilots Insurance - Pilots Insurance

 

 

[Guest davidh10]

I bet the fine print says you aren't covered while engaging in dangerous sports which will cover aerobatics and any other form of non-vanilla flight

 

 

[JollyWalter]

I very recently changed my life insurance to another underwriter and when I disclosed that I was a recreational pilot they were only interested in how many hours per year I was flying. No questions about the type of flying e.g. aeros.

 

It seems that (at least with this mainstream insurer) if you fly 100 hours or less in a year then they are happy enough with that and there are no premium loadings or exclusions.

 

I only wish I could afford to fly more than 2 hours per week!

 

Mick

 

 

[DarkSarcasm]

Anyone know anything about accident insurance? (I've been informed I need accident insurance, not life insurance). Apparantly there is little faith in my not having a prang with this aeros shindig :ne_nau:

 

 

[Thx1137]

Mine specifically says flying for fun is not covered when i got the quote so I am getting a quote using darkys link.

 

 

[Guest davidh10]

Anyone know anything about accident insurance? (I've been informed I need accident insurance, not life insurance). Apparantly there is little faith in my not having a prang with this aeros shindig :ne_nau:

I probably cannot answer your question, but what potential liability are you trying to have covered? The two forms of cover are so vastly different!

 

Separately, most insurance policies require the insured to notify them of anything that they may not know and could reasonably be expected to increase the claim risk. They don't need to specify specific activities, although they may do so.

 

For instance SCUBA diving is not covered under most policies, as are any "extreme sports".

 

As Darky will know, nothing they tell you survives you signing the contract, so read & understand all the fine print.

 

 

[DarkSarcasm]

I probably cannot answer your question, but what potential liability are you trying to have covered? The two forms of cover are so vastly different!

I've been told I have to take out accident cover if I'm going to do aeros - so if I have a prang, I have insurance to pay medical bills etc. In the interests of keeping the peace, I've agreed to look into it

 

. I am sure you are not doing low level are you princess.

Noooo way, don't worry about that :)

 

 

[dunlopdangler]

We have our planes fully insured...that is hull insurance, public liability and seat cover, therefore, pilot and passengers (and those on the ground) are covered providing we don't do anything illegal, and in the case of flying in one of the planes that can do aeros, we are also covered in case things go pear shaped...As with personal life insurance, you will find plenty of exclusions so check the small print and shop around for the best coverage to suit you.......and darky, don't go doing any aeros in that warrior, things will get ugly real quick

 

 

[djpacro]

PS Aerobatics conducted in accordance with the CARs are not an extreme sport, however, low level aerobatics may well be and can only be conducted by special endorsement and only with specific CASA permission. I am sure you are not doing low level are you princess.

In Australia, anything below 3000 ft AGL is "low level" and obviously the closer to the edge of the sky the higher the risk. The competition categories of recreational aerobatics come down to 1500 ft and I'm not aware of many accidents anywhere in the world associated with that activity. In any case, ignoring the five hazardous attitudes would seem not to be healthy, regardless of the field of activity. Pilot Decision Making & Hazardous Attitudes, Macho, Anti-Authority, Invulnerability - EAIMy last discussion with an insurance company was about travel to the USA for a holiday. The only flying they covered was RPT so wouldn't cover private flying of any sort but were happy with bungee jumping and skydiving. I queried the use of an aeroplane to take me skydiving and the answer was that they'd accept a reputable operator. Only academic as either activity I find scary. Interesting that when I was on the trip I totally forgot about insurance when some-one offered me a Pitts S-2C.

 

Thought about travel insurance for the UK, Darky? (The UK medical system is a lot more friendly than in the USA)

 

 

[Guest davidh10]

I've been told I have to take out accident cover if I'm going to do aeros - so if I have a prang, I have insurance to pay medical bills etc. In the interests of keeping the peace, I've agreed to look into it ...

Ok. Don't take my response as authoritative. I'm theorising ;)

If you are an Australian Citizen, you are covered for medical by Medibank and any private hospital cover you may have. I'd suggest you have private hospital / medical cover in addition to Medibank, as I've seen lots of people wait up to a year for what I would consider urgent (but not life threatening) surgery. {off topic, but having diagnosed cancer is not considered life threatening, so unless you have private hospital / medical cover you can easily wait six months for treatment.}

 

Separate Ambulance cover is a good idea, because the cover included in private insurance has a few ifs and buts. It has always annoyed me that the medical insurance always bundles this so you effectively have to pay twice to get decent cover:kboom:

 

Now you would be advised to consider "3rd party" personal and property liability insurance. In RA-Aus, you are covered under your membership, but that is only while flying in accordance with the RA-Aus Operations Manual, which does not enable aerobatics, hence you are not covered. So, in doing aerobatics you are flying on your PPL in a VH registered aircraft.

 

 

[Guest mudjeep]

On the issue of "telling your mum", when I was in my first year of uni and hadn't left home yet I signed up for some hang-gliding lessons after seeing it on a noticeboard at uni. When I told my parents they went ballistic and made me cancel, and was one of the events that led to me leaving the nest. Since then, for anything with a perception of danger I've learnt that I never tell my folks beforehand, and only occasionally afterwards.

 

It's better to ask forgiveness than permission!

 

 

[DarkSarcasm]

for anything with a perception of danger I've learnt that I never tell my folks beforehand, and only occasionally afterwards.It's better to ask forgiveness than permission!

Yeah for some reason I thought giving a few months notice might be a good plan, leave time to get used to the idea.

 

 

[kaz3g]

It's quite strange, I find, the attitude of those life insurers that are ok with minimal hours of say less than 100 pa.

 

We all know that our reactions and skill are at their peak when we are very current and that they are at their worst after a lay-off.

 

kaz