Insurances

[Guest sypkens]

Hi,

 

I am going through the motions of obtaining income protection insurance for my business. I am self employed in IT with no coworkers or staff so pretty much if I do not work I do not get paid - hence the reason for the insurance.

 

When filling out the forms I noted my aviation passion and stated I have a RAA license. The insurance has come back saying they will cover me but aviation activities are excluded and at this point I see no need to be covered if they will not cover me for that.

 

My question is has someone else been in this position? Have you found a remedy from an insurance company that will cover you for this and what sort of license do you have? Should I consider going to GA?

 

I would like to be insured but to me it is pointless unless they cover me for work and play.

 

Any help will be appreciated.

 

Thanks

 

Jan

 

 

[Admin]

Sypkens

 

I know of another forum member that may be able to help so I will give him a ring and get him to PM you.

 

 

[Guest sypkens]

Thanks Ian.

 

 

[Guest airsick]

Ian, if he is agreeable then post his details here. I am going through the same thing at the moment and would like to know some alternatives.

 

 

[slartibartfast]

I'm in the same position Jan (IT contracting), and my wife said "no insurance, no flying".

 

I managed to get cover after a lot of elaboration on the aircraft type, but they limited it to 100 hours a year, and it ain't cheap. I can check the details tonight and let you know.

 

Ross

 

 

[Guest x119]

Income protection insurance

 

Hi all,

 

please feel free to give me a call 0394498135. I can fill you in on the services we can provide.

 

Regards,

 

Mark

 

 

[brilin_air]

Sypkens, I have the same problem, but I just make sure I am covered on the actual aircraft insurance policy. This probably only helps if you own your own aircraft.

 

Brian

 

 

[Guest Rocko]

Why not post some info on the board, too?

 

Been there, done that, too.

 

As a suggestion, perhaps you could post some basic info on the board here as to the requirements and limitations of such incurance? Could be a help for everyone?

 

Scotty

 

 

[Guest sypkens]

Doh!

 

Hi all,please feel free to give me a call 0394498135. I can fill you in on the services we can provide.

Regards,

 

Mark

I thought I would resurrect this thread. After a very usefull discussion with Mark i was put in contact with a broker through Mark and it would appear it is fine if you have a GA license and fly GA licensed planes. However us mere mortals flying the kites are still not covered. I am quite keen to get a GA ticket. My only problem is time.

 

So i am still looking for a person that can point me in the direction of a broker or company that will underwrite Income protection on an RAA license? anyone else have expertise, knowledge or experiences (good or bad) they can share?

 

Jan

 

 

[Guest x119]

Hi Jan,

 

I assume Richard has been in touch. It appears that all of the insurers are the same at present - will cover you but exclude payout in the event the injury caused by an ultralight. Will continue to discuss matter with Comminsure and others. I would think from an underwriting point of view that having an inclusion (which they would charge a premium) for ultralights would be a good money spinner for the insurance companies.

 

This will be an ongoing process so I will keep y'all updated when I find out any more.

 

 

[Guest bigblockford545]

RACV business don't care if you fly, or skydive for that matter. But Motorcycles are frowned upon.thumb_down

 

Simon

 

 

[Guest sypkens]

Hi,

 

I have had some resolution on this. Found a broker on the gold coast that has a product from Macquarrie that will underwrite ultralights / ga based on 3 conditions:

 

1) You do not fly more than 75 hours per annum

 

2) you do not do aerobatics

 

3) you do not perform in stunt shows.

 

It was also coupled to a life policy through macquarrie super that included trauma insurance and total permanent disablement and further it also had a business expense insurance coverage.

 

Hoping i dont bend the commercial rules:sorry:, If you are interested the broker's details is Fraser Jack from AON. His number is 07 5553 8900.

 

Jan