PPL Life Insurance

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Trigger
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PPL Life Insurance

Post by Trigger » Tue Nov 20, 2012 11:52 am

It's hard to post this given the recent tragic events in our community, but it's long been on my mind and possibly was, if I'm true, brought to a point last weekend. I have a life insurance policy that I took out many years before I decided to get a PPL, and have been told (not by the Insurance company!) that because I had no intention of ever taking up flying when the policy was started I am therefore insured (without a pilot loading), first question... is this true ?
Secondly, is there a policy that can be taken out seperatly (eg holiday insurance) that would cover just aviation activities ?
Thirdly is there an independent broker (linked to AOPA ??) that deals with PPL policys and questions like I'm raising here ?
Many thanks
T

Pilot
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Re: PPL Life Insurance

Post by Pilot » Tue Nov 20, 2012 2:57 pm

T,

All I can tell you is that my broker told me the exact same thing. Policies (that he took out for me) prior to my deciding to learn to fly are still valid after I decided to learn, provided that I had no intention of learning before taking out the policy.

However if I wish to amend that policy in any way, then I need to disclose all new material facts, including the fact that I'm learning to fly.

In relation to the second part of your question I'm not too clear on what you're looking for. Holiday insurance is usually to cover medical expenses and transport back home in an air ambulance. Life Assurance is to pay your dependents when you die. Which would you be looking for in the second part of your question? Not that I can answer it...but it might help someone else answer that part of your question.

xpro
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Re: PPL Life Insurance

Post by xpro » Fri Nov 23, 2012 7:13 pm

I was after the same type of insurance and got some redicoluos quotes lately.

vanman
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Re: PPL Life Insurance

Post by vanman » Sat Nov 24, 2012 11:58 pm

You can get aviation coverage on travel insurance. It's a bit specialised and a lot more expensive than your normal insurance. I got coverage when I went to US for training years ago. I think many people overlook this so an accident might result in enormous medical bills. Check out several brokers to see if any provide the service.

Also when I got mortgage insurance there was a serious mark up to get cover because I was a pilot.

Flying is perceived to be high risk by insurance companies but no one upped any premium when I rode motorcycles every day. Which is higher risk?

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