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Insurance

 
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neilsenrm(at)gmail.com
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PostPosted: Thu Feb 10, 2011 9:42 am    Post subject: Insurance Reply with quote

I have been flying legally for thirty years, ultralights (no license), general aviation (private pilot), and now LSA (private pilot without medical) with no insurance. Quite a few life insurance companies don't have any flying exemption. I once checked the wording on a term life policy I had that my work provided and there was no stipulation against flying. I have a friend that is a insurance agent. His comment is if you ask a agent they are very well trained to answer in a way that will indicate you need more insurance.

Rick Neilsen
Redrive VW Powered MKIIIC

On Thu, Feb 10, 2011 at 11:37 AM, Frankd <frankd(at)foundrynet.com (frankd(at)foundrynet.com)> wrote:
[quote]--> Kolb-List message posted by: "Frankd" <frankd(at)foundrynet.com (frankd(at)foundrynet.com)>

Hi Guys,

responding to Pats comment about weight and insurance,  do aircraft in the US require insurance to legally fly??

I know you have to have car insurance but I can't find anything that says you have to have aircraft insurance.

Also, has anyone had luck getting life insurance when you fly an experimental??  (My wife REALLY would like this!) I can get life but only if I fly certified aircraft and no ACRO..

Looking for answers.
FrankD

MkIII Xtra,
Now legally airworthy.
Soon to fly.  no more excuses.


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Thom Riddle



Joined: 10 Jan 2006
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PostPosted: Fri Feb 11, 2011 5:05 am    Post subject: Re: Insurance Reply with quote

Since I have been correctly accused of not always being easy to get along with, I've made it a policy not to be worth more dead than alive, so the only life insurance I ever had was provided by my employers if/when they provided it for no cost to me. Ooops, not quite true. When I divorced my first wife, I carried life insurance for our daughter until she came of age.

Life insurance is a misnomer anyway, it is income or wealth insurance that requires one's death to give it value.


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