Loss of Licence Insurance

[uchy]

Hello guys,
Any advice for a good loss of licence insurance in Europe?
Thanks

[bellaolive912]

I have this in UK:

https://www.aircrewbenefits.com/about.php

It's PIP - Personal Income Protection, rather than LoL cover.

I think PIP is far more practical...

[ROSCO328]

I have additional cover with this company. Appn

[uchy]

Somebody of you know CBE aircrew care of Luxembourg? Is this insurance company trustable ?
Thanks

[WelshRoots]

Does anyone have any recommendations?

Cheers

[Thomas coupling]

Haywards Insurance, London

[Irish_Tycoon]

Hi All,

I have recently started working in the Airline Industry based in Europe. I want to take out a Loss of Licence Insurance Policy.

I have looked online at various companies, they all look great on paper but I am looking for some real world recommendations from those who have experience in dealing with such policies/claims etc.

What to look out for ? How much should one expect to pay ? Any companies that people might recommend and what one's to stay away from ?

Any help or advice is greatly appreciated.

[MaximumPete]

Your local pilots' association might have some recommendations.

[Radgirl]

Sorry, this needs specialised brokerage help.

First, what do you want - private health care in the UK which is what the PMIs such as BUPA provide, or overseas healthcare? Is it for living overseas of just travelling????? And is that travelling as a pilot or are you flying in one country and just positioning?

Now add in both your ages and previous medical history and you will see that this thread really cant give you sensible advice

All I would say is that you must look at the benefits and compare them with actual costs. Most UK insurers offer benefits that fewer and fewer doctors will accept. Overseas care can escalate into literally the millions very fast as many healthcare systems are financially unregulated and you are the foreigner. And you must be covered for the big ticket items for the cover to be worthwhile in the UK and to be covered overseas.

This is just a general observation, and I am not providing financial advice

[BkkPilot]

Baymac / Clements gave me notice that they will not extend my health insurance contract. I have been with them for 4 years, have claimed one little claim of $200. Now, because I am a "US national" they do not extend. I have not lived in the US for 10+ years. Never go there for medical care. I would understand if I were to seek care in the US as it is outrageously expensive there, but because I hold a US passport? What's next? No gays, jews, blue eyed people? How can they get away with this? Their medical insurance arm, Clements, is based in Washington, DC. Isn't that unconstitutional?

[Radgirl]

Sorry, it is not unconstitutional, just unfair. An insurance company can write policies however they wish. There needs to be no reason or logic, not even truth.

Hence the saying 'the only people who need insurance are those that cant afford it'

[Captain Kirk]

Hi - a quick question if I may... can anyone recommend a good insurance policy/company to cover Class 1 Medical? I've recently renewed my medical (after lettting it lapse for a few years) and it occurs to me that since my future employment hangs upon it, I should have it properly insured. TVM

[OvertHawk]

BALPA Financial Services offer Loss of Licence Insurance and it's available to non BALPA members.

It's not cheap but not sure you will find anyone offering that kind of cover "cheaply"

[Captain Kirk]

Thank you OH - I just found a couple of great threads - one here on PPRuNe - and I can see it is a bit of a minefield!

Here's a link in case anyone else is looking:

https://www.pprune.org/medical-health/444260-external-loss-license-insurance.html

It looks like the best approach is to go for 'loss of income/earnings' insurance and look at the qualifying conditions VERY carefully!

[pezetaroi]

Hello guys,

I’ll soon be moving to China and the company includes a very basic insurance, I would like you to recommend me the best option for Medical Insurance in China. By the way, I do have a temporary loss of license insurance included.

Thanks in advance!

[Radgirl]

I would suggest an open ticket to LHR or somewhere Stateside as the best insurance :ok:

[AL-MEHDAR]

Dear all

I'm interested to buy my own loss of license insurance

I have a quotation from APPN they have a great reputation worldwide but their prices high

On other hands, I found a company call BAYMAC they gave me a wonderful price.

Any ideas or advice or issue regarding Baymac?

Please feedback


Thanks again

[Manicured garden]

Hello guys,

I had Loss of Licence insurance from a French company called SAAM-Insurance (pilot-SAAM) but these days, their way of communication is pissing me off. That's why I'm trying to find any other, maybe better insurance companies for aviators. I heard about BAYMAC-APPN but didn't get any quote yet. Does any of you may recommend or -better share- experiences?

Thanks in advance

[TheGorrilla]

Hi all.

Just stumbled across a company called Drewberry offering LoL insurance. Has anyone had any experience of them?

Thanks

[Gregho]

Dear all

I'm interested to buy my own loss of license insurance

I have a quotation from APPN they have a great reputation worldwide but their prices high

On other hands, I found a company call BAYMAC they gave me a wonderful price.

Any ideas or advice or issue regarding Baymac?

Please feedback


Thanks again
Hi,
I would like to share my recent experience with Baymac/Clements Loss of income insurance. I have been a member with them since 2016. Recently I put in a claim for loss of income but was rejected. The reason given was :
1. It had past the 365 days from the date of first manifestation. I was grounded just past the 365 day period as I was advised by a specialist to go for other treatment to try to avoid an operation. Finally, after other treatments did not work, the specialist recommended a surgery which I had, and was thus grounded. I reasoned with them that this is quite unreasonable as any right thinking persons would seek other treatment first before going for an operation but they were quite adament about it. This is stipulated under Sickness.
2. The second reason given was that under Part 5 of Exclusions, they have determined that the sickness or injury occurred during the 30 month period preceeding the inception date of the policy, thereby deeming it as a Pre Existing Condition. When I pointed out that I had this policy since 2016 and therefore my sickness was after the 30 month period, they informed me that every time the policy is renewed, the date resets and therefore they deem it as a pre existing condition.
The two reasons given will pratically disqualify any pilot from any payout in the event of a Loss of License. I have thus cancelled my policy with them. I would advise anyone who has a policy with them to read and try to understand what is in the policy they have taken. In my case, I found out the hard way that I was paying high premiums for nothing.

[Manicured garden]

Thanks for the information Gregho! That company never seemed me a good ad honest one; but I've doubts about mine which is SAAM Insurance as well. So I'm still trying to find the best option.

[tom_]

Something else that's very popular is income protection insurance (called disability insurance in some countries). The plan pays out a monthly income if the policyholder is too ill or injured to work and could continue payout all the way up until retirement age if the policyholder can never return to work (think Parkinson's, for example).


This isn't a pilot specific insurance but the good plans cover the policyholder for their 'own occupation', making it occupation-specific. I think a key benefit of income protection over loss of licence insurance is that you don't need your licence to be revoked or suspended to get a payout, you just need medical evidence from a doctor/consultant that you're not well enough to work. There are plenty of scenarios where your licence might not be suspended but you're too ill to work.

Tom

[LNAV VNAV -]

Does anyone have any experience with this insurance company called Aircrewcare? It’s based in Dublin and is supposed to be underwritten by HDI Global Specialty.

[austrian71]

SAAM - WARNING ! Stay away . I have a case with them, won in the court against them, they refused to pay ! Waiting for 2 years + and now with a final judgement against them, they still refuse to pay . I did the mistake to trust this forum , where they announced themself as a good insurer - Be aware, they created from beginning of my claim troubles, even two AME stated I am unfit to fly , even the court has decided I am eligible, they do not pay.

[Vinny91]

SAAM - WARNING ! Stay away . I have a case with them, won in the court against them, they refused to pay ! Waiting for 2 years + and now with a final judgement against them, they still refuse to pay . I did the mistake to trust this forum , where they announced themself as a good insurer - Be aware, they created from beginning of my claim troubles, even two AME stated I am unfit to fly , even the court has decided I am eligible, they do not pay.

Hi, I just read now your feedback about SAAM pilot insurance, I was exactly looking to start with them! until I read your feedback! Thanks! Do you have some alternative company to start with, trustable? Thanks so much!