Wikiposts
Search
Professional Pilot Training (includes ground studies) A forum for those on the steep path to that coveted professional licence. Whether studying for the written exams, training for the flight tests or building experience here's where you can hang out.

Insurance for flight school bankruptcy

Thread Tools
 
Search this Thread
 
Old 17th Oct 2012, 23:08
  #1 (permalink)  
Thread Starter
 
Join Date: Aug 2002
Location: Surrey
Posts: 179
Likes: 0
Received 0 Likes on 0 Posts
Insurance for flight school bankruptcy

Hello,

Does anyone know any insurance companies that offer insurance in case a flight school goes bankrupt?

(The logic being that if a flight school offers say 10% payment for upfront payment then it would make sense to take them up on the offer if the insurance cost less than the 10% discount.)

Thanks.
mrsurrey is offline  
Old 18th Oct 2012, 13:21
  #2 (permalink)  
 
Join Date: Jun 2002
Location: Wor Yerm
Age: 68
Posts: 4
Likes: 0
Received 0 Likes on 0 Posts
Yes, the insurance cover costs exactly 10%... You pay them as you go (and not a penny before) then you are never exposed.
Piltdown Man is offline  
Old 18th Oct 2012, 15:14
  #3 (permalink)  
 
Join Date: Mar 2012
Location: Central London
Age: 41
Posts: 308
Likes: 0
Received 0 Likes on 0 Posts
If you pay with a VISA and possibly other types of credit card the credit card company will reimburse you for funds paid over in the event of non delivery of services (check the smallprint).

This might be attractive e.g. paying in £5,000 blocks using a VISA credit card so as to benefit from any discount for paying in advance, while keeping downside protection.
taxistaxing is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service

Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.