Originally Posted by
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
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.