Flying Club Excess Insurance - Cape Town
I pay an amount of about R500-00 Excess Insurance each and every year to all the flying clubs across South Africa that I fly with (the amount paid annually varies from club to club).
I'm a bit concerned about the rumour that one of the Cape Peninsula based clubs has been digging into the excess insurance cookie jar. If there's a claim, members (even those who have contributed to the Excess Insurance Fund for years) will face having to chip in once the proverbial hat is passed around.
How many of these club excess funds have available written Rules of the Excess Insurance Fund for members to look at (or take home and study)?
I'm worried that I am / other are at risk if I / they hire this particular club's aircraft - as I frequently do - and then some nutter prangs into me. I would probably be liable for some US$8,000-00 excess.
Where the money? Is it still in tact?