Loss of medical insurance
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Loss of medical insurance
Hi all,
I'm heading out to New Zealand shortly on the CTC Wings course and for this I require insurance to protect from loss of medical.
I'd like to know the best companies that offer this service and why you think they're the best. This would be a great help.
If for some reason the rules state that you cant post companies names etc on here please feel free to message me with them.
Thanks in advance,
Charlie
I'm heading out to New Zealand shortly on the CTC Wings course and for this I require insurance to protect from loss of medical.
I'd like to know the best companies that offer this service and why you think they're the best. This would be a great help.
If for some reason the rules state that you cant post companies names etc on here please feel free to message me with them.
Thanks in advance,
Charlie
Cparker:
It doesnt really matter who you pick provided they cover you for the following and that you are aware of the following:
85% of all medical situations preventing you from flying allow the CAA (UK) to SUSPEND your licence. A very FEW ailments actually allow them to REVOKE your licence [ diabetes / serious heart problems etc].
Almost all LOL insurances wont pay out on a suspended licence, only a permanent LOSS OF LICENCE claim.
The CAA mentality is that you might well be suffering from this or that, now....but it might clear up sometime in the future and they might be able to give you your category back. The insurance companies therefore wont pay up!!
Some ailments actually allow you to continue flying even with serious repairs like heart bypass, cancer etc by reclassifying you as multi crew only. This means you can no longer fly solo.
Some insurance companies pay out monthly while you are 'ill' at say 2% of the total cover amount. This might be a better option as it is more flexible.
ALWAYS tell the company anything medical that happens to you no matter how seemingly insignificant. Ask them if they want to hear from you everytime you go to the docs with a pain or cold. Most will ask only for significant changes in your health.
Read the small print over and over again...if there is any misunderstanding...call them up and talk to them about it.
DON'T TRUST THEM......they will do everything in their power to squirm out of paying. Stick to your guns and dont back down.
I tell you this from personal experience of several claims from several companies we went through for our pilots. We have ironed out most of the irregularities now but it's taken years to establish transparency with the insurance company.
good luck.
It doesnt really matter who you pick provided they cover you for the following and that you are aware of the following:
85% of all medical situations preventing you from flying allow the CAA (UK) to SUSPEND your licence. A very FEW ailments actually allow them to REVOKE your licence [ diabetes / serious heart problems etc].
Almost all LOL insurances wont pay out on a suspended licence, only a permanent LOSS OF LICENCE claim.
The CAA mentality is that you might well be suffering from this or that, now....but it might clear up sometime in the future and they might be able to give you your category back. The insurance companies therefore wont pay up!!
Some ailments actually allow you to continue flying even with serious repairs like heart bypass, cancer etc by reclassifying you as multi crew only. This means you can no longer fly solo.
Some insurance companies pay out monthly while you are 'ill' at say 2% of the total cover amount. This might be a better option as it is more flexible.
ALWAYS tell the company anything medical that happens to you no matter how seemingly insignificant. Ask them if they want to hear from you everytime you go to the docs with a pain or cold. Most will ask only for significant changes in your health.
Read the small print over and over again...if there is any misunderstanding...call them up and talk to them about it.
DON'T TRUST THEM......they will do everything in their power to squirm out of paying. Stick to your guns and dont back down.
I tell you this from personal experience of several claims from several companies we went through for our pilots. We have ironed out most of the irregularities now but it's taken years to establish transparency with the insurance company.
good luck.
Last edited by Hawk; 5th Jul 2005 at 00:34.
niknak
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If Thomas hasn't depressed you enough, be prepared for quotes which will probably be way beyond your means, as an ATCO I was quoted around £300 per year for a one off payment of £30K.
I assume that you are looking for cover to take into account possible loss of the bond payment, I thought that you could take out cover via CTC for this? As a mere sprog embarking on your first leap into aviation, I don't think you'll find anything cheaper than their cover, and almost certainly, it's unlikely that you'd get cover for the full amount of the bond for a realistic price.
All the best with the course though...
I assume that you are looking for cover to take into account possible loss of the bond payment, I thought that you could take out cover via CTC for this? As a mere sprog embarking on your first leap into aviation, I don't think you'll find anything cheaper than their cover, and almost certainly, it's unlikely that you'd get cover for the full amount of the bond for a realistic price.
All the best with the course though...
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cparker
Have a look at this address
www.aviationcoop.co.nz
or email Janet Wharton
[email protected]
I've used them (via a broker) for years. They are a New Zealand company but they uesd a London Underwriter. I had a claim a few years ago and got paid 2% of the total payout figure per month while I was getting my medical back....I recently renewed the policy with no drama's at all and I'm back flying....well worth it, helped pay the morgage etc for 12 months
BB
Have a look at this address
www.aviationcoop.co.nz
or email Janet Wharton
[email protected]
I've used them (via a broker) for years. They are a New Zealand company but they uesd a London Underwriter. I had a claim a few years ago and got paid 2% of the total payout figure per month while I was getting my medical back....I recently renewed the policy with no drama's at all and I'm back flying....well worth it, helped pay the morgage etc for 12 months
BB
