Life Insurance for flying into War Zones
Join Date: Sep 2011
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.... and simply trashing on anyone who posts an opinion, be it an informed one or just a articulated opinion, is sooooo much more intelligent and worth a trumplike contribution.
back to the thread ......
Ask your broker the following (always considered on the job):
Would you pay if i get shot down over a officially declared warzone (Iraq, Yemen)?
Would you pay if i succumb to a terrorist act (9/11, Shoebomber), declared before or after the act?
Would you pay if i got arrested after an incident in one of the following countries (i.e. P,A,Y,I) and would die in jail? Would it matter if i was "convicted" of some phoney crime or not?
Would you pay if i succumb to a suicidal act (Germanwings), be it mentally or religiously motivated?
Add all the answers, most of them will be "it depends" anyway, and then make an informed decision if it is worth spending your money for such an insurance.
I bet most of you will then come to similar conclusions as me, maybe not Whitey or the flying anywhere though as they know better i guess.
back to the thread ......
Ask your broker the following (always considered on the job):
Would you pay if i get shot down over a officially declared warzone (Iraq, Yemen)?
Would you pay if i succumb to a terrorist act (9/11, Shoebomber), declared before or after the act?
Would you pay if i got arrested after an incident in one of the following countries (i.e. P,A,Y,I) and would die in jail? Would it matter if i was "convicted" of some phoney crime or not?
Would you pay if i succumb to a suicidal act (Germanwings), be it mentally or religiously motivated?
Add all the answers, most of them will be "it depends" anyway, and then make an informed decision if it is worth spending your money for such an insurance.
I bet most of you will then come to similar conclusions as me, maybe not Whitey or the flying anywhere though as they know better i guess.
Nemo Me Impune Lacessit
Join Date: Jun 2004
Location: Derbyshire, England.
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Glofish - Within the London market there are PA specialists who will cover war zones, the broker you should approach will be an accredited Lloyd's Broker, i.e. a broker who is licensed to do business within Lloyd's. The premium will depend on the amount of exposure, number of trips annually within a war zone for example. Your average high street broker won't have a clue.
Lloyd's has a bad reputation with paying up for this cover. But there are other companies that do. But you pay a premium. These policies are designed more for contractors in situ rather than airline crews.
As I have said before, read the aircraft insurance paperwork on board and you will see what cover you have.
As I have said before, read the aircraft insurance paperwork on board and you will see what cover you have.
Nemo Me Impune Lacessit
Join Date: Jun 2004
Location: Derbyshire, England.
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Don - Lloyd's is not just one underwriter, it is hundreds all doing business, as syndicates, in their own name but under the umbrella of Lloyd's. If one underwriter has been bad paying out you cannot tar the entire enterprise with the same brush!
There are also conglomerates of companies that operate parallel to Lloyd's. A broker works for the customer but is paid by the underwriter, strange but true, a good broker will be responsible for resolving any disputes about pay-outs. Single biggest cause for an underwriter rejecting a claim is non disclosure of essential information by the insured, again, something a broker should ensure doesn't happen.
There are also conglomerates of companies that operate parallel to Lloyd's. A broker works for the customer but is paid by the underwriter, strange but true, a good broker will be responsible for resolving any disputes about pay-outs. Single biggest cause for an underwriter rejecting a claim is non disclosure of essential information by the insured, again, something a broker should ensure doesn't happen.
